Brokerages Anticipate American Software, Inc. (NASDAQ:AMSWA) to Post $0.07 Earnings Per Share

Brokerages predict that American Software, Inc. (NASDAQ:AMSWA) will announce $0.07 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Software’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.06. American Software reported earnings of $0.10 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 30%. The firm is scheduled to report its next earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that American Software will report full-year earnings of $0.27 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.33 per share, with EPS estimates ranging from $0.31 to $0.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for American Software.

American Software (NASDAQ:AMSWA) last issued its earnings results on Thursday, November 21st. The software maker reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. American Software had a return on equity of 7.82% and a net margin of 6.51%. The business had revenue of $28.21 million during the quarter, compared to the consensus estimate of $28.21 million.

Several research firms recently issued reports on AMSWA. Zacks Investment Research cut shares of American Software from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th. B. Riley downgraded shares of American Software from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research note on Tuesday, November 19th. ValuEngine lowered shares of American Software from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub cut shares of American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.68.

Shares of AMSWA stock traded up $0.03 on Tuesday, hitting $15.31. 83,517 shares of the stock traded hands, compared to its average volume of 88,294. The firm’s 50-day moving average price is $16.07 and its two-hundred day moving average price is $14.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 2.60. The stock has a market capitalization of $479.27 million, a PE ratio of 52.69 and a beta of 0.53. American Software has a twelve month low of $8.99 and a twelve month high of $17.11.

In related news, CFO Vincent C. Klinges sold 35,038 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.21, for a total transaction of $532,927.98. Following the completion of the transaction, the chief financial officer now owns 131,876 shares of the company’s stock, valued at approximately $2,005,833.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vincent C. Klinges sold 3,231 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $15.21, for a total transaction of $49,143.51. Following the transaction, the chief financial officer now directly owns 100,069 shares of the company’s stock, valued at approximately $1,522,049.49. The disclosure for this sale can be found here. Insiders sold 212,680 shares of company stock valued at $3,243,866 over the last quarter. 11.19% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMSWA. FMR LLC increased its stake in American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after purchasing an additional 1,075 shares during the period. Usca Ria LLC acquired a new stake in shares of American Software during the third quarter worth about $29,000. Bank of Montreal Can lifted its position in shares of American Software by 206.5% during the second quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock worth $46,000 after purchasing an additional 2,387 shares in the last quarter. Aperio Group LLC purchased a new position in shares of American Software in the second quarter valued at approximately $67,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of American Software in the third quarter valued at approximately $90,000. 78.06% of the stock is currently owned by institutional investors.

American Software Company Profile

American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.

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