OneSpan (OSPN) Set to Announce Quarterly Earnings on Thursday

OneSpan (NASDAQ:OSPN) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.21 per share for the quarter. OneSpan has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

OneSpan (NASDAQ:OSPN) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.17. OneSpan had a negative return on equity of 6.43% and a negative net margin of 12.68%. The firm had revenue of $62.93 million during the quarter. On average, analysts expect OneSpan to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OneSpan Stock Down 0.7 %

Shares of NASDAQ:OSPN opened at $10.82 on Wednesday. OneSpan has a 52-week low of $7.64 and a 52-week high of $17.20. The stock has a market cap of $409.54 million, a price-to-earnings ratio of -14.73 and a beta of 0.80. The business has a 50-day moving average price of $10.50 and a 200-day moving average price of $10.14.

Insider Activity at OneSpan

In related news, Director Michael J. Mcconnell purchased 5,000 shares of OneSpan stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $9.83 per share, for a total transaction of $49,150.00. Following the completion of the transaction, the director now owns 73,849 shares in the company, valued at $725,935.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OSPN. Sidoti cut OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 price target for the company. in a research report on Tuesday, April 2nd. StockNews.com cut OneSpan from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

About OneSpan

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.