Analysts Offer Predictions for OTCMKTS:OTCM FY2024 Earnings

OTC Markets Group Inc. (OTCMKTS:OTCM - Free Report) - Stock analysts at Sidoti Csr raised their FY2024 EPS estimates for shares of OTC Markets Group in a report issued on Thursday, November 7th. Sidoti Csr analyst B. Mccarthy now anticipates that the financial services provider will post earnings per share of $2.40 for the year, up from their previous estimate 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 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 1.3 %

Shares of OTCM traded down $0.67 during mid-day trading on Monday, hitting $51.33. The company had a trading volume of 4,363 shares, compared to its average volume of 5,404. The business's 50-day simple moving average is $48.90 and its 200-day simple moving average is $49.42. OTC Markets Group has a 1-year low of $45.00 and a 1-year high of $62.00. The stock has a market cap of $614.63 million, a PE ratio of 23.21, a P/E/G ratio of 2.45 and a beta of 0.53.

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 given a $1.50 dividend. The ex-dividend date is Thursday, December 5th. This represents a $6.00 annualized dividend and a dividend yield of 11.69%. 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.