Softcat (LON:SCT) Issues Quarterly Earnings Results

Key Points

• Softcat reported a quarterly earnings per share (EPS) of GBX 69.50, with a return on equity of 43.79% and a net margin of 12.37%.
• The company's stock increased by 5.9% on the day of the earnings release, reaching a price of GBX 1,660.
• Analysts have mixed opinions, with three holding a "buy" rating, two a "hold" rating, and one a "sell" rating, resulting in a consensus price target of GBX 1,744.83.

Softcat (LON:SCT - Get Free Report) released its earnings results on Wednesday. The company reported GBX 69.50 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 Up 5.9%

LON:SCT opened at GBX 1,660 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. Softcat has a 12 month low of GBX 1,427 and a 12 month high of GBX 1,960. The company has a market cap of £3.31 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company has a 50 day simple moving average of GBX 1,577.49 and a two-hundred day simple moving average of GBX 1,652.21.

Analysts Set New Price Targets

Several research firms have commented on SCT. Liberum Capital raised Softcat to a "buy" rating and set a GBX 1,800 target price on the stock in a report on Thursday, July 24th. Shore Capital reissued a "buy" rating and issued a GBX 1,950 target price on shares of Softcat in a report on Monday, October 13th. UBS Group reissued a "sell" rating and issued a GBX 1,400 target price on shares of Softcat in a report on Friday, October 17th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Softcat in a report on Thursday, September 11th. Finally, Citigroup dropped their target price on Softcat from GBX 2,000 to GBX 1,960 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 1,744.83.

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.

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