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

Mitek Systems (NASDAQ:MITK) will be issuing its quarterly earnings data after the market closes on Friday, May 10th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings results on Monday, April 15th. The software maker reported $0.08 earnings per share for the quarter. The company 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 Trading Up 1.0 %

Shares of NASDAQ MITK opened at $13.52 on Thursday. The company’s fifty day moving average is $12.93 and its 200-day moving average is $12.18. The stock has a market cap of $632.61 million, a price-to-earnings ratio of -191.14 and a beta of 1.12. Mitek Systems has a twelve month low of $9.28 and a twelve month high of $16.24. The company has a quick ratio of 4.70, a current ratio of 4.70 and a debt-to-equity ratio of 0.64.

Analysts Set New Price Targets

MITK has been the topic of several research reports. Craig Hallum boosted their price objective on shares of Mitek Systems from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. HC Wainwright reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Mitek Systems in a research report on Tuesday, April 16th. Finally, StockNews.com raised shares of Mitek Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th.

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.