Unisys Corporation (UIS) Posts Quarterly Earnings Results, Beats Estimates By $0.87 EPS
Unisys Corporation (NYSE:UIS) posted its earnings results on Monday. The information technology services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.87, Bloomberg Earnings reports. The firm had revenue of $666.30 million during the quarter, compared to analyst estimates of $637.10 million. Unisys Corporation had a negative net margin of 3.81% and a negative return on equity of 5.94%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS.
Shares of Unisys Corporation (NYSE UIS) traded down 2.33% during midday trading on Monday, reaching $8.40. 544,903 shares of the company traded hands. The stock’s market capitalization is $423.94 million. The stock’s 50-day moving average is $8.54 and its 200-day moving average is $10.52. Unisys Corporation has a 1-year low of $6.90 and a 1-year high of $16.70.
Several research firms have recently weighed in on UIS. BidaskClub lowered shares of Unisys Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. SunTrust Banks, Inc. set a $15.00 target price on shares of Unisys Corporation and gave the company a “buy” rating in a report on Wednesday, August 2nd. ValuEngine lowered shares of Unisys Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of Unisys Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Unisys Corporation presently has an average rating of “Hold” and an average price target of $15.00.
Unisys Corporation Company Profile
Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.
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