Softcat (LON:SCT) Announces Earnings Results

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

Softcat Price Performance

Shares of LON:SCT traded down GBX 32 ($0.41) during trading hours on Friday, hitting GBX 1,641 ($21.28). 7,880,792 shares of the company’s stock traded hands, compared to its average volume of 1,083,667. Softcat has a 52 week low of GBX 1,415 ($18.35) and a 52 week high of GBX 1,855 ($24.05). The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The company’s fifty day simple moving average is GBX 1,557.09 and its two-hundred day simple moving average is GBX 1,563.98. The company has a market cap of £3.26 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

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 given a dividend of GBX 8.90 ($0.12) per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 0.53%. Softcat’s dividend payout ratio (DPR) is 43.53%.

Insider Activity

In other news, insider Graham Charlton sold 15,380 shares of the stock in a transaction that occurred 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 Softcat stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost of GBX 1,470 ($19.06) per share, with a total value of £44,658.60 ($57,907.94). In the last quarter, insiders acquired 3,067 shares of company stock worth $4,511,098. Corporate insiders own 43.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SCT. JPMorgan Chase & Co. boosted their target price 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 research report on Thursday. Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($20.75) price target on shares of Softcat in a report on Wednesday. Finally, Shore Capital reissued a “buy” rating on shares of Softcat in a report on Wednesday.

About Softcat

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.