Magic Software Enterprises (NASDAQ:MGIC) Releases Earnings Results, Misses Expectations By $0.01 EPS

Magic Software Enterprises (NASDAQ:MGIC) posted its quarterly earnings data on Tuesday. The software maker reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01), Zacks reports. The firm 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%. Magic Software Enterprises updated its FY 2025 guidance to EPS.

Magic Software Enterprises Trading Up 4.5 %

NASDAQ:MGIC opened at $13.99 on Thursday. Magic Software Enterprises has a 12 month low of $9.51 and a 12 month high of $14.04. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $686.90 million, a price-to-earnings ratio of 19.99 and a beta of 1.11. The firm has a fifty day simple moving average of $12.58 and a two-hundred day simple moving average of $11.84.

Analyst Ratings Changes

MGIC has been the subject of a number of recent analyst reports. StockNews.com downgraded Magic Software Enterprises from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. Barclays raised their target price on Magic Software Enterprises from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Finally, William Blair lowered Magic Software Enterprises from an “outperform” rating to a “market perform” rating in a research note on Wednesday.

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.