OneSpan (OSPN) to Release Earnings on Thursday

OneSpan (NASDAQ:OSPN) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.21 per share for the quarter. OneSpan has set its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.17. The business had revenue of $62.93 million for the quarter. OneSpan had a negative net margin of 12.68% and a negative return on equity of 6.43%. On average, analysts expect OneSpan to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OneSpan Trading Up 2.6 %

Shares of NASDAQ OSPN opened at $10.99 on Thursday. The company’s 50-day moving average price is $10.44 and its 200 day moving average price is $10.12. OneSpan has a 52 week low of $7.64 and a 52 week high of $17.20. The stock has a market cap of $415.31 million, a price-to-earnings ratio of -14.85 and a beta of 0.80.

Insider Transactions at OneSpan

In other OneSpan news, Director Michael J. Mcconnell acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $9.83 per share, with a total value of $49,150.00. Following the completion of the transaction, the director now directly owns 73,849 shares of the company’s stock, valued at $725,935.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on OSPN shares. StockNews.com raised shares of OneSpan from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Sidoti lowered shares of OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Tuesday, April 2nd.

About OneSpan

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.