OneSpan (OSPN) Scheduled to Post Quarterly Earnings on Thursday

OneSpan (NASDAQ:OSPN) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect OneSpan to post earnings of $0.21 per share for the quarter. OneSpan has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings 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, beating the consensus estimate of ($0.05) by $0.17. OneSpan had a negative return on equity of 6.43% and a negative net margin of 12.68%. The company had revenue of $62.93 million during the quarter. 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 %

NASDAQ:OSPN opened at $10.99 on Thursday. The firm has a fifty day simple moving average of $10.44 and a 200 day simple moving average of $10.12. OneSpan has a 1-year low of $7.64 and a 1-year high of $17.20. The stock has a market capitalization of $415.31 million, a PE ratio of -14.85 and a beta of 0.80.

Insider Buying and Selling at OneSpan

In related news, Director Michael J. Mcconnell acquired 5,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $9.83 per share, for a total transaction of $49,150.00. Following the completion of the acquisition, the director now directly owns 73,849 shares in the company, valued at $725,935.67. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OSPN. Sidoti downgraded shares of OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research report on Tuesday, April 2nd. StockNews.com upgraded OneSpan from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th.

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.