Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) posted its earnings results on Thursday. The software maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05, Briefing.com reports. Open Text had a return on equity of 25.22% and a net margin of 8.06%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company earned $0.79 EPS. The company’s revenue for the quarter was down 8.6% on a year-over-year basis.
Open Text Trading Down 6.6 %
Open Text stock traded down $2.00 during mid-day trading 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 stock has a market capitalization of $7.63 billion, a PE ratio of 45.95 and a beta of 1.12. Open Text has a 12 month low of $27.54 and a 12 month high of $45.47. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.01. The stock has a 50-day simple moving average of $30.01 and a two-hundred day simple moving average of $34.82.
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 given a dividend of $0.192 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 2.70%. Open Text’s payout ratio is currently 161.29%.
Wall Street Analyst Weigh In
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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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