Brokerages Expect QAD Inc. (QADA) Will Post Earnings of -$0.12 Per Share
Brokerages expect QAD Inc. (NASDAQ:QADA) to report earnings of ($0.12) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for QAD’s earnings. The lowest EPS estimate is ($0.16) and the highest is ($0.08). QAD posted earnings of $0.06 per share in the same quarter last year, which would indicate a negative year over year growth rate of 300%. The firm is expected to issue its next quarterly earnings results on Thursday, August 24th.
On average, analysts expect that QAD will report full year earnings of ($0.18) per share for the current fiscal year, with EPS estimates ranging from ($0.19) to ($0.17). For the next year, analysts expect that the company will report earnings of ($0.17) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover QAD.
QAD (NASDAQ:QADA) last released its quarterly earnings results on Thursday, May 25th. The software maker reported ($0.13) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.13). QAD had a negative net margin of 5.49% and a positive return on equity of 1.22%. The business had revenue of $71.40 million for the quarter, compared to analysts’ expectations of $68.54 million. During the same period last year, the business earned ($0.07) EPS. The company’s revenue was up 9.2% compared to the same quarter last year.
A number of brokerages have recently commented on QADA. ValuEngine raised QAD from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet downgraded QAD from a “b-” rating to a “c” rating in a report on Thursday, March 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $33.00 price target (up from $30.00) on shares of QAD in a report on Saturday, March 11th. Sidoti began coverage on QAD in a report on Wednesday, April 19th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price target (up from $30.00) on shares of QAD in a report on Friday, March 10th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. QAD currently has a consensus rating of “Buy” and an average target price of $32.75.
A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in shares of QAD by 111.1% in the first quarter. Goldman Sachs Group Inc. now owns 22,344 shares of the software maker’s stock worth $623,000 after buying an additional 11,760 shares during the period. Ranger Investment Management L.P. increased its position in shares of QAD by 26.4% in the first quarter. Ranger Investment Management L.P. now owns 53,700 shares of the software maker’s stock worth $1,496,000 after buying an additional 11,220 shares during the period. Divisar Capital Management LLC increased its position in shares of QAD by 24.0% in the first quarter. Divisar Capital Management LLC now owns 262,766 shares of the software maker’s stock worth $7,318,000 after buying an additional 50,796 shares during the period. Bank of America Corp DE increased its position in shares of QAD by 0.7% in the first quarter. Bank of America Corp DE now owns 62,560 shares of the software maker’s stock worth $1,742,000 after buying an additional 450 shares during the period. Finally, Rutabaga Capital Management LLC MA increased its position in shares of QAD by 2.0% in the first quarter. Rutabaga Capital Management LLC MA now owns 326,533 shares of the software maker’s stock worth $9,094,000 after buying an additional 6,250 shares during the period. 52.31% of the stock is owned by hedge funds and other institutional investors.
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QAD (NASDAQ QADA) traded down 0.64% during mid-day trading on Friday, hitting $30.95. 55,191 shares of the stock were exchanged. The company has a 50 day moving average of $31.21 and a 200 day moving average of $29.62. The firm’s market cap is $588.95 million. QAD has a 12-month low of $18.35 and a 12-month high of $33.40.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Tuesday, June 27th will be issued a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, June 23rd. QAD’s dividend payout ratio (DPR) is -34.12%.
QAD Company Profile
QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.
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