Open Text (OTEX) to Release Quarterly Earnings on Thursday

Open Text (NASDAQ:OTEX - Get Free Report) TSE: OTC is projected to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.92 per share and revenue of $1.32 billion for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Open Text (NASDAQ:OTEX - Get Free Report) TSE: OTC last announced its earnings results on Thursday, February 6th. The software maker reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.10. Open Text had a net margin of 8.35% and a return on equity of 24.34%. On average, analysts expect Open Text to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Open Text Stock Down 5.7 %

Shares of OTEX traded down $1.67 during mid-day trading on Friday, reaching $27.86. The company had a trading volume of 1,545,806 shares, compared to its average volume of 627,684. Open Text has a 52 week low of $26.84 and a 52 week high of $42.17. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 16.10 and a beta of 1.12. The firm has a 50-day moving average price of $28.90 and a 200 day moving average price of $30.64.

Open Text Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 3.77%. This is an increase from Open Text's previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 7th. Open Text's payout ratio is 60.69%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OTEX. UBS Group assumed coverage on Open Text in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $32.00 price target for the company. Royal Bank of Canada dropped their target price on shares of Open Text from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research note on Friday. BMO Capital Markets cut their price target on shares of Open Text from $33.00 to $32.00 and set a "market perform" rating on the stock in a report on Friday, November 1st. Barclays boosted their price objective on shares of Open Text from $34.00 to $36.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, TD Securities reduced their target price on Open Text from $40.00 to $38.00 and set a "buy" rating for the company in a report on Monday. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Open Text has a consensus rating of "Hold" and an average target price of $35.45.

Open Text Company Profile

Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.