Brokerages Anticipate Qualys, Inc. (QLYS) Will Announce Earnings of $0.22 Per Share
Analysts forecast that Qualys, Inc. (NASDAQ:QLYS) will announce earnings per share (EPS) of $0.22 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Qualys’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.22. Qualys also posted earnings of $0.22 per share in the same quarter last year. The business is expected to report its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Qualys will report full-year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.89 to $0.91. For the next financial year, analysts expect that the business will report earnings of $1.03 per share, with EPS estimates ranging from $0.97 to $1.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Qualys.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The firm had revenue of $55.30 million for the quarter, compared to analysts’ expectations of $54.87 million. During the same period in the previous year, the company posted $0.20 earnings per share. Qualys’s revenue was up 14.3% compared to the same quarter last year.
A number of equities research analysts recently weighed in on the company. Imperial Capital reissued an “outperform” rating and set a $50.00 target price (up from $46.00) on shares of Qualys in a research report on Wednesday, August 9th. J P Morgan Chase & Co upgraded Qualys from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $55.00 in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Qualys from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $45.00 target price on shares of Qualys in a research note on Monday, July 31st. Finally, Robert W. Baird set a $42.00 target price on Qualys and gave the stock a “hold” rating in a research report on Sunday, July 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Qualys presently has an average rating of “Hold” and an average price target of $45.45.
In related news, VP Bruce K. Posey sold 11,000 shares of Qualys stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $46.32, for a total value of $509,520.00. Following the sale, the vice president now owns 34,495 shares of the company’s stock, valued at approximately $1,597,808.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sumedh S. Thakar sold 1,800 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $40.67, for a total value of $73,206.00. Following the completion of the sale, the insider now owns 138,631 shares in the company, valued at approximately $5,638,122.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,708 shares of company stock worth $3,094,554. Insiders own 30.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Qualys in the second quarter valued at approximately $103,000. Ameritas Investment Partners Inc. lifted its position in shares of Qualys by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after purchasing an additional 408 shares in the last quarter. US Bancorp DE lifted its position in shares of Qualys by 448.8% in the first quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock worth $142,000 after purchasing an additional 3,061 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Qualys by 131.6% in the first quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock worth $146,000 after purchasing an additional 2,186 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its position in shares of Qualys by 2.9% in the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock worth $161,000 after purchasing an additional 110 shares in the last quarter. 73.57% of the stock is owned by institutional investors.
Shares of Qualys (NASDAQ QLYS) traded down 0.09% during mid-day trading on Wednesday, reaching $52.95. The company had a trading volume of 34,691 shares. The company’s 50-day moving average is $49.15 and its 200 day moving average is $42.67. The stock has a market capitalization of $1.99 billion, a P/E ratio of 51.81 and a beta of 0.91. Qualys has a 52-week low of $30.60 and a 52-week high of $53.55.
Qualys Company Profile
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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