Second Quarter 2024 Net Income of $204.2 million or $0.77 per Diluted Share Second Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $204.9 million or $0.77 per Diluted Share MILWAUKEE, July 31, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the second quarter of 2024. Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "I am pleased to report we again delivered a solid quarter of financial results. We cont ...

Company Overview - MGIC Investment Corporation is the principal subsidiary of Mortgage Guaranty Insurance Corporation, providing private mortgage insurance to lenders across the United States, facilitating affordable low-down-payment mortgages for families [1]. Dividend Announcement - MGIC Investment Corporation's Board of Directors declared a quarterly cash dividend of $0.13 per share, marking a 13% increase from the previous dividend of $0.115 per share [3]. - The upcoming dividend will be payable on August 22, 2024, to shareholders of record as of August 8, 2024 [3].

Company Overview - Magic Software Enterprises Ltd. is a global provider of IT consulting services and end-to-end integration and low-code application development platforms, with 40 years of experience and millions of installations worldwide [3][5] - The company has strategic alliances with global IT leaders and operates in 50 countries, enabling customers to adopt new technologies and maximize business opportunities [3] Financial Reporting - Magic Software will report its financial results for the second quarter of 2024 on Wednesday, August 14th, 2024 [5] - A conference call will be hosted on the same day at 10:30 a.m. Eastern Daylight Time to discuss the results [1][5] Communication and Accessibility - A replay of the conference call will be available on the company's website for those unable to join live [2] - For more information, interested parties can visit the company's website at www.magicsoftware.com [6]

Core Viewpoint - Magic Software Enterprises Ltd. will report its financial results for the second quarter of 2024 on August 14, 2024, and will host a conference call to discuss these results [1][5]. Company Overview - Magic Software Enterprises Ltd. is a global provider of IT consulting services, specializing in end-to-end integration and low-code application development platforms, with 40 years of experience and millions of installations worldwide [3]. - The company has strategic alliances with global IT leaders and operates in 50 countries, focusing on helping customers adopt new technologies and maximize business opportunities [3]. Financial Reporting - The financial results for the second quarter of 2024 will be available on August 14, 2024, with a conference call scheduled for 10:30 a.m. Eastern Daylight Time [1][5]. - A replay of the call will be accessible on the company's website for those unable to join live [2].

MILWAUKEE, July 1, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its second quarter 2024 financial results after the market closes on Wednesday, July 31, 2024. A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Thursday, August 1, 2024, to discuss the Company's results for the quarter ended June 30, 2024. Individuals interested in joining by telephone should register for the call "here" to receive the dial-in number and unique PIN to acc ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Magic Software (MGIC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Within the past quarter, the Zacks Consensus Estimate for MGIC's full ...

Core Insights - The article emphasizes the importance of the Zacks Rank and Style Scores system in identifying strong stocks, particularly focusing on value investing strategies [1][2][3] Company Analysis - Magic Software Enterprises (MGIC) has a Zacks Rank of 2 (Buy) and an A grade for Value, indicating it is a high-quality value stock [4] - MGIC's current P/E ratio is 10.82, significantly lower than the industry average of 30.82, suggesting it may be undervalued [4] - Over the past year, MGIC's Forward P/E has fluctuated between 7.36 and 13.62, with a median of 10.82, indicating stable valuation metrics [4] - The company has a P/CF ratio of 9.16, which is also lower than the industry average of 21.75, further supporting the notion of undervaluation [5] - MGIC's P/CF has ranged from 6.61 to 11.27 over the past year, with a median of 9.18, reflecting a solid cash flow outlook [5] - Overall, MGIC is considered an impressive value stock due to its strong earnings outlook and favorable valuation metrics [6]

A downtrend has been apparent in Magic Software (MGIC) lately with too much selling pressure. The stock has declined 9.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...

Magic Software (MGIC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.52%. A quarter ago, it was expected that this business process integration software company would post earnings of $0.20 per share when it actually produced earnings of $0.24, delivering a surprise of 20%. Over t ...