Analysts Anticipate QAD Inc. (QADA) Will Announce Earnings of $0.08 Per Share
Analysts expect that QAD Inc. (NASDAQ:QADA) will announce $0.08 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for QAD’s earnings. QAD posted earnings per share of $0.15 in the same quarter last year, which would suggest a negative year-over-year growth rate of 46.7%. The business is expected to report its next earnings results on Tuesday, November 28th.
According to Zacks, analysts expect that QAD will report full year earnings of $0.32 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.33. For the next year, analysts forecast that the company will post earnings of $0.45 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow QAD.
QAD (NASDAQ:QADA) last announced its quarterly earnings data on Friday, August 25th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. The company had revenue of $76 million for the quarter, compared to analysts’ expectations of $72.16 million. QAD had a negative net margin of 5.98% and a negative return on equity of 0.46%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
QADA has been the subject of several recent research reports. Zacks Investment Research raised QAD from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, July 26th. ValuEngine raised QAD from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Canaccord Genuity boosted their price objective on QAD from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, August 28th. BidaskClub cut QAD from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, William Blair reissued an “outperform” rating on shares of QAD in a report on Wednesday, June 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. QAD presently has an average rating of “Buy” and an average price target of $34.25.
A number of large investors have recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in QAD by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 10,799 shares of the software maker’s stock worth $346,000 after purchasing an additional 90 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of QAD by 0.8% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 12,566 shares of the software maker’s stock valued at $402,000 after acquiring an additional 100 shares during the last quarter. American International Group Inc. increased its stake in shares of QAD by 7.0% in the 1st quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock valued at $161,000 after acquiring an additional 378 shares during the last quarter. Bank of America Corp DE increased its stake in shares of QAD by 0.7% in the 1st quarter. Bank of America Corp DE now owns 62,560 shares of the software maker’s stock valued at $1,742,000 after acquiring an additional 450 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of QAD by 10.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock valued at $256,000 after acquiring an additional 786 shares during the last quarter. 53.06% of the stock is owned by hedge funds and other institutional investors.
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Shares of QAD (NASDAQ:QADA) traded down 0.30% during trading on Friday, hitting $33.15. 25,714 shares of the stock traded hands. The company has a 50 day moving average of $31.73 and a 200-day moving average of $30.36. QAD has a 1-year low of $20.81 and a 1-year high of $34.05. The company’s market cap is $633.99 million.
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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