SunTrust Banks Brokers Decrease Earnings Estimates for Unisys Corporation (UIS)
Unisys Corporation (NYSE:UIS) – Research analysts at SunTrust Banks cut their Q4 2018 earnings per share (EPS) estimates for shares of Unisys Corporation in a report released on Tuesday. SunTrust Banks analyst F. Atkins now forecasts that the information technology services provider will earn $0.80 per share for the quarter, down from their previous estimate of $0.82. SunTrust Banks currently has a “Buy” rating and a $15.00 target price on the stock.
Unisys Corporation (NYSE:UIS) last posted its quarterly earnings data on Monday, October 30th. The information technology services provider reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.87. Unisys Corporation had a negative return on equity of 5.33% and a negative net margin of 4.30%. The business had revenue of $666.30 million for the quarter, compared to analysts’ expectations of $637.10 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis.
A number of other equities analysts also recently issued reports on the company. Loop Capital dropped their price target on Unisys Corporation from $12.00 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday. Zacks Investment Research upgraded Unisys Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine upgraded Unisys Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, BidaskClub upgraded Unisys Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC lifted its position in Unisys Corporation by 83.1% during the third quarter. IndexIQ Advisors LLC now owns 62,131 shares of the information technology services provider’s stock valued at $528,000 after purchasing an additional 28,202 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Unisys Corporation in the third quarter valued at about $632,000. First Trust Advisors LP purchased a new position in shares of Unisys Corporation in the third quarter valued at about $338,000. Adams Asset Advisors LLC lifted its position in shares of Unisys Corporation by 98.9% in the third quarter. Adams Asset Advisors LLC now owns 144,387 shares of the information technology services provider’s stock valued at $1,227,000 after acquiring an additional 71,794 shares in the last quarter. Finally, Fairpointe Capital LLC lifted its position in shares of Unisys Corporation by 3.9% in the second quarter. Fairpointe Capital LLC now owns 6,021,503 shares of the information technology services provider’s stock valued at $77,075,000 after acquiring an additional 228,358 shares in the last quarter.
Unisys Corporation Company Profile
Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.
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