Open Text (OTEX) Expected to Announce Quarterly Earnings on Thursday

Key Points

• Open Text will report Q3 2026 results after the close on Thursday, May 7 (5:00 PM ET), with analysts forecasting EPS of $0.94 and revenue of $1.248 billion.
• In the prior quarter (announced Feb. 5) Open Text beat estimates with $1.13 EPS and $1.32 billion in revenue, though revenue was down 0.6% year‑over‑year; analysts project about $4.00 in EPS for the current and next fiscal year.
• Shares opened at $22.36 with a market cap of $5.42 billion and a P/E of 13.15, the company pays a quarterly dividend (annualized yield ~4.9%), and analyst sentiment has trended toward cuts with a consensus rating of "Hold" and an average price target of $35.33.

Open Text (NASDAQ:OTEX - Get Free Report) TSE: OTC is projected to issue its Q3 2026 results after the market closes on Thursday, May 7th. Analysts expect the company to announce earnings of $0.94 per share and revenue of $1.2480 billion for the quarter. Parties may review the information on the company's upcoming Q3 2026 earning report for the latest details on the call scheduled for Thursday, May 7, 2026 at 5:00 PM ET.

Open Text (NASDAQ:OTEX - Get Free Report) TSE: OTC last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Open Text had a return on equity of 23.60% and a net margin of 8.42%.The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 EPS. On average, analysts expect Open Text to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Open Text Stock Performance

Shares of NASDAQ OTEX opened at $22.36 on Thursday. The stock's fifty day simple moving average is $23.16 and its 200 day simple moving average is $29.27. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 13.15 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. Open Text has a 52-week low of $20.00 and a 52-week high of $39.90.

Open Text Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a $0.275 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.9%. Open Text's dividend payout ratio (DPR) is 64.71%.

Hedge Funds Weigh In On Open Text

A number of large investors have recently made changes to their positions in OTEX. CIBC Private Wealth Group LLC purchased a new stake in shares of Open Text in the third quarter worth approximately $33,000. WealthCollab LLC increased its stake in Open Text by 39.5% in the 2nd quarter. WealthCollab LLC now owns 1,640 shares of the software maker's stock valued at $48,000 after buying an additional 464 shares during the period. Osaic Holdings Inc. lifted its position in Open Text by 108.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,798 shares of the software maker's stock worth $52,000 after buying an additional 937 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Open Text by 39.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,005 shares of the software maker's stock valued at $59,000 after buying an additional 570 shares during the period. Finally, Barclays PLC boosted its stake in shares of Open Text by 55.5% during the 4th quarter. Barclays PLC now owns 1,854 shares of the software maker's stock valued at $60,000 after buying an additional 662 shares during the period. Institutional investors and hedge funds own 70.37% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays cut their price objective on Open Text from $30.00 to $25.00 and set an "equal weight" rating on the stock in a report on Monday, April 20th. Raymond James Financial dropped their target price on shares of Open Text from $48.00 to $42.00 and set an "outperform" rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada cut their price target on shares of Open Text from $33.00 to $30.00 and set a "sector perform" rating on the stock in a report on Friday, February 6th. Citigroup reduced their price target on shares of Open Text from $36.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of Open Text from $40.00 to $37.00 and set a "neutral" rating for the company in a research note on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $35.33.

Open Text Company Profile

Open Text Corporation is a Canadian enterprise information management (EIM) software company that develops solutions for organizations seeking to manage, protect and extract insight from their unstructured and structured data. The company's platform encompasses document management, records management, digital asset management and archiving, enabling companies to govern information across its lifecycle.

Open Text's product suite includes content services, business process management, customer experience management, analytics and security products.

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