OTC Markets Group (OTCMKTS:OTCM) Announces Quarterly Earnings Results

OTC Markets Group (OTCMKTS:OTCM) released its quarterly earnings data on Wednesday. The financial services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11, Morningstar.com reports. OTC Markets Group had a net margin of 27.90% and a return on equity of 131.13%. The firm had revenue of $15.03 million for the quarter, compared to the consensus estimate of $15.06 million.

OTCM traded down $0.80 during trading on Friday, hitting $35.75. 9,690 shares of the company’s stock were exchanged, compared to its average volume of 3,322. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average price is $33.44. OTC Markets Group has a fifty-two week low of $26.27 and a fifty-two week high of $40.00. The company has a market cap of $416.49 million, a PE ratio of 18.52, a P/E/G ratio of 2.33 and a beta of 0.43.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 11th. This represents a $0.60 annualized dividend and a yield of 1.68%. OTC Markets Group’s payout ratio is 31.09%.

Separately, Zacks Investment Research upgraded shares of OTC Markets Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th.

About OTC Markets Group

OTC Markets Group Inc engages in the financial market business in the United States. It offers OTC Link Alternative Trading System, which provides a suite of quotation and trade-messaging services offering broker-dealers the control of trades and choice of counterparties for execution and attracting order flow, as well as complying with Financial Industry Regulatory Authority and Securities and Exchange Commission regulations; and OTC Link Electronic Communication Networks (ECN) that acts as an agency intermediary in relation to various transactions executed on the ECN's platform.

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Earnings History for OTC Markets Group (OTCMKTS:OTCM)

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