Zacks: Brokerages Expect OneSpan Inc. (NASDAQ:OSPN) Will Post Earnings of -$0.10 Per Share

Brokerages forecast that OneSpan Inc. (NASDAQ:OSPNGet Rating) will report earnings per share (EPS) of ($0.10) for the current quarter, Zacks reports. Zero analysts have issued estimates for OneSpan’s earnings. OneSpan posted earnings per share of ($0.04) in the same quarter last year, which indicates a negative year over year growth rate of 150%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that OneSpan will report full year earnings of ($0.14) per share for the current financial year. For the next fiscal year, analysts forecast that the company will post earnings of ($0.08) per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover OneSpan.

OneSpan (NASDAQ:OSPNGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.05. The business had revenue of $52.45 million for the quarter, compared to analysts’ expectations of $51.99 million. OneSpan had a negative net margin of 7.50% and a negative return on equity of 7.90%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.23) EPS.

A number of research firms have recently weighed in on OSPN. Zacks Investment Research upgraded shares of OneSpan from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. DA Davidson reduced their target price on shares of OneSpan from $32.00 to $23.00 in a report on Wednesday, February 23rd. StockNews.com began coverage on shares of OneSpan in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Craig Hallum began coverage on shares of OneSpan in a report on Wednesday, February 2nd. They issued a “buy” rating and a $28.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, OneSpan currently has a consensus rating of “Hold” and a consensus price target of $27.00.

OSPN stock traded down $0.20 during mid-day trading on Tuesday, hitting $11.05. The company had a trading volume of 1,943 shares, compared to its average volume of 267,245. The firm’s 50-day moving average price is $14.03. OneSpan has a 12-month low of $10.89 and a 12-month high of $27.30. The company has a market capitalization of $442.23 million, a P/E ratio of -26.95 and a beta of 0.61.

Large investors have recently modified their holdings of the stock. Selective Wealth Management Inc. bought a new position in OneSpan during the 1st quarter valued at about $29,000. Royal Bank of Canada grew its stake in OneSpan by 21.7% in the 3rd quarter. Royal Bank of Canada now owns 3,023 shares of the company’s stock worth $56,000 after acquiring an additional 539 shares in the last quarter. JBF Capital Inc. grew its stake in OneSpan by 100.0% in the 4th quarter. JBF Capital Inc. now owns 8,000 shares of the company’s stock worth $135,000 after acquiring an additional 4,000 shares in the last quarter. Cornerstone Investment Partners LLC bought a new position in OneSpan in the 4th quarter worth about $182,000. Finally, Caxton Associates LP bought a new position in OneSpan in the 3rd quarter worth about $205,000. Institutional investors own 89.50% of the company’s stock.

OneSpan Company Profile (Get Rating)

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity 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 signing, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.

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