According to Zacks Investment Research, Magic Software Enterprises Ltd. (NASDAQ: MGIC) will report $0.19 as its 4th quarter earnings per share. Two analysts have shared their EPS estimates for this company till now.
For the corresponding quarter previous year, the company posted an EPS of $0.13. This suggests a positive yearly growth rate of 46.2%. Analysts expect Magic Software Enterprises Ltd. to post its Q4 earnings report on the 8th of March.
Further estimates from Zacks Investment Research suggest that Magic Software Enterprises Ltd. will report $0.74 EPS as its FY2020. In this case, analysts’ estimates range from $0.73 to $0.74. The company is expected to announce $0.80 as FY2021 EPS.
MGIC stocks traded at $15.61 this Monday. The company’s current market capitalization stands at $763.94 million. It has a positive PE ratio of 44.60 along with a beta of 1.29 at the moment. The 12-monthly high to low ranges from $18.35 to $6.31. The 50SMA (50 Days Simple Moving Average) stands at $16.79 and its 200SMA stands at $14.93.
NASDAQ: MGIC Stock Analysis
The company has recently been the subject of a lot of reports by equities analysts. Some such as Zacks Investment Research, William Blair, and so on have posted reports on this firm over the last few months. Zacks downgraded the rating of the company from an earlier “Buy” to a revised “Hold.” Others like William Blair reissued the rating of “Outperform” to MGIC stocks.
Magic Software Enterprises Ltd is a global enterprise software company headquartered in Or Yehuda, Israel. It is listed on the NASDAQ Global Select (NASDAQ: MGIC) and is also listed on the Tel Aviv Stock Exchange Index. The company provides services like business process integration, proprietary application development, IT (Information technologies), vertical software solutions, outsourcing software services and so on.
Several hedge funds and institutional investors have altered their shareholdings in this company recently. Among some of the notable ones are Menora Mivtachim Holdings LTD, BlackRock Inc., Acadian Asset Management LLC, and so on. All of these investors have increased their shareholdings in this firm recently.