Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) released its quarterly earnings data 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. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Open Text had a return on equity of 25.22% and a net margin of 8.06%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS.
Open Text Stock Performance
NASDAQ OTEX traded down $2.00 on Friday, hitting $28.49. 1,139,908 shares of the company’s stock were exchanged, compared to its average volume of 580,666. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.40 and a quick ratio of 1.40. The firm’s 50-day moving average price is $30.01 and its two-hundred day moving average price is $34.82. Open Text has a fifty-two week low of $27.54 and a fifty-two week high of $45.47. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 45.95 and a beta of 1.12.
Open Text Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be given a dividend of $0.192 per share. This represents a $0.77 annualized dividend and a yield of 2.70%. The ex-dividend date is Friday, August 30th. Open Text’s payout ratio is 161.29%.
Analyst Ratings Changes
Check Out Our Latest Report on Open Text
About Open Text
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.
Further Reading
- Five stocks we like better than Open Text
- ETF Screener: Uses and Step-by-Step Guide
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- How to Use the MarketBeat Excel Dividend Calculator
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- 3 Monster Growth Stocks to Buy Now
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Open Text Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Open Text and related companies with MarketBeat.com's FREE daily email newsletter.