Softcat (LON:SCT) Issues Quarterly Earnings Results

Softcat (LON:SCT) issued its quarterly 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 Trading Down 1.1 %

LON SCT opened at GBX 1,710 ($22.25) on Thursday. Softcat has a 1-year low of GBX 1,415 ($18.41) and a 1-year high of GBX 1,855 ($24.13). The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The stock has a 50-day moving average of GBX 1,553.14 and a 200-day moving average of GBX 1,563.25. The firm has a market cap of £3.40 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 20th will be paid a GBX 67.50 ($0.88) dividend. This represents a dividend yield of 0.55%. The ex-dividend date is Thursday, March 20th. This is a positive change from Softcat’s previous dividend of $39.00. Softcat’s payout ratio is 43.53%.

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of Softcat in a research note on Wednesday.

Insider Activity at Softcat

In other Softcat news, insider Jacqui Ferguson purchased 3,038 shares of Softcat stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average price of GBX 1,470 ($19.12) per share, for a total transaction of £44,658.60 ($58,096.27). Also, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.37), for a total value of £229,008.20 ($297,916.22). Insiders have acquired a total of 3,067 shares of company stock worth $4,511,098 in the last 90 days. Company 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.