Unisys (NYSE:UIS) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Unisys (NYSE:UIS) announced its earnings results on Wednesday. The information technology services provider reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.09, FiscalAI reports. The business had revenue of $471.50 million during the quarter, compared to the consensus estimate of $449.92 million. Unisys had a negative net margin of 16.01% and a negative return on equity of 13.03%.

Unisys Stock Up 8.3%

NYSE UIS traded up $0.20 during trading hours on Friday, hitting $2.67. 1,530,525 shares of the stock were exchanged, compared to its average volume of 847,435. The company has a market cap of $194.33 million, a price-to-earnings ratio of -0.62, a price-to-earnings-growth ratio of 0.35 and a beta of 1.98. Unisys has a 12-month low of $1.97 and a 12-month high of $4.98. The stock has a 50-day moving average of $2.42 and a 200 day moving average of $2.79.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UIS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research report on Thursday, October 15th. Zacks Research lowered Unisys from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, Needham & Company LLC cut their price target on Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Unisys has a consensus rating of “Hold” and a consensus target price of $5.00.

Insiders Place Their Bets

In other Unisys news, CAO David Brown sold 10,553 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $2.54, for a total transaction of $26,804.62. Following the transaction, the chief accounting officer owned 103,558 shares in the company, valued at approximately $263,037.32. The trade was a 9.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.56% of the company’s stock.

Unisys Company Profile

Unisys Corporation (NYSE:UIS) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its offerings include cloud services, infrastructure modernization, cybersecurity, digital workplace solutions, application services and business process services.

The company serves commercial businesses, governments and other public-sector organizations across North America, Europe, the Asia-Pacific region and Latin America.