Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) posted its quarterly earnings data on Thursday. The software maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05, Briefing.com reports. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.41 billion. Open Text had a net margin of 8.06% and a return on equity of 25.22%. The company’s revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 earnings per share.
Open Text Stock Down 6.6 %
Shares of OTEX stock traded down $2.00 on Friday, hitting $28.49. The stock had a trading volume of 1,139,908 shares, compared to its average volume of 580,666. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 45.95 and a beta of 1.12. The stock’s 50 day moving average is $30.01 and its 200-day moving average is $34.82. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.40 and a current ratio of 1.40. Open Text has a 52-week low of $27.54 and a 52-week high of $45.47.
Open Text Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be paid a $0.192 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.77 annualized dividend and a dividend yield of 2.70%. Open Text’s dividend payout ratio (DPR) is presently 161.29%.
Analyst Ratings Changes
About Open Text
Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.
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