Unisys (NYSE:UIS) posted its earnings results on Thursday. The information technology services provider reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $1.02, Bloomberg Earnings reports. The company had revenue of $746.60 million during the quarter, compared to analyst estimates of $704.07 million. Unisys had a negative return on equity of 5.32% and a negative net margin of 4.30%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share.
Shares of Unisys (NYSE UIS) remained flat at $$8.35 during mid-day trading on Thursday. The company had a trading volume of 579,782 shares, compared to its average volume of 298,200. Unisys has a twelve month low of $6.90 and a twelve month high of $15.15. The firm has a market capitalization of $421.45, a P/E ratio of -3.61 and a beta of 1.68. The company has a debt-to-equity ratio of -0.38, a quick ratio of 1.33 and a current ratio of 1.37.
Several equities analysts have recently commented on the company. ValuEngine lowered Unisys from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Loop Capital lowered their target price on Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, October 31st. Finally, Zacks Investment Research lowered Unisys from a “hold” rating to a “strong sell” rating in a report on Friday, December 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Unisys presently has a consensus rating of “Hold” and an average target price of $12.00.
Unisys 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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