OTC Markets Group (OTCMKTS:OTCM) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Key Points

• OTC Markets Group reported a quarterly EPS of $0.60, missing analysts' estimates by $0.02 and achieving a revenue of $29.51 million, slightly below expectations of $29.78 million.
• The company recently announced a dividend of $0.18 per share, representing a significant yield, though it also has a payout ratio of 31.17%.
• OTC Markets Group's stock remained stable at $55.00, with a market capitalization of $661.10 million and a P/E ratio of 23.81.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02), Zacks reports. The business had revenue of $29.51 million for the quarter, compared to the consensus estimate of $29.78 million. OTC Markets Group had a return on equity of 69.14% and a net margin of 23.96%.

OTC Markets Group Trading Down 0.9%

Shares of OTCM stock traded down $0.51 during midday trading on Wednesday, reaching $53.99. 2,861 shares of the stock were exchanged, compared to its average volume of 4,931. The company's 50 day moving average is $55.39 and its two-hundred day moving average is $51.15. OTC Markets Group has a 1 year low of $44.20 and a 1 year high of $60.50. The firm has a market cap of $648.96 million, a PE ratio of 23.37, a price-to-earnings-growth ratio of 1.71 and a beta of 0.52.

OTC Markets Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a yield of 144.0%. OTC Markets Group's dividend payout ratio is presently 31.17%.

OTC Markets Group Company Profile

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.