Logility Supply Chain Solutions (NASDAQ:LGTY) Announces Earnings Results, Beats Estimates By $0.01 EPS

Logility Supply Chain Solutions (NASDAQ:LGTY) posted its earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01, Zacks reports. Logility Supply Chain Solutions had a return on equity of 7.03% and a net margin of 6.15%. The company had revenue of $25.01 million during the quarter, compared to analyst estimates of $25.09 million.

Logility Supply Chain Solutions Stock Performance

Shares of Logility Supply Chain Solutions stock traded down $0.01 during trading on Friday, reaching $14.09. The company’s stock had a trading volume of 199,270 shares, compared to its average volume of 485,390. Logility Supply Chain Solutions has a 1-year low of $8.41 and a 1-year high of $14.19. The company has a 50-day moving average price of $12.19. The stock has a market capitalization of $474.55 million, a P/E ratio of 74.16 and a beta of 0.77.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LGTY shares. B. Riley downgraded Logility Supply Chain Solutions from a “buy” rating to a “neutral” rating in a research report on Monday, January 27th. Maxim Group cut shares of Logility Supply Chain Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th.

About Logility Supply Chain Solutions

Logility Supply Chain Solutions Inc is a provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains. Logility Supply Chain Solutions Inc, formerly known as American Software Inc, is based in ATLANTA.