Magic Software Enterprises (MGIC) Projected to Post Earnings on Wednesday

Magic Software Enterprises (NASDAQ:MGIC) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Wednesday, August 13th. Analysts expect Magic Software Enterprises to post earnings of $0.24 per share for the quarter.

Magic Software Enterprises (NASDAQ:MGIC) last issued its quarterly earnings data on Wednesday, May 21st. The software maker reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $147.34 million during the quarter, compared to the consensus estimate of $143.80 million. Magic Software Enterprises had a return on equity of 15.62% and a net margin of 6.60%. On average, analysts expect Magic Software Enterprises to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Magic Software Enterprises Trading Down 2.2%

Shares of NASDAQ:MGIC opened at $19.52 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $19.22 and its 200 day moving average price is $15.54. The company has a market cap of $958.43 million, a PE ratio of 25.68 and a beta of 1.04. Magic Software Enterprises has a fifty-two week low of $10.01 and a fifty-two week high of $22.00.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Magic Software Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 24th.

Hedge Funds Weigh In On Magic Software Enterprises

A hedge fund recently raised its stake in Magic Software Enterprises stock. Jane Street Group LLC boosted its holdings in shares of Magic Software Enterprises Ltd. (NASDAQ:MGIC) by 126.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,028 shares of the software maker’s stock after acquiring an additional 17,887 shares during the quarter. Jane Street Group LLC owned 0.07% of Magic Software Enterprises worth $416,000 at the end of the most recent quarter. 24.70% of the stock is owned by institutional investors.

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.