Magic Software Enterprises (NASDAQ:MGIC) is set to announce its earnings results before the market opens on Thursday, May 16th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Magic Software Enterprises has set its FY 2019 guidance at EPS.
Magic Software Enterprises (NASDAQ:MGIC) last posted its quarterly earnings results on Monday, March 4th. The software maker reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $72.29 million during the quarter, compared to the consensus estimate of $73.75 million. Magic Software Enterprises had a net margin of 6.99% and a return on equity of 11.06%. On average, analysts expect Magic Software Enterprises to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ MGIC opened at $9.00 on Wednesday. The stock has a market cap of $444.22 million, a PE ratio of 16.36 and a beta of 0.91. Magic Software Enterprises has a 1 year low of $7.29 and a 1 year high of $10.20. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.08.
A hedge fund recently raised its stake in Magic Software Enterprises stock. Dimensional Fund Advisors LP grew its holdings in shares of Magic Software Enterprises Ltd (NASDAQ:MGIC) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,557 shares of the software maker’s stock after buying an additional 2,700 shares during the quarter. Dimensional Fund Advisors LP owned 0.07% of Magic Software Enterprises worth $279,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.63% of the company’s stock.
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About Magic Software Enterprises
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and IT outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports a proprietary and none proprietary application platform, software applications, and business and process integration solutions and related services.
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