Wall Street analysts forecast that QAD Inc. Class A (NASDAQ:QADA) will post earnings per share of $0.13 for the current quarter, Zacks reports. Three analysts have made estimates for QAD Inc. Class A’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.11. QAD Inc. Class A posted earnings of $0.09 per share during the same quarter last year, which suggests a positive year over year growth rate of 44.4%. The firm is scheduled to report its next earnings report on Tuesday, November 20th.

According to Zacks, analysts expect that QAD Inc. Class A will report full year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.54 to $0.68. For the next fiscal year, analysts forecast that the firm will post earnings of $0.70 per share, with EPS estimates ranging from $0.55 to $0.90. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for QAD Inc. Class A.

QAD Inc. Class A (NASDAQ:QADA) last issued its quarterly earnings results on Wednesday, August 22nd. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.02). The business had revenue of $84.54 million for the quarter, compared to analyst estimates of $82.39 million. QAD Inc. Class A had a negative return on equity of 2.66% and a negative net margin of 0.86%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.06) EPS.

Several brokerages have recently issued reports on QADA. BidaskClub raised shares of QAD Inc. Class A from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Stifel Nicolaus increased their price target on shares of QAD Inc. Class A from $53.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Finally, B. Riley began coverage on shares of QAD Inc. Class A in a research report on Wednesday, July 25th. They set a “buy” rating and a $71.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.75.

In related news, Director Cuylenburg Peter Van sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $51.91, for a total transaction of $415,280.00. Following the sale, the director now directly owns 26,181 shares in the company, valued at $1,359,055.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel Lender sold 3,200 shares of the company’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $50.71, for a total transaction of $162,272.00. Following the sale, the chief financial officer now owns 195,464 shares in the company, valued at $9,911,979.44. The disclosure for this sale can be found here. Insiders have sold 24,489 shares of company stock worth $1,253,117 in the last three months. Corporate insiders own 43.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in QADA. SG Americas Securities LLC purchased a new stake in shares of QAD Inc. Class A during the first quarter worth approximately $108,000. Swiss National Bank increased its stake in shares of QAD Inc. Class A by 6.5% during the first quarter. Swiss National Bank now owns 18,000 shares of the software maker’s stock worth $750,000 after buying an additional 1,100 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of QAD Inc. Class A by 46.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 13,367 shares of the software maker’s stock worth $557,000 after buying an additional 4,234 shares during the period. BlackRock Inc. increased its stake in shares of QAD Inc. Class A by 1.0% during the first quarter. BlackRock Inc. now owns 647,245 shares of the software maker’s stock worth $26,958,000 after buying an additional 6,138 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of QAD Inc. Class A by 33.4% during the first quarter. New York State Common Retirement Fund now owns 15,880 shares of the software maker’s stock worth $661,000 after buying an additional 3,980 shares during the period. Hedge funds and other institutional investors own 45.67% of the company’s stock.

Shares of QADA opened at $59.65 on Thursday. The stock has a market cap of $1.18 billion, a PE ratio of -126.91 and a beta of 1.08. QAD Inc. Class A has a 1 year low of $32.05 and a 1 year high of $61.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.52 and a current ratio of 1.52.

About QAD Inc. Class A

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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Earnings History and Estimates for QAD Inc. Class A (NASDAQ:QADA)

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