Formula Systems (1985) (NASDAQ:FORTY) Announces Quarterly Earnings Results

Formula Systems (1985) (NASDAQ:FORTY) announced its quarterly earnings results on Thursday. The technology company reported $1.23 EPS for the quarter, Zacks reports. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

Formula Systems (1985) Stock Performance

NASDAQ FORTY opened at $103.20 on Friday. The stock has a market capitalization of $1.58 billion, a PE ratio of 21.41 and a beta of 0.88. The business has a 50 day simple moving average of $91.21 and a two-hundred day simple moving average of $90.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. Formula Systems has a 1-year low of $69.07 and a 1-year high of $107.00.

Formula Systems (1985) Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.6855 per share. This represents a yield of 1%. The ex-dividend date is Wednesday, April 30th. This is a boost from Formula Systems (1985)’s previous semi-annual dividend of $0.63. Formula Systems (1985)’s dividend payout ratio (DPR) is currently 27.70%.

Formula Systems (1985) Company Profile

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.