Mitek Systems (MITK) to Release Quarterly Earnings on Friday

Mitek Systems (NASDAQ:MITK) is set to announce its earnings results 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 posted its quarterly earnings data on Monday, April 15th. The software maker reported $0.08 EPS for the quarter. Mitek Systems had a positive return on equity of 13.13% and a negative net margin of 1.97%. The firm 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 Stock Up 1.0 %

NASDAQ MITK opened at $13.52 on Thursday. Mitek Systems has a one year low of $9.28 and a one year high of $16.24. The company has a market cap of $632.61 million, a P/E ratio of -191.14 and a beta of 1.12. The business has a fifty day moving average price of $12.93 and a 200 day moving average price 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MITK. Craig Hallum lifted their price objective on Mitek Systems from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. StockNews.com raised Mitek Systems from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. Finally, HC Wainwright reissued a “buy” rating and issued a $19.00 target price on shares of Mitek Systems 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.