QAD (NASDAQ:QADA) will post its quarterly earnings results after the market closes on Wednesday, August 21st. Analysts expect QAD to post earnings of ($0.23) per share for the quarter. QAD has set its FY 2020 guidance at EPS and its Q2 2020 guidance at EPS.
QAD (NASDAQ:QADA) last issued its earnings results on Wednesday, May 29th. The software maker reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. The company had revenue of $78.00 million during the quarter, compared to the consensus estimate of $78.25 million. QAD had a return on equity of 4.81% and a net margin of 1.78%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. On average, analysts expect QAD to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of QADA opened at $38.50 on Wednesday. The stock has a market capitalization of $756.02 million, a P/E ratio of 75.49 and a beta of 1.09. QAD has a one year low of $38.05 and a one year high of $61.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47. The company has a 50-day simple moving average of $41.68.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Wednesday, July 10th were issued a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, July 9th. QAD’s dividend payout ratio is currently 56.86%.
In other QAD news, Director Leslie Stretch sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $42.19, for a total transaction of $168,760.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Pamela M. Lopker sold 683 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $42.32, for a total value of $28,904.56. Following the sale, the president now owns 4,467,095 shares in the company, valued at approximately $189,047,460.40. The disclosure for this sale can be found here. Insiders have sold 31,117 shares of company stock worth $1,331,692 in the last 90 days. 51.83% of the stock is currently owned by insiders.
A number of research analysts recently commented on QADA shares. TheStreet downgraded QAD from a “b-” rating to a “c” rating in a report on Wednesday, May 29th. ValuEngine raised QAD from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised QAD from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday. Finally, BidaskClub downgraded QAD from a “buy” rating to a “hold” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $50.33.
QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.
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