Mitek Systems (MITK) Set to Announce Earnings on Friday

Mitek Systems (NASDAQ:MITK) is scheduled to post its quarterly earnings results after the market closes on Friday, May 10th. Analysts expect Mitek Systems to post earnings of $0.27 per share for the quarter.

Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings data on Monday, April 15th. The software maker reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $36.92 million for the quarter. Mitek Systems had a negative net margin of 1.97% and a positive return on equity of 13.13%. On average, analysts expect Mitek Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mitek Systems Price Performance

NASDAQ:MITK opened at $13.38 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.70 and a quick ratio of 4.70. Mitek Systems has a one year low of $9.02 and a one year high of $16.24. The company has a fifty day moving average price of $12.93 and a 200 day moving average price of $12.18. The stock has a market cap of $626.06 million, a P/E ratio of -191.14 and a beta of 1.12.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MITK shares. StockNews.com upgraded shares of Mitek Systems from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. HC Wainwright restated a “buy” rating and set a $19.00 price objective on shares of Mitek Systems in a report on Tuesday, April 16th. Finally, Craig Hallum boosted their price objective on shares of Mitek Systems from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th.

Mitek Systems Company Profile

Mitek Systems, Inc provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion.