Sidoti Csr Raises Earnings Estimates for OTC Markets Group

OTC Markets Group Inc. (OTCMKTS:OTCM) – Equities researchers at Sidoti Csr increased their FY2024 EPS estimates for 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 earn $2.40 per share for the year, up from their previous forecast of $2.36. The consensus estimate for OTC Markets Group’s current full-year earnings is $2.40 per share.

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

OTC Markets Group Stock Down 0.6 %

Shares of OTCMKTS OTCM opened at $51.00 on Monday. The company has a market capitalization of $610.67 million, a PE ratio of 22.77, a PEG ratio of 2.45 and a beta of 0.53. The stock’s 50 day moving average price is $48.98 and its 200-day moving average price is $49.41. OTC Markets Group has a twelve month low of $45.00 and a twelve month high of $62.00.

OTC Markets Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $6.00 annualized dividend and a yield of 11.76%. OTC Markets Group’s dividend payout ratio is currently 32.14%.

About OTC Markets Group

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.