Microlise Group (LON:SAAS) Releases Quarterly Earnings Results

Microlise Group (LON:SAAS) released its quarterly earnings results on Thursday. The company reported GBX 4.19 ($0.05) earnings per share for the quarter, Digital Look Earnings reports. Microlise Group had a return on equity of 1.87% and a net margin of 2.14%.

Microlise Group Trading Up 7.7 %

Shares of LON:SAAS traded up GBX 8 ($0.10) on Thursday, hitting GBX 112 ($1.44). 342,212 shares of the company’s stock were exchanged, compared to its average volume of 87,415. Microlise Group has a 12 month low of GBX 88 ($1.13) and a 12 month high of GBX 178 ($2.29). The business’s 50 day simple moving average is GBX 108.26 and its two-hundred day simple moving average is GBX 110.21. The stock has a market capitalization of £129.69 million, a price-to-earnings ratio of 95.85 and a beta of 0.19. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.08.

Microlise Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 5th will be issued a GBX 1.24 ($0.02) dividend. This represents a dividend yield of 1.19%. This is an increase from Microlise Group’s previous dividend of $0.57. The ex-dividend date is Thursday, June 5th. Microlise Group’s dividend payout ratio is presently 171.17%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group started coverage on shares of Microlise Group in a research note on Thursday. They issued a “buy” rating and a GBX 199 ($2.56) target price on the stock.

About Microlise Group

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia