Open Text (OTEX) Expected to Announce Quarterly Earnings on Thursday

Open Text (NASDAQ:OTEXGet Free Report) (TSE:OTC) is expected to be releasing its Q4 2026 results after the market closes on Thursday, August 6th. Analysts expect Open Text to announce earnings of $1.02 per share and revenue of $1.2933 billion for the quarter. Parties can find conference call details on the company’s upcoming Q4 2026 earning summary page for the latest details on the call scheduled for Thursday, August 6, 2026 at 8:00 AM ET.

Open Text (NASDAQ:OTEXGet Free Report) (TSE:OTC) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. Open Text had a return on equity of 24.77% and a net margin of 9.91%.The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts expect Open Text to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Open Text Trading Up 3.0%

Shares of NASDAQ:OTEX opened at $26.11 on Tuesday. The business’s 50-day moving average is $22.87 and its 200 day moving average is $23.71. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.94 and a quick ratio of 0.94. Open Text has a 1 year low of $19.77 and a 1 year high of $39.90. The firm has a market capitalization of $6.32 billion, a P/E ratio of 12.74 and a beta of 1.04.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group set a $25.00 price objective on shares of Open Text in a report on Friday, May 8th. Scotia lowered their target price on shares of Open Text from $50.00 to $40.00 and set a “sector outperform” rating for the company in a research note on Friday, May 8th. Citigroup dropped their target price on shares of Open Text from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Royal Bank Of Canada decreased their price target on shares of Open Text from $30.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Open Text in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.67.

Read Our Latest Report on Open Text

Institutional Trading of Open Text

Hedge funds and other institutional investors have recently made changes to their positions in the business. FIL Ltd boosted its holdings in Open Text by 5.7% in the fourth quarter. FIL Ltd now owns 12,155,000 shares of the software maker’s stock valued at $395,853,000 after purchasing an additional 655,000 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Open Text by 27.3% during the 4th quarter. First Trust Advisors LP now owns 11,493,714 shares of the software maker’s stock valued at $374,394,000 after buying an additional 2,466,264 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Open Text by 11.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 10,734,420 shares of the software maker’s stock valued at $349,978,000 after buying an additional 1,122,320 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Open Text by 28.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,340,334 shares of the software maker’s stock worth $108,833,000 after buying an additional 747,756 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Open Text by 76.8% during the fourth quarter. Morgan Stanley now owns 2,884,381 shares of the software maker’s stock worth $93,973,000 after acquiring an additional 1,253,405 shares during the period. Institutional investors and hedge funds own 70.37% of the company’s stock.

Open Text Company Profile

(Get Free Report)

Open Text Corporation is a Canadian enterprise information management (EIM) software company that develops solutions for organizations seeking to manage, protect and extract insight from their unstructured and structured data. The company’s platform encompasses document management, records management, digital asset management and archiving, enabling companies to govern information across its lifecycle.

Open Text’s product suite includes content services, business process management, customer experience management, analytics and security products.

See Also

Earnings History for Open Text (NASDAQ:OTEX)

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