QAD Inc. (QADA) to Issue Quarterly Dividend of $0.07
QAD Inc. (NASDAQ:QADA) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Stockholders of record on Tuesday, September 26th will be paid a dividend of 0.072 per share by the software maker on Tuesday, October 3rd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Monday, September 25th.
Shares of QAD (NASDAQ:QADA) traded down 0.817% on Thursday, hitting $33.375. 10,954 shares of the stock were exchanged. The company’s 50 day moving average is $31.87 and its 200-day moving average is $30.45. QAD has a 52-week low of $20.81 and a 52-week high of $34.20. The stock’s market cap is $641.33 million.
QAD (NASDAQ:QADA) last issued its quarterly earnings results 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 business had revenue of $76.00 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 0.47%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. Analysts predict that QAD will post $0.32 EPS for the current fiscal year.
QADA has been the topic of several research reports. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, July 26th. Canaccord Genuity increased their price target on shares of QAD from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. ValuEngine raised shares of QAD from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of QAD from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, William Blair reissued an “outperform” rating on shares of QAD in a research report on Wednesday, June 28th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $34.25.
ILLEGAL ACTIVITY WARNING: “QAD Inc. (QADA) to Issue Quarterly Dividend of $0.07” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/14/qad-inc-qada-to-issue-quarterly-dividend-of-0-07.html.
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.
Receive News & Ratings for QAD Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QAD Inc. and related companies with MarketBeat.com's FREE daily email newsletter.