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 results 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 for 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 NASDAQ MITK opened at $13.38 on Thursday. Mitek Systems has a 1 year low of $9.02 and a 1 year high of $16.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.70 and a quick ratio of 4.70. The company’s 50-day moving average is $12.93 and its 200 day moving average is $12.18. The stock has a market capitalization of $626.06 million, a P/E ratio of -191.14 and a beta of 1.12.

Analysts Set New Price Targets

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