Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) released its quarterly earnings results on Thursday. The software maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05, Briefing.com reports. The firm had revenue of $1.36 billion for 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 for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share.
Open Text Trading Down 6.6 %
NASDAQ OTEX traded down $2.00 during trading on Friday, reaching $28.49. 1,139,908 shares of the stock traded hands, compared to its average volume of 580,666. The firm has a market cap 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 price is $30.01 and its 200 day moving average price is $34.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.01. Open Text has a fifty-two week low of $27.54 and a fifty-two week high of $45.47.
Open Text Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a dividend of $0.192 per share. This represents a $0.77 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, August 30th. Open Text’s dividend payout ratio is currently 161.29%.
Analyst Upgrades and Downgrades
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Open Text Company Profile
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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