Magic Software Enterprises (MGIC) to Release Quarterly Earnings on Thursday

Magic Software Enterprises (NASDAQ:MGIC) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 15th. Analysts expect the company to announce 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) last released its quarterly earnings data on Tuesday, March 11th. The software maker reported $0.24 earnings per share (EPS) 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 company had revenue of $142.58 million for the quarter, compared to the consensus estimate 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 Price Performance

MGIC stock opened at $14.43 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.76 and a current ratio of 1.76. The company’s fifty day moving average price is $13.40 and its 200-day moving average price is $12.55. Magic Software Enterprises has a one year low of $9.51 and a one year high of $14.50. The company has a market capitalization of $708.50 million, a PE ratio of 20.61 and a beta of 0.99.

Magic Software Enterprises Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, May 7th. Shareholders of record on Tuesday, April 22nd were issued a $0.327 dividend. This is an increase from Magic Software Enterprises’s previous semi-annual dividend of $0.24. This represents a yield of 4.6%. The ex-dividend date was Tuesday, April 22nd. Magic Software Enterprises’s payout ratio is currently 86.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MGIC. StockNews.com upgraded Magic Software Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 13th. William Blair cut Magic Software Enterprises from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 12th. Finally, Barclays upped their price objective on Magic Software Enterprises from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th.

About Magic Software Enterprises

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.