Unity Software (U) Scheduled to Post Quarterly Earnings on Thursday

Unity Software (NYSE:U) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Unity Software (NYSE:U) last announced its earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. During the same quarter last year, the firm posted ($0.50) EPS. The business’s quarterly revenue was up 35.1% on a year-over-year basis. On average, analysts expect Unity Software to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Unity Software Stock Up 1.2 %

U stock opened at $24.55 on Thursday. Unity Software has a twelve month low of $22.20 and a twelve month high of $50.08. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average of $26.35 and a 200 day moving average of $30.32. The firm has a market cap of $9.59 billion, a PE ratio of -11.37 and a beta of 2.42.

Analyst Upgrades and Downgrades

Several analysts recently commented on U shares. Stifel Nicolaus lifted their price objective on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Wedbush reduced their price objective on shares of Unity Software from $50.00 to $33.50 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Piper Sandler raised Unity Software from an “underweight” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $30.00 in a research note on Tuesday, February 27th. Needham & Company LLC dropped their price target on Unity Software from $40.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. Finally, Barclays lowered their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.03.

Insiders Place Their Bets

In related news, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $24.42, for a total value of $25,323.54. Following the completion of the transaction, the senior vice president now owns 386,706 shares of the company’s stock, valued at approximately $9,443,360.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Unity Software news, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the sale, the senior vice president now directly owns 386,706 shares in the company, valued at approximately $9,443,360.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James M. Whitehurst sold 44,091 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.56, for a total transaction of $1,435,602.96. Following the sale, the chief executive officer now directly owns 155,909 shares of the company’s stock, valued at approximately $5,076,397.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 336,917 shares of company stock valued at $9,412,460. Company insiders own 6.30% of the company’s stock.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.