QAD (NASDAQ:QADA) announced its quarterly earnings data on Tuesday. The software maker reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.10, Briefing.com reports. The business had revenue of $77.80 million for the quarter, compared to analyst estimates of $78.28 million. QAD had a positive return on equity of 2.27% and a negative net margin of 2.70%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. QAD updated its FY 2020
After-Hours guidance to EPS.
QAD stock opened at $50.12 on Wednesday. The firm has a market cap of $976.56 million, a price-to-earnings ratio of 98.27 and a beta of 1.04. QAD has a 52 week low of $35.00 and a 52 week high of $50.98. The business’s 50-day moving average price is $46.79 and its 200 day moving average price is $43.70. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.23.
In related news, President Pamela M. Lopker sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $41.00, for a total transaction of $41,000.00. Following the sale, the president now directly owns 4,421,095 shares of the company’s stock, valued at $181,264,895. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Pamela M. Lopker sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $49.36, for a total value of $296,160.00. Following the sale, the president now directly owns 4,274,095 shares in the company, valued at $210,969,329.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,570 shares of company stock worth $4,251,594. 51.83% of the stock is owned by corporate insiders.
QADA has been the topic of a number of research reports. William Blair reissued an “outperform” rating on shares of QAD in a report on Wednesday, August 28th. ValuEngine lowered QAD from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 10th. Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. B. Riley set a $55.00 target price on QAD and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, BidaskClub lowered QAD from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $52.50.
QAD Company Profile
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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