Is Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Latest Stock Performance Being Led By Its Strong Fundamentals? [Yahoo! Finance]
Magic Software Enterprises Ltd. - Ordinary Shares (MGIC)
Last magic software enterprises ltd. - ordinary shares earnings: 3/9 07:18 am
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US:NASDAQ Investor Relations:
magicsoftware.com/investor-relations
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Source: Yahoo! Finance
Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Magic Software Enterprises' ROE. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. See our latest analysis for Magic Software Enterprises How Is ROE Calculated? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Magic Software Enterprises is: 14% = US$41m ÷ US$296m (Based on the trailing twelve months to March 2024). The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.14 in profit.
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- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat