Sidoti Csr Raises Earnings Estimates for OTC Markets Group

OTC Markets Group Inc. (OTCMKTS:OTCM) – Equities research analysts at Sidoti Csr increased their FY2024 earnings per share estimates for shares of OTC Markets Group in a research note issued on Thursday, November 7th. Sidoti Csr analyst B. Mccarthy now anticipates that the financial services provider will post earnings of $2.40 per share for the year, up from their prior forecast of $2.36. The consensus estimate for OTC Markets Group’s current full-year earnings is $2.40 per share.

OTC Markets Group Trading Down 0.6 %

OTCMKTS OTCM opened at $51.00 on Monday. The business’s 50-day moving average price is $48.98 and its two-hundred day moving average price is $49.41. OTC Markets Group has a 12 month low of $45.00 and a 12 month high of $62.00. The firm has a market capitalization of $610.67 million, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.45 and a beta of 0.53.

OTC Markets Group (OTCMKTS:OTCM) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. OTC Markets Group had a return on equity of 75.89% and a net margin of 24.63%. The firm had revenue of $27.39 million for the quarter, compared to analyst estimates of $27.07 million.

OTC Markets Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 11.76%. The ex-dividend date of this dividend is Thursday, December 5th. OTC Markets Group’s dividend payout ratio is presently 32.14%.

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.