Softcat (LON:SCT) Posts Quarterly 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 return on equity of 43.79% and a net margin of 12.37%.

Softcat Price Performance

Softcat stock opened at GBX 1,710 ($22.25) on Thursday. Softcat has a 52 week low of GBX 1,415 ($18.41) and a 52 week high of GBX 1,855 ($24.13). The business has a 50-day simple moving average of GBX 1,553.14 and a 200 day simple moving average of GBX 1,563.25. 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 £3.40 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 11.51 and a beta of 0.71.

Softcat Increases Dividend

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

Insider Buying and Selling

In other news, insider Jacqui Ferguson purchased 3,038 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was purchased at an average price of GBX 1,470 ($19.12) per share, with a total value of £44,658.60 ($58,096.27). Also, insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.37), for a total value of £229,008.20 ($297,916.22). Insiders acquired a total of 3,067 shares of company stock worth $4,511,098 over the last ninety days. 43.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.