Logility Supply Chain Solutions (NASDAQ:LGTY) Announces Earnings Results, Beats Expectations By $0.01 EPS

Logility Supply Chain Solutions (NASDAQ:LGTY) posted its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01, Zacks reports. The company had revenue of $25.01 million during the quarter, compared to analyst estimates of $25.09 million. Logility Supply Chain Solutions had a net margin of 6.15% and a return on equity of 7.03%.

Logility Supply Chain Solutions Stock Performance

LGTY traded down $0.01 on Friday, hitting $14.09. The company had a trading volume of 199,270 shares, compared to its average volume of 485,390. The stock’s fifty day simple moving average is $12.19. Logility Supply Chain Solutions has a 1 year low of $8.41 and a 1 year high of $14.19. The stock has a market cap of $474.55 million, a price-to-earnings ratio of 74.16 and a beta of 0.77.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LGTY shares. B. Riley lowered Logility Supply Chain Solutions from a “buy” rating to a “neutral” rating in a research note on Monday, January 27th. Maxim Group downgraded shares of Logility Supply Chain Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

About Logility Supply Chain Solutions

Logility Supply Chain Solutions Inc is a provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains. Logility Supply Chain Solutions Inc, formerly known as American Software Inc, is based in ATLANTA.