Microlise Group (LON:SAAS) Posts Quarterly Earnings Results

Microlise Group (LON:SAAS) announced its earnings results on Thursday. The company reported GBX 4.19 ($0.05) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Microlise Group had a return on equity of 1.87% and a net margin of 2.14%.

Microlise Group Stock Performance

SAAS stock traded up GBX 8 ($0.10) during trading on Thursday, hitting GBX 112 ($1.44). The company had a trading volume of 362,212 shares, compared to its average volume of 87,743. The firm has a 50-day moving average price of GBX 108.26 and a 200-day moving average price of GBX 110.21. The company has a quick ratio of 1.08, a current ratio of 1.25 and a debt-to-equity ratio of 2.38. The firm has a market cap of £129.69 million, a PE ratio of 95.85 and a beta of 0.19. Microlise Group has a 1-year low of GBX 88 ($1.13) and a 1-year high of GBX 178 ($2.29).

Microlise Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 5th will be paid a dividend of GBX 1.24 ($0.02) per share. This is an increase from Microlise Group’s previous dividend of $0.57. The ex-dividend date is Thursday, June 5th. This represents a dividend yield of 1.19%. Microlise Group’s dividend payout ratio is 171.17%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group assumed coverage on Microlise Group in a research note on Thursday. They issued a “buy” rating and a GBX 199 ($2.56) price objective for the company.

Microlise Group Company Profile

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia