Brokerages Anticipate OneSpan Inc. (NASDAQ:OSPN) to Announce -$0.17 Earnings Per Share

Analysts predict that OneSpan Inc. (NASDAQ:OSPN) will report earnings of ($0.17) per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for OneSpan’s earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.20). OneSpan reported earnings of $0.03 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 666.7%. The firm is expected to announce its next earnings report on Monday, November 1st.

According to Zacks, analysts expect that OneSpan will report full-year earnings of ($0.43) per share for the current financial year, with EPS estimates ranging from ($0.47) to ($0.39). For the next financial year, analysts forecast that the company will report earnings of ($0.14) per share, with EPS estimates ranging from ($0.34) to $0.07. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover OneSpan.

OneSpan (NASDAQ:OSPN) last issued its earnings results on Wednesday, August 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). OneSpan had a negative net margin of 9.29% and a negative return on equity of 5.28%. The business had revenue of $52.28 million during the quarter, compared to analysts’ expectations of $52.18 million. During the same quarter in the prior year, the business posted $0.02 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis.

OSPN has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of OneSpan from a “sell” rating to a “hold” rating in a research report on Tuesday, August 17th. Colliers Securities reissued a “buy” rating and set a $30.00 price target on shares of OneSpan in a research report on Friday, September 3rd. Finally, TheStreet downgraded shares of OneSpan from a “c-” rating to a “d+” rating in a research report on Monday, August 30th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $34.67.

In other news, CEO Steven Worth purchased 5,000 shares of OneSpan stock in a transaction dated Tuesday, August 10th. The stock was bought at an average price of $19.13 per share, with a total value of $95,650.00. Following the completion of the acquisition, the chief executive officer now owns 32,683 shares in the company, valued at approximately $625,225.79. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder T Kendall Hunt sold 12,788 shares of the business’s stock in a transaction on Tuesday, July 6th. The shares were sold at an average price of $25.04, for a total transaction of $320,211.52. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 20,000 shares of company stock valued at $374,250 and sold 117,426 shares valued at $2,556,519. Insiders own 19.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of OneSpan by 0.7% during the second quarter. BlackRock Inc. now owns 5,416,845 shares of the company’s stock valued at $138,347,000 after acquiring an additional 38,323 shares during the period. Legion Partners Asset Management LLC raised its stake in shares of OneSpan by 0.3% during the second quarter. Legion Partners Asset Management LLC now owns 2,783,529 shares of the company’s stock valued at $71,091,000 after purchasing an additional 7,683 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of OneSpan by 6.5% during the first quarter. Allianz Asset Management GmbH now owns 1,672,433 shares of the company’s stock valued at $40,975,000 after purchasing an additional 101,841 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of OneSpan by 32.8% during the first quarter. Neuberger Berman Group LLC now owns 1,470,862 shares of the company’s stock valued at $35,731,000 after purchasing an additional 363,206 shares in the last quarter. Finally, State Street Corp raised its stake in shares of OneSpan by 12.6% during the second quarter. State Street Corp now owns 1,296,331 shares of the company’s stock valued at $33,108,000 after purchasing an additional 144,852 shares in the last quarter. 78.90% of the stock is owned by institutional investors.

OSPN stock traded up $0.03 on Friday, hitting $19.67. The company’s stock had a trading volume of 2,546,350 shares, compared to its average volume of 247,132. The stock has a market cap of $790.95 million, a price-to-earnings ratio of -40.98 and a beta of 0.56. The firm has a 50 day moving average of $21.16 and a two-hundred day moving average of $24.20. OneSpan has a 1 year low of $17.85 and a 1 year high of $29.17.

OneSpan Company Profile

OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.

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Earnings History and Estimates for OneSpan (NASDAQ:OSPN)

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