OTC Markets Group (OTCMKTS:OTCM) Announces Quarterly Earnings Results, Misses Estimates By $0.10 EPS

OTC Markets Group (OTCMKTS:OTCM) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10), Zacks reports. The business had revenue of $27.56 million during the quarter, compared to analyst estimates of $28.06 million. OTC Markets Group had a net margin of 24.95% and a return on equity of 73.70%.

OTC Markets Group Stock Down 2.1 %

OTCM traded down $1.03 during trading on Friday, hitting $46.97. 6,665 shares of the stock were exchanged, compared to its average volume of 4,604. OTC Markets Group has a 1-year low of $46.75 and a 1-year high of $62.00. The stock has a fifty day moving average price of $49.22 and a two-hundred day moving average price of $52.82. The firm has a market capitalization of $562.28 million, a P/E ratio of 20.88, a PEG ratio of 2.14 and a beta of 0.54.

OTC Markets Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, September 5th. OTC Markets Group’s dividend payout ratio (DPR) is currently 32.00%.

OTC Markets Group Company Profile

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.