$76.53 Million in Sales Expected for QAD Inc. (QADA) This Quarter
Wall Street brokerages predict that QAD Inc. (NASDAQ:QADA) will post $76.53 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for QAD’s earnings. The lowest sales estimate is $75.80 million and the highest is $77.25 million. QAD posted sales of $73.26 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.5%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 8th.
According to Zacks, analysts expect that QAD will report full-year sales of $76.53 million for the current year, with estimates ranging from $300.10 million to $301.51 million. For the next year, analysts forecast that the company will post sales of $313.40 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for QAD.
QAD (NASDAQ:QADA) last posted its quarterly earnings data on Tuesday, November 21st. The software maker reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. QAD had a negative return on equity of 2.05% and a negative net margin of 6.40%. The company had revenue of $76.93 million for the quarter, compared to the consensus estimate of $73.99 million. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year.
QADA has been the topic of a number of research reports. Canaccord Genuity boosted their price objective on QAD from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Stifel Nicolaus boosted their price objective on QAD from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, September 20th. Finally, Zacks Investment Research raised QAD from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. QAD currently has an average rating of “Buy” and a consensus price target of $40.75.
Shares of QAD (NASDAQ:QADA) opened at $38.15 on Thursday. QAD has a 12 month low of $26.04 and a 12 month high of $42.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 1.59.
Several institutional investors have recently made changes to their positions in QADA. Macquarie Group Ltd. acquired a new stake in shares of QAD during the third quarter worth $196,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of QAD during the third quarter worth $224,000. Wells Fargo & Company MN raised its position in shares of QAD by 11.5% during the second quarter. Wells Fargo & Company MN now owns 7,746 shares of the software maker’s stock worth $248,000 after purchasing an additional 796 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of QAD by 10.9% during the second quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock worth $256,000 after purchasing an additional 786 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in shares of QAD during the second quarter worth $309,000. 44.89% of the stock is currently owned by institutional investors.
QAD Company Profile
QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.
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