Softcat (LON:SCT) Announces Earnings Results

Softcat (LON:SCT) released its earnings results on Wednesday. The company reported GBX 28.70 ($0.37) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Softcat had a return on equity of 43.79% and a net margin of 12.37%.

Softcat Price Performance

SCT stock opened at GBX 1,665 ($21.59) on Friday. The business has a 50 day moving average price of GBX 1,557.09 and a 200 day moving average price of GBX 1,563.98. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. The stock has a market cap of £3.31 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 11.51 and a beta of 0.71. Softcat has a fifty-two week low of GBX 1,415 ($18.35) and a fifty-two week high of GBX 1,855 ($24.05).

Softcat Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be issued a GBX 8.90 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 0.53%. Softcat’s payout ratio is currently 43.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,600 ($20.75) price objective on shares of Softcat in a research note on Wednesday. Shore Capital reiterated a “buy” rating on shares of Softcat in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Softcat from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) and gave the stock a “neutral” rating in a report on Thursday.

Insider Buying and Selling at Softcat

In other Softcat news, insider Graham Charlton sold 15,380 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.31), for a total value of £229,008.20 ($296,950.47). Also, insider Jacqui Ferguson purchased 3,038 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average cost of GBX 1,470 ($19.06) per share, for a total transaction of £44,658.60 ($57,907.94). Insiders have purchased 3,067 shares of company stock worth $4,511,098 over the last three months. Insiders own 43.60% of the company’s stock.

Softcat Company Profile

Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.