Simulations Plus, Inc. Forecasted to Post FY2024 Earnings of $0.54 Per Share (NASDAQ:SLP)

Simulations Plus, Inc. (NASDAQ:SLP) – Equities research analysts at William Blair cut their FY2024 EPS estimates for shares of Simulations Plus in a note issued to investors on Thursday, September 12th. William Blair analyst M. Smock now forecasts that the technology company will earn $0.54 per share for the year, down from their previous estimate of $0.55. William Blair has a “Outperform” rating on the stock. The consensus estimate for Simulations Plus’ current full-year earnings is $0.52 per share. William Blair also issued estimates for Simulations Plus’ Q4 2024 earnings at $0.06 EPS, Q2 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.67 EPS.

Simulations Plus (NASDAQ:SLP) last issued its quarterly earnings results on Tuesday, July 2nd. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. Simulations Plus had a net margin of 14.36% and a return on equity of 7.80%. The company had revenue of $18.54 million during the quarter, compared to analyst estimates of $17.92 million. During the same period last year, the business earned $0.20 EPS. Simulations Plus’s quarterly revenue was up 14.2% compared to the same quarter last year.

Other analysts have also issued reports about the stock. Craig Hallum reiterated a “buy” rating and issued a $56.00 price target on shares of Simulations Plus in a research note on Wednesday, July 3rd. Oppenheimer boosted their target price on shares of Simulations Plus from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. KeyCorp started coverage on shares of Simulations Plus in a research report on Monday, July 29th. They set an “overweight” rating and a $47.00 target price for the company. Finally, JMP Securities started coverage on shares of Simulations Plus in a research report on Tuesday, July 16th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.00.

Simulations Plus Stock Up 0.8 %

Shares of NASDAQ SLP opened at $32.50 on Friday. The firm’s 50-day moving average price is $37.67 and its 200-day moving average price is $42.95. Simulations Plus has a 52-week low of $32.22 and a 52-week high of $51.22. The company has a market cap of $650.33 million, a PE ratio of 67.71 and a beta of 0.70.

Simulations Plus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Monday, July 29th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Monday, July 29th. Simulations Plus’s dividend payout ratio is currently 50.00%.

Insider Buying and Selling at Simulations Plus

In other Simulations Plus news, Director Daniel L. Weiner sold 750 shares of Simulations Plus stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $49.32, for a total transaction of $36,990.00. Following the transaction, the director now owns 7,009 shares of the company’s stock, valued at $345,683.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Walter S. Woltosz sold 20,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $39.63, for a total value of $792,600.00. Following the transaction, the director now owns 3,521,592 shares of the company’s stock, valued at $139,560,690.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel L. Weiner sold 750 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $49.32, for a total transaction of $36,990.00. Following the sale, the director now directly owns 7,009 shares in the company, valued at approximately $345,683.88. The disclosure for this sale can be found here. Insiders have sold 60,750 shares of company stock valued at $2,467,390 over the last 90 days. 20.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in Simulations Plus during the first quarter valued at $57,000. Allspring Global Investments Holdings LLC bought a new position in shares of Simulations Plus in the first quarter worth about $70,000. Connecticut Wealth Management LLC bought a new position in shares of Simulations Plus in the first quarter worth about $204,000. Los Angeles Capital Management LLC bought a new position in shares of Simulations Plus in the second quarter worth about $206,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Simulations Plus in the first quarter worth about $208,000. Institutional investors own 78.08% of the company’s stock.

About Simulations Plus

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products.