Brokers Offer Predictions for Unisys Corporation’s FY2017 Earnings (UIS)
Unisys Corporation (NYSE:UIS) – Equities researchers at SunTrust Banks lowered their FY2017 earnings per share estimates for Unisys Corporation in a research report issued on Tuesday. SunTrust Banks analyst F. Atkins now anticipates that the information technology services provider will earn $1.39 per share for the year, down from their previous forecast of $1.47. SunTrust Banks has a “Buy” rating and a $15.00 price objective on the stock. SunTrust Banks also issued estimates for Unisys Corporation’s Q4 2017 earnings at $0.78 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.54 EPS and FY2018 earnings at $1.92 EPS.
Unisys Corporation (NYSE:UIS) last posted its quarterly earnings data on Monday, October 30th. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.87. The firm had revenue of $666.30 million for the quarter, compared to the consensus estimate of $637.10 million. Unisys Corporation had a negative return on equity of 5.33% and a negative net margin of 4.30%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS.
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Several other equities analysts have also recently issued reports on UIS. Loop Capital decreased their price target on Unisys Corporation from $12.00 to $9.00 and set a “hold” rating on the stock in a report on Tuesday. ValuEngine upgraded Unisys Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. BidaskClub cut Unisys Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Unisys Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.00.
Large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp acquired a new position in Unisys Corporation in the second quarter valued at about $141,000. Cigna Investments Inc. New acquired a new position in Unisys Corporation in the second quarter valued at about $148,000. Bayesian Capital Management LP acquired a new position in Unisys Corporation in the second quarter valued at about $157,000. Legal & General Group Plc lifted its stake in Unisys Corporation by 7.1% in the first quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock valued at $175,000 after buying an additional 821 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in Unisys Corporation by 117.6% in the second quarter. BNP Paribas Arbitrage SA now owns 19,142 shares of the information technology services provider’s stock valued at $245,000 after buying an additional 10,345 shares during the period.
About Unisys Corporation
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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