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

Magic Software Enterprises (NASDAQ:MGIC) is projected to announce its Q1 2025 earnings results 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 announced its quarterly earnings results on Tuesday, March 11th. The software maker reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $142.58 million for the quarter, compared to analyst estimates of $137.00 million. Magic Software Enterprises had a return on equity of 15.42% and a net margin of 6.49%. 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

Shares of MGIC opened at $15.20 on Wednesday. Magic Software Enterprises has a one year low of $9.51 and a one year high of $15.32. The stock’s fifty day moving average is $13.40 and its 200-day moving average is $12.55. 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 firm has a market capitalization of $746.30 million, a price-to-earnings ratio of 21.71 and a beta of 0.99.

Magic Software Enterprises Increases Dividend

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

Analyst Ratings Changes

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

Magic Software Enterprises Company Profile

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.