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SS&C Technologies Holdings (SSNC)
NASDAQ:SSNC
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.33Last Year’s EPS
1.26Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 4.79%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call presented a largely positive outlook with record revenues, strong growth in strategic business units, and successful acquisition integration. However, there were concerns about the lower projected organic growth in Q4 due to tough year-over-year comparisons and high debt levels.Company Guidance
During SS&C Technologies' Q3 2024 earnings call, the company provided guidance reflecting a strong financial performance with several key metrics. They reported record adjusted revenues of $1.467 billion, reflecting a 7.3% increase compared to Q3 2023, and achieved an adjusted diluted earnings per share (EPS) of $1.29, marking a 10.3% rise from the previous year. The adjusted consolidated EBITDA was $566.2 million, with a notable EBITDA margin of 38.6%. Their Q3 adjusted organic revenue grew by 6.4%, driven by robust performance in their Wealth and Investment Technologies (WIT) and Global Investor and Distribution Solutions (GIDS) businesses. Additionally, SS&C completed a $670 million acquisition of Battea-Class Action Services, adding approximately $95 million in annual revenue at a 45% EBITDA margin, which was immediately accretive to earnings. Looking forward, SS&C projects Q4 2024 revenues to range between $1.46 billion and $1.5 billion, with an adjusted diluted EPS between $1.29 and $1.35. For the full year 2024, they anticipate revenues between $5.815 billion and $5.855 billion, with an organic revenue growth of 4.9% at the midpoint, and adjusted diluted EPS between $5.12 and $5.18. The company remains focused on client retention, expense management, and leveraging growth opportunities, particularly through share repurchases in the absence of high-quality acquisitions.Record Adjusted Revenue and Growth
SS&C reported a record adjusted revenue of $1,466.8 million, up 7.3% from the previous year. Adjusted diluted earnings per share were $1.29, showing a 10.3% increase.
Strong Performance in Wealth and Investment Technologies
The Wealth and Investment Technologies business unit grew by 10.9% for the quarter, driven by accelerated license revenue and successful integration efforts.
Successful Acquisition of Battea-Class Action Services
SS&C closed the $670 million acquisition of Battea-Class Action Services, which was immediately accretive to earnings and aligned with SS&C's fund administration business.
Strong Cash Flow and Share Repurchases
Third quarter cash from operating activities was $336.6 million, up 39% from Q3 2023. SS&C bought back 1.2 million shares for $89.4 million.
Positive Developments in Health Care Segment
SS&C signed two large license deals worth about $8 million in revenue at the beginning of October, showing strong momentum in the healthcare sector.
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SSNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SSNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $74.91 | $69.81 | -6.81% |
| Jul 25, 2024 | $67.57 | $71.82 | +6.29% |
| Apr 25, 2024 | $60.67 | $60.60 | -0.12% |
| Feb 13, 2024 | $59.30 | $62.18 | +4.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SS&C Technologies Holdings (SSNC) report earnings?
SS&C Technologies Holdings (SSNC) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is SS&C Technologies Holdings (SSNC) earnings time?
SS&C Technologies Holdings (SSNC) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SSNC EPS forecast?
SSNC EPS forecast for the fiscal quarter 2024 (Q4) is 1.33.
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