Unisys Corp. (UIS) Releases Quarterly Earnings, Beats Expectations By $1.31 EPS
Unisys Corp. (NYSE:UIS) posted its quarterly earnings results on Friday. The company reported $2.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.51 by $1.31, AR Network reports. The company had revenue of $996.00 million for the quarter, compared to the consensus estimate of $934.30 million.
On a related note, analysts at Susquehanna downgraded shares of Unisys Corp. from a “positive” rating to a “neutral” rating in a research note to investors on Friday, January 10th. They now have a $30.00 price target on the stock.
Shares of Unisys Corp. (NYSE:UIS) opened at 31.15 on Friday. Unisys Corp. has a 1-year low of $15.68 and a 1-year high of $34.78. The stock’s 50-day moving average is $32.4 and its 200-day moving average is $27.41. The company has a market cap of $1.368 billion and a P/E ratio of 23.65.
Unisys Corporation is a worldwide information technology (NYSE:UIS) company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.