Magic Software Enterprises (MGIC) Projected to Post Earnings on Thursday

Magic Software Enterprises (NASDAQ:MGIC - Get Free Report) is expected to be announcing its Q1 2025 earnings results before the market opens on Thursday, May 15th. Analysts expect the company to announce earnings of $0.25 per share and revenue of $143.80 million for the quarter. Magic Software Enterprises has set its FY 2025 guidance at EPS.

Magic Software Enterprises (NASDAQ:MGIC - Get Free Report) last posted its earnings results on Tuesday, March 11th. The software maker reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Magic Software Enterprises had a return on equity of 15.42% and a net margin of 6.49%. The business had revenue of $142.58 million for the quarter, compared to the consensus estimate of $137.00 million. On average, analysts expect Magic Software Enterprises to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Magic Software Enterprises Stock Up 0.4 %

Shares of Magic Software Enterprises stock opened at $13.90 on Thursday. Magic Software Enterprises has a 1 year low of $9.51 and a 1 year high of $14.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $682.48 million, a P/E ratio of 19.86 and a beta of 0.99. The business has a 50-day moving average of $13.27 and a two-hundred day moving average of $12.47.

Magic Software Enterprises Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, May 7th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.327 per share. This is an increase from Magic Software Enterprises's previous semi-annual dividend of $0.24. This represents a yield of 4.6%. The ex-dividend date was Tuesday, April 22nd. Magic Software Enterprises's dividend payout ratio (DPR) is 86.67%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MGIC. William Blair downgraded shares of Magic Software Enterprises from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 12th. StockNews.com raised Magic Software Enterprises from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 13th. Finally, Barclays increased their price objective on Magic Software Enterprises from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th.

Magic Software Enterprises Company Profile

Magic Software Enterprises Ltd. provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud-based services in Israel and internationally. Its Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services.

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