Mitek Systems (MITK) Scheduled to Post Quarterly Earnings on Thursday

Mitek Systems (NASDAQ:MITK) will be announcing its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Mitek Systems has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Mitek Systems (NASDAQ:MITK) last issued its earnings results on Monday, May 13th. The software maker reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). Mitek Systems had a positive return on equity of 11.71% and a negative net margin of 4.49%. The firm had revenue of $46.97 million during the quarter, compared to analyst estimates of $46.49 million. 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 Trading Down 4.3 %

NASDAQ:MITK opened at $11.01 on Wednesday. Mitek Systems has a 12-month low of $9.47 and a 12-month high of $16.24. The firm has a market capitalization of $515.17 million, a P/E ratio of -68.81 and a beta of 1.09. The company has a debt-to-equity ratio of 0.65, a current ratio of 4.27 and a quick ratio of 4.27. The business has a 50 day simple moving average of $11.84 and a 200 day simple moving average of $12.46.

Insider Transactions at Mitek Systems

In related news, insider Scipio Maximus Carnecchia 100,000 shares of Mitek Systems stock in a transaction that occurred on Monday, July 29th. The was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Scipio Maximus Carnecchia 100,000 shares of the business’s stock in a transaction dated Monday, July 29th. The was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher H. Briggs sold 24,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $11.10, for a total value of $266,400.00. Following the sale, the senior vice president now directly owns 68,673 shares in the company, valued at $762,270.30. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MITK. Craig Hallum boosted their price objective on Mitek Systems from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. StockNews.com upgraded Mitek Systems from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Finally, HC Wainwright restated a “buy” rating and set a $19.00 price objective on shares of Mitek Systems in a research report on Tuesday, May 14th.

About Mitek Systems

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.