Computer Modelling Group (CMG) Scheduled to Post Quarterly Earnings on Wednesday

Computer Modelling Group (TSE:CMG) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of C$0.06 per share for the quarter.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings results on Wednesday, May 22nd. The company reported C$0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.02. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The firm had revenue of C$32.29 million for the quarter, compared to analysts’ expectations of C$31.30 million.

Computer Modelling Group Price Performance

Computer Modelling Group stock opened at C$13.86 on Thursday. The company’s fifty day moving average price is C$13.26 and its 200 day moving average price is C$11.27. Computer Modelling Group has a 1 year low of C$6.85 and a 1 year high of C$14.73. The stock has a market capitalization of C$1.13 billion, a P/E ratio of 47.79, a P/E/G ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.20 annualized dividend and a yield of 1.44%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 68.97%.

Insiders Place Their Bets

In other Computer Modelling Group news, Senior Officer Anjani Kumar sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$12.73, for a total transaction of C$127,300.00. In other news, Senior Officer Long X. Nghiem sold 5,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$12.70, for a total transaction of C$63,500.00. Also, Senior Officer Anjani Kumar sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$12.73, for a total value of C$127,300.00. Insiders have sold 143,400 shares of company stock worth $1,865,633 over the last three months. Company insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CMG shares. Canaccord Genuity Group lifted their target price on shares of Computer Modelling Group from C$12.00 to C$15.00 in a research note on Friday, July 26th. Cibc World Mkts raised shares of Computer Modelling Group to a “strong-buy” rating in a research note on Friday, May 24th. National Bankshares lifted their target price on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. CIBC set a C$13.50 price target on Computer Modelling Group and gave the stock an “outperform” rating in a report on Friday, May 24th. Finally, Acumen Capital lifted their price target on Computer Modelling Group from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$13.10.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.