$0.08 EPS Expected for American Software, Inc. (NASDAQ:AMSWA) This Quarter
Brokerages expect American Software, Inc. (NASDAQ:AMSWA) to announce $0.08 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Software’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.08. American Software reported earnings per share of $0.07 in the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, November 21st.
According to Zacks, analysts expect that American Software will report full year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.29 to $0.30. For the next year, analysts forecast that the company will report earnings of $0.40 per share, with EPS estimates ranging from $0.38 to $0.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover American Software.
American Software (NASDAQ:AMSWA) last released its quarterly earnings data on Wednesday, August 28th. The software maker reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. American Software had a net margin of 6.04% and a return on equity of 7.57%. The business had revenue of $27.38 million during the quarter, compared to the consensus estimate of $27.49 million.
In other news, insider Bryan L. Sell sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $14.80, for a total transaction of $118,400.00. Following the transaction, the insider now directly owns 4,000 shares of the company’s stock, valued at $59,200. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis Hogue sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $15.21, for a total transaction of $45,630.00. Following the transaction, the director now directly owns 9,274 shares in the company, valued at $141,057.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 183,162 shares of company stock worth $2,768,661. Corporate insiders own 11.19% of the company’s stock.
Several large investors have recently modified their holdings of AMSWA. Marshall Wace LLP bought a new position in shares of American Software during the first quarter valued at approximately $156,000. FMR LLC boosted its stake in shares of American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after purchasing an additional 1,075 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of American Software by 1.5% during the second quarter. Bessemer Group Inc. now owns 102,500 shares of the software maker’s stock valued at $1,348,000 after purchasing an additional 1,500 shares in the last quarter. Aperio Group LLC bought a new position in shares of American Software during the second quarter valued at approximately $67,000. Finally, Teton Advisors Inc. boosted its stake in shares of American Software by 1.4% during the second quarter. Teton Advisors Inc. now owns 224,380 shares of the software maker’s stock valued at $2,951,000 after purchasing an additional 3,000 shares in the last quarter. 77.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of AMSWA traded up $0.30 during midday trading on Friday, hitting $16.59. 58,200 shares of the company traded hands, compared to its average volume of 75,056. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 2.60. American Software has a 52 week low of $8.99 and a 52 week high of $16.59. The stock has a market cap of $514.72 million, a price-to-earnings ratio of 59.25 and a beta of 0.53. The firm has a 50 day moving average of $15.63 and a 200-day moving average of $14.13.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Thursday, November 21st. American Software’s dividend payout ratio (DPR) is presently 157.14%.
American Software Company Profile
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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