Research Analysts Offer Predictions for OTC Markets Group Inc.’s FY2024 Earnings (OTCMKTS:OTCM)

OTC Markets Group Inc. (OTCMKTS:OTCM) – Equities researchers at Sidoti Csr cut their FY2024 earnings estimates for OTC Markets Group in a report released on Thursday, May 9th. Sidoti Csr analyst B. Mccarthy now expects that the financial services provider will post earnings per share of $2.58 for the year, down from their previous forecast of $2.64. The consensus estimate for OTC Markets Group’s current full-year earnings is $2.64 per share.

OTC Markets Group Trading Up 0.1 %

Shares of OTCMKTS:OTCM opened at $51.75 on Friday. OTC Markets Group has a twelve month low of $49.50 and a twelve month high of $64.99. The company has a market cap of $619.45 million, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.20 and a beta of 0.64. The company’s 50 day moving average is $53.87 and its 200 day moving average is $56.16.

OTC Markets Group (OTCMKTS:OTCM) last announced its quarterly earnings data on Wednesday, March 6th. The financial services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.07). The company had revenue of $27.61 million for the quarter, compared to analysts’ expectations of $28.33 million. OTC Markets Group had a net margin of 25.17% and a return on equity of 76.07%.

OTC Markets Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.39%. OTC Markets Group’s payout ratio is 31.58%.

About OTC Markets Group

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.