Alfa Financial Software (LON:ALFA) Releases Earnings Results

Key Points

• Alfa Financial Software reported earnings per share of GBX 5.38 for the quarter, with a return on equity of 51.52% and a net margin of 21.79%.
• Shares of Alfa opened at GBX 227 after a 4.4% increase, and the company has a market capitalization of £673.25 million.
• Research analysts have given Alfa an average rating of "Buy" with a consensus target price of GBX 276, highlighting recognition of its performance potential.

Alfa Financial Software (LON:ALFA - Get Free Report) issued its quarterly earnings results on Thursday. The company reported GBX 5.38 earnings per share for the quarter, Digital Look Earnings reports. Alfa Financial Software had a return on equity of 51.52% and a net margin of 21.79%.

Alfa Financial Software Price Performance

Shares of ALFA stock traded up GBX 4.44 during trading hours on Monday, hitting GBX 251.49. 356,415 shares of the company's stock were exchanged, compared to its average volume of 552,862. The stock's 50-day moving average is GBX 223.10 and its 200-day moving average is GBX 225.92. The company has a debt-to-equity ratio of 20.78, a current ratio of 1.43 and a quick ratio of 1.37. The stock has a market cap of £745.88 million, a price-to-earnings ratio of 2,937.97, a price-to-earnings-growth ratio of 4.19 and a beta of 0.08. Alfa Financial Software has a 52 week low of GBX 192.60 and a 52 week high of GBX 252.

Analyst Ratings Changes

ALFA has been the topic of several research analyst reports. Canaccord Genuity Group initiated coverage on Alfa Financial Software in a research note on Thursday, August 21st. They set a "buy" rating and a GBX 282 target price on the stock. Shore Capital reaffirmed a "buy" rating and set a GBX 270 target price on shares of Alfa Financial Software in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of GBX 276.

About Alfa Financial Software

Alfa has been delivering leading-edge technology to the global asset finance and leasing industry since 1990. Our specialised expertise enables us to deliver the most challenging systems transformation projects successfully. Alfa Systems, our class-leading SaaS platform, is at the heart of the world's largest and most progressive asset finance operations.