Equities analysts expect QAD Inc. (NASDAQ:QADA) to report sales of $71.97 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for QAD’s earnings. The highest sales estimate is $72.04 million and the lowest is $71.90 million. QAD posted sales of $69.78 million in the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 24th.

On average, analysts expect that QAD will report full-year sales of $71.97 million for the current year, with estimates ranging from $291.03 million to $291.30 million. For the next fiscal year, analysts forecast that the firm will post sales of $306.00 million per share. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for QAD.

QAD (NASDAQ:QADA) last posted its quarterly earnings results on Thursday, May 25th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.13). The business had revenue of $71.40 million during the quarter, compared to analyst estimates of $68.54 million. QAD had a negative net margin of 5.49% and a positive return on equity of 1.22%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) earnings per share.

QADA has been the subject of several research analyst reports. ValuEngine upgraded QAD from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Sidoti initiated coverage on QAD in a research report on Wednesday, April 19th. They issued a “neutral” rating for the company. William Blair reiterated an “outperform” rating on shares of QAD in a research report on Wednesday, June 28th. Finally, BidaskClub lowered QAD from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.75.

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A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in QAD by 3.3% in the fourth quarter. State Street Corp now owns 191,706 shares of the software maker’s stock valued at $5,827,000 after buying an additional 6,110 shares during the last quarter. Two Sigma Investments LP boosted its stake in QAD by 24.1% in the fourth quarter. Two Sigma Investments LP now owns 45,277 shares of the software maker’s stock valued at $1,376,000 after buying an additional 8,800 shares during the last quarter. Nationwide Fund Advisors boosted its stake in QAD by 98.8% in the first quarter. Nationwide Fund Advisors now owns 24,548 shares of the software maker’s stock valued at $684,000 after buying an additional 12,199 shares during the last quarter. Acadian Asset Management LLC boosted its stake in QAD by 8.1% in the first quarter. Acadian Asset Management LLC now owns 109,867 shares of the software maker’s stock valued at $3,058,000 after buying an additional 8,269 shares during the last quarter. Finally, Strs Ohio boosted its stake in QAD by 61.0% in the first quarter. Strs Ohio now owns 19,000 shares of the software maker’s stock valued at $529,000 after buying an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors own 52.31% of the company’s stock.

QAD (QADA) traded down 0.65% during mid-day trading on Friday, hitting $30.40. 6,827 shares of the stock were exchanged. The stock’s market capitalization is $578.48 million. QAD has a 12-month low of $18.49 and a 12-month high of $33.40. The firm has a 50-day moving average price of $31.43 and a 200-day moving average price of $29.77.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Tuesday, June 27th were paid a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, June 23rd. QAD’s payout ratio is -34.12%.

About QAD

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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