Zacks: Analysts Expect Onespan Inc (NASDAQ:OSPN) to Post $0.14 Earnings Per Share

Equities analysts expect Onespan Inc (NASDAQ:OSPN) to post earnings per share (EPS) of $0.14 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Onespan’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.16. Onespan posted earnings of $0.04 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 250%. The company is scheduled to report its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Onespan will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.32 to $0.45. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.62 per share, with EPS estimates ranging from $0.56 to $0.67. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Onespan.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). Onespan had a positive return on equity of 2.45% and a negative net margin of 2.30%. The firm had revenue of $56.20 million during the quarter, compared to the consensus estimate of $56.29 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis.

Several equities analysts have commented on OSPN shares. ValuEngine cut Onespan from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. B. Riley started coverage on Onespan in a report on Tuesday, June 25th. They issued a “buy” rating and a $22.00 price target for the company. Wedbush reaffirmed a “hold” rating and issued a $17.00 price target on shares of Onespan in a report on Friday, July 26th. TheStreet cut Onespan from a “b-” rating to a “c” rating in a report on Monday, April 29th. Finally, Zacks Investment Research cut Onespan from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Onespan currently has an average rating of “Hold” and a consensus target price of $20.20.

Shares of OSPN traded down $0.08 during trading hours on Thursday, hitting $13.83. 3,156 shares of the company were exchanged, compared to its average volume of 186,385. The company has a market cap of $544.93 million, a PE ratio of 38.44, a PEG ratio of 3.78 and a beta of 2.12. The firm’s 50 day moving average is $14.29 and its 200-day moving average is $16.24. Onespan has a 52 week low of $11.41 and a 52 week high of $21.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.56 and a current ratio of 2.88.

In other news, Director T Kendall Hunt sold 34,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $14.33, for a total value of $487,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Clements bought 3,550 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average cost of $14.14 per share, with a total value of $50,197.00. The disclosure for this purchase can be found here. Corporate insiders own 19.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Factorial Partners LLC grew its holdings in shares of Onespan by 5.4% in the 2nd quarter. Factorial Partners LLC now owns 23,600 shares of the company’s stock valued at $334,000 after acquiring an additional 1,200 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Onespan by 2.9% in the 2nd quarter. Essex Investment Management Co. LLC now owns 78,090 shares of the company’s stock valued at $1,107,000 after acquiring an additional 2,215 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Onespan in the 2nd quarter valued at about $2,260,000. Morgan Stanley grew its holdings in shares of Onespan by 53.1% in the 2nd quarter. Morgan Stanley now owns 155,714 shares of the company’s stock valued at $2,207,000 after acquiring an additional 54,002 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Onespan by 29.4% in the 2nd quarter. AQR Capital Management LLC now owns 264,886 shares of the company’s stock valued at $3,753,000 after acquiring an additional 60,111 shares in the last quarter. 66.55% of the stock is owned by institutional investors and hedge funds.

About Onespan

OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.

Featured Story: When can a hold rating present a buying opportunity?

Get a free copy of the Zacks research report on Onespan (OSPN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Onespan (NASDAQ:OSPN)

Receive News & Ratings for Onespan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Onespan and related companies with MarketBeat.com's FREE daily email newsletter.