Computer Modelling Group (TSE:CMG) Announces Earnings Results

Computer Modelling Group (TSE:CMG) posted its quarterly earnings results on Thursday. The company reported C$0.07 earnings per share for the quarter, FiscalAI reports. Computer Modelling Group had a net margin of 13.54% and a return on equity of 19.68%. The firm had revenue of C$33.67 million for the quarter.

Computer Modelling Group Stock Down 1.8%

Shares of TSE:CMG opened at C$3.78 on Thursday. Computer Modelling Group has a 52 week low of C$3.55 and a 52 week high of C$8.52. The company has a debt-to-equity ratio of 45.07, a quick ratio of 2.25 and a current ratio of 1.30. The company’s fifty day moving average is C$3.98 and its 200-day moving average is C$4.56. The company has a market capitalization of C$301.26 million, a PE ratio of 18.90, a P/E/G ratio of 1.97 and a beta of -0.67.

Computer Modelling Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, March 13th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, March 5th. Computer Modelling Group’s payout ratio is currently 60.00%.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent analyst reports. Ventum Financial boosted their target price on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research note on Thursday, March 26th. Raymond James Financial reduced their target price on shares of Computer Modelling Group from C$10.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Finally, National Bank Financial reduced their target price on shares of Computer Modelling Group from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$6.05.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.