Magic Software Enterprises (NASDAQ:MGIC - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 15th. Analysts expect Magic Software Enterprises to post 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 released its quarterly 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 net margin of 6.49% and a return on equity of 15.42%. The business had revenue of $142.58 million during the quarter, compared to analysts' expectations 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 Trading Up 2.9%
Shares of NASDAQ MGIC traded up $0.43 during mid-day trading on Tuesday, hitting $14.86. The stock had a trading volume of 42,183 shares, compared to its average volume of 55,326. Magic Software Enterprises has a 1 year low of $9.51 and a 1 year high of $15.23. The firm has a market cap of $729.37 million, a P/E ratio of 21.22 and a beta of 0.99. The business has a 50 day moving average price of $13.40 and a two-hundred day moving average price of $12.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.76 and a current ratio of 1.76.
Magic Software Enterprises Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Wednesday, May 7th. Stockholders of record on Tuesday, April 22nd were given a $0.327 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a dividend yield of 4.6%. This is a positive change from Magic Software Enterprises's previous semi-annual dividend of $0.24. Magic Software Enterprises's dividend payout ratio is currently 86.67%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on MGIC shares. StockNews.com raised Magic Software Enterprises from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 13th. Barclays boosted their price objective on shares of Magic Software Enterprises from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Finally, 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.
Read Our Latest Research Report on Magic Software Enterprises
Magic Software Enterprises Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Magic Software Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Magic Software Enterprises wasn't on the list.
While Magic Software Enterprises currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
