Unisys (NYSE:UIS) posted its earnings results on Sunday. The information technology services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.28, MarketWatch Earnings reports. Unisys had a negative return on equity of 14.56% and a net margin of 41.67%. The business had revenue of $576.90 million during the quarter, compared to analyst estimates of $556.17 million. During the same quarter last year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was down 22.2% compared to the same quarter last year.
UIS stock opened at $26.60 on Tuesday. Unisys has a 1 year low of $8.25 and a 1 year high of $26.83. The stock has a 50-day simple moving average of $23.98 and a 200-day simple moving average of $16.12. The firm has a market cap of $1.68 billion, a P/E ratio of 1.82 and a beta of 0.54.
Separately, Sidoti began coverage on Unisys in a research note on Monday, December 7th. They issued a “buy” rating for the company.
Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.
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