Open Text (NASDAQ:OTEX) (TSE:OTC) will post its quarterly earnings results after the market closes on Thursday, May 6th. Analysts expect Open Text to post earnings of $0.67 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Open Text (NASDAQ:OTEX) (TSE:OTC) last issued its quarterly earnings data on Thursday, February 4th. The software maker reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.07. Open Text had a net margin of 8.18% and a return on equity of 14.39%. The business had revenue of $855.64 million during the quarter, compared to the consensus estimate of $814.00 million. On average, analysts expect Open Text to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of OTEX stock opened at $47.33 on Wednesday. Open Text has a 52-week low of $36.18 and a 52-week high of $50.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50-day simple moving average of $48.54 and a two-hundred day simple moving average of $45.60. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 48.30 and a beta of 0.89.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 5th were given a $0.2008 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.70%. This is an increase from Open Text’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, March 4th. Open Text’s dividend payout ratio is presently 28.57%.
A number of equities research analysts have issued reports on the stock. National Bank Financial upped their price objective on shares of Open Text from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 5th. Barclays upped their price objective on shares of Open Text from $51.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 5th. Raymond James upped their price objective on shares of Open Text from $55.00 to $59.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 20th. TD Securities increased their target price on shares of Open Text from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, February 5th. Finally, Zacks Investment Research downgraded shares of Open Text from a “buy” rating to a “hold” rating in a research report on Thursday, April 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $55.63.
About Open Text
Open Text Corporation provides a suite of software products and services. The company offers content services; business network that manages and connects data within the organization; Cyber Resilience, a solution for defending against cyber threats and preparing for business continuity and response in the event of a breach; OpenText security solutions that addresses information security and digital investigations; AI and analytics that leverages structured or unstructured data; and OpenText Information Management software platform that provides multi-level, multi-role, and multi context security information platforms.
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