Onespan Inc (NASDAQ:OSPN) Shareholders to Collect $0.13 Quarterly Dividend

Key Points

• OneSpan declared a quarterly dividend of $0.13 per share, payable December 4 to shareholders of record on November 13. The annualized dividend is $0.52 per share, representing a 2.0% yield.
• OneSpan reported quarterly earnings of $0.35 per share, exceeding analysts’ $0.24 estimate, while revenue of $63.89 million also topped expectations.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $24, despite B. Riley raising its target to $32 and maintaining a “Buy” rating.

Onespan Inc (NASDAQ:OSPN - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.13 per share on Friday, December 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 13th.

Onespan has a dividend payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Onespan to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 48.6%.

Onespan Stock Performance

Shares of OSPN traded up $5.51 during midday trading on Friday, reaching $25.66. 3,758,603 shares of the stock were exchanged, compared to its average volume of 571,941. Onespan has a twelve month low of $10.07 and a twelve month high of $27.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.23. The company has a market capitalization of $945.62 million, a price-to-earnings ratio of 14.42, a PEG ratio of 1.74 and a beta of 1.59. The business's 50-day moving average price is $17.61 and its 200 day moving average price is $14.00.

Onespan (NASDAQ:OSPN - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $63.89 million for the quarter, compared to analysts' expectations of $57.43 million. Onespan had a net margin of 27.76% and a return on equity of 16.91%. On average, sell-side analysts expect that Onespan will post 1.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OSPN has been the subject of a number of recent research reports. B. Riley Financial increased their price objective on Onespan from $22.00 to $32.00 and gave the stock a "buy" rating in a research report on Friday. Rosenblatt Securities lowered Onespan from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a report on Tuesday. DA Davidson boosted their target price on Onespan from $16.00 to $22.00 and gave the company a "neutral" rating in a report on Friday. Finally, Weiss Ratings upgraded Onespan from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, September 14th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Onespan currently has a consensus rating of "Hold" and an average price target of $24.00.

About Onespan

OneSpan Inc NASDAQ: OSPN provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company's offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.

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