Computer Modelling Group (TSE:CMG) Issues Earnings Results

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

Computer Modelling Group Price Performance

Shares of CMG opened at C$4.08 on Friday. Computer Modelling Group has a twelve month low of C$3.55 and a twelve month high of C$8.23. The firm’s fifty day simple moving average is C$3.98 and its 200-day simple moving average is C$4.55. The firm has a market capitalization of C$325.17 million, a price-to-earnings ratio of 20.40, a PEG ratio of 1.97 and a beta of -0.67. The company has a current ratio of 1.30, a quick ratio of 2.25 and a debt-to-equity ratio of 45.07.

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, March 13th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 60.00%.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research reports. 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 report on Monday, April 27th. Raymond James Financial reduced their price objective on shares of Computer Modelling Group from C$10.00 to C$7.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Finally, Ventum Financial raised their price objective on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$6.05.

Computer Modelling Group Company Profile

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.