Unisys (NYSE:UIS) announced its earnings results on Sunday. The information technology services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.45 by $0.28, MarketWatch Earnings reports. Unisys had a negative return on equity of 14.56% and a net margin of 41.67%. The company had revenue of $576.90 million for the quarter, compared to analysts’ expectations of $556.17 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was down 22.2% on a year-over-year basis.
Shares of UIS opened at $26.60 on Tuesday. Unisys has a 12-month low of $8.25 and a 12-month high of $26.83. The firm has a market capitalization of $1.68 billion, a PE ratio of 1.82 and a beta of 0.54. The stock’s fifty day simple moving average is $23.98 and its 200-day simple moving average is $16.12.
Separately, Sidoti initiated coverage on Unisys in a research note on Monday, December 7th. They set a “buy” rating on the stock.
Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.
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