Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) issued its earnings results on Thursday. The software maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05, Briefing.com reports. Open Text had a net margin of 8.06% and a return on equity of 25.22%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business earned $0.79 EPS. The firm’s quarterly revenue was down 8.6% on a year-over-year basis.
Open Text Price Performance
Open Text stock traded down $2.00 during trading on Friday, reaching $28.49. The company had a trading volume of 1,139,908 shares, compared to its average volume of 580,666. The firm’s 50-day simple moving average is $30.01 and its 200 day simple moving average is $34.82. Open Text has a 1-year low of $27.54 and a 1-year high of $45.47. The firm has a market capitalization of $7.63 billion, a PE ratio of 45.95 and a beta of 1.12. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.40 and a current ratio of 1.40.
Open Text Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a $0.192 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.77 dividend on an annualized basis and a yield of 2.70%. Open Text’s dividend payout ratio is currently 161.29%.
Analyst Upgrades and Downgrades
View Our Latest Research Report on OTEX
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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