Mitek Systems (MITK) Scheduled to Post Earnings on Friday

Mitek Systems (NASDAQ:MITK) is scheduled to be releasing its earnings data 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. Mitek Systems had a negative net margin of 1.97% and a positive return on equity of 13.13%. The company had revenue of $36.92 million during the quarter. 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

Shares of Mitek Systems stock opened at $13.42 on Thursday. Mitek Systems has a 52-week low of $9.28 and a 52-week high of $16.24. The stock has a market capitalization of $627.94 million, a price-to-earnings ratio of -191.14 and a beta of 1.12. The company has a fifty day moving average of $12.93 and a 200-day moving average of $12.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.70 and a current ratio of 4.70.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MITK. HC Wainwright reissued a “buy” rating and set a $19.00 price target on shares of Mitek Systems in a research report on Tuesday, April 16th. StockNews.com raised shares of Mitek Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th. Finally, Craig Hallum upped 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.

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.