B. Riley Weighs in on MAM Software Group Inc.’s FY2019 Earnings (MAMS)

MAM Software Group Inc. (NASDAQ:MAMS) – Research analysts at B. Riley decreased their FY2019 earnings estimates for MAM Software Group in a research report issued on Wednesday, February 13th. B. Riley analyst S. Sherbetchyan now forecasts that the technology company will post earnings of $0.29 per share for the year, down from their prior forecast of $0.30. B. Riley currently has a “Hold” rating and a $9.00 target price on the stock. B. Riley also issued estimates for MAM Software Group’s Q4 2019 earnings at $0.07 EPS, Q1 2020 earnings at $0.08 EPS, Q2 2020 earnings at $0.05 EPS, Q3 2020 earnings at $0.08 EPS, Q4 2020 earnings at $0.10 EPS and FY2020 earnings at $0.31 EPS.

MAM Software Group (NASDAQ:MAMS) last issued its earnings results on Monday, February 11th. The technology company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. MAM Software Group had a net margin of 9.08% and a return on equity of 30.52%. The company had revenue of $8.96 million for the quarter, compared to analysts’ expectations of $9.46 million.

MAMS has been the subject of a number of other reports. Zacks Investment Research lowered shares of MAM Software Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. ValuEngine upgraded shares of MAM Software Group from a “hold” rating to a “buy” rating in a research note on Friday, November 16th.

Shares of MAMS opened at $8.38 on Thursday. MAM Software Group has a 52-week low of $6.53 and a 52-week high of $9.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a market capitalization of $99.53 million, a P/E ratio of 25.39 and a beta of 0.27.

A hedge fund recently raised its stake in MAM Software Group stock. BlackRock Inc. raised its stake in shares of MAM Software Group Inc. (NASDAQ:MAMS) by 345.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,152 shares of the technology company’s stock after buying an additional 15,632 shares during the quarter. BlackRock Inc. owned about 0.16% of MAM Software Group worth $173,000 at the end of the most recent reporting period. 39.13% of the stock is currently owned by institutional investors and hedge funds.

About MAM Software Group

MAM Software Group, Inc, through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. The company offers business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; and information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits.

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Earnings History and Estimates for MAM Software Group (NASDAQ:MAMS)

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