FY2024 EPS Estimates for OTCMKTS:OTCM Increased by Analyst

OTC Markets Group Inc. (OTCMKTS:OTCM) – Stock analysts at Sidoti Csr lifted their FY2024 earnings estimates for OTC Markets Group in a research report issued to clients and investors 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 prior 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) last announced its quarterly earnings data 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 company had revenue of $27.39 million during the quarter, compared to the consensus estimate of $27.07 million. OTC Markets Group had a return on equity of 75.89% and a net margin of 24.63%.

OTC Markets Group Price Performance

OTCM opened at $51.33 on Monday. The company has a market capitalization of $614.63 million, a P/E ratio of 23.21, a P/E/G ratio of 2.45 and a beta of 0.53. The firm’s fifty day moving average price is $48.90 and its two-hundred day moving average price is $49.42. OTC Markets Group has a fifty-two week low of $45.00 and a fifty-two week high of $62.00.

OTC Markets Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend 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 (DPR) 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.