QAD (NASDAQ:QADA) Releases Earnings Results, Beats Estimates By $0.21 EPS
QAD (NASDAQ:QADA) posted its quarterly earnings data on Wednesday. The software maker reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.21, Morningstar.com reports. The business had revenue of $76.38 million during the quarter, compared to analyst estimates of $77.89 million. QAD had a net margin of 1.78% and a return on equity of 4.81%. The company’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. QAD updated its Q3 2020 guidance to EPS and its FY 2020 guidance to EPS.
QAD stock traded down $0.18 during trading on Thursday, reaching $36.76. The company had a trading volume of 56,063 shares, compared to its average volume of 46,059. QAD has a 12-month low of $36.38 and a 12-month high of $61.80. The stock’s 50 day moving average price is $41.21 and its two-hundred day moving average price is $43.49. The firm has a market capitalization of $736.19 million, a price-to-earnings ratio of 72.08 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47.
QADA has been the subject of a number of analyst reports. TheStreet lowered shares of QAD from a “b-” rating to a “c” rating in a research report on Wednesday, May 29th. ValuEngine raised shares of QAD from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, August 13th. BidaskClub lowered shares of QAD from a “hold” rating to a “sell” rating in a research report on Friday, August 16th. Finally, B. Riley set a $55.00 price objective on shares of QAD and gave the company a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $50.33.
A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in QAD during the second quarter worth approximately $38,000. Marshall Wace North America L.P. acquired a new position in shares of QAD during the first quarter worth $41,000. Aperio Group LLC acquired a new position in shares of QAD during the second quarter worth $74,000. Legal & General Group Plc lifted its position in shares of QAD by 32.9% during the fourth quarter. Legal & General Group Plc now owns 1,947 shares of the software maker’s stock worth $76,000 after purchasing an additional 482 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of QAD by 21,650.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,175 shares of the software maker’s stock worth $94,000 after purchasing an additional 2,165 shares in the last quarter. Hedge funds and other institutional investors own 46.17% of the company’s stock.
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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