OneSpan (OSPN) Expected to Announce Quarterly Earnings on Thursday

OneSpan (NASDAQ:OSPN) is anticipated to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

OneSpan Price Performance

NASDAQ:OSPN opened at $18.81 on Thursday. The business has a 50 day moving average of $19.00 and a 200 day moving average of $17.16. The company has a market capitalization of $714.59 million, a price-to-earnings ratio of 25.42 and a beta of 0.77. OneSpan has a 1-year low of $9.22 and a 1-year high of $20.36.

OneSpan Dividend Announcement

The company also recently announced a — dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.12 dividend. The ex-dividend date was Friday, January 31st. OneSpan’s payout ratio is 64.86%.

Insider Activity

In other news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the transaction, the director now directly owns 20,849 shares of the company’s stock, valued at approximately $385,914.99. The trade was a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

OSPN has been the topic of a number of analyst reports. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $19.00 in a research note on Thursday, October 31st. StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Finally, Rosenblatt Securities lifted their price target on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, OneSpan presently has a consensus rating of “Buy” and a consensus price target of $17.63.

About OneSpan

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.