Unisys Corporation (NYSE:UIS) issued its earnings results on Tuesday, August 1st. The information technology services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.34, Bloomberg Earnings reports. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The business had revenue of $666.20 million for the quarter, compared to the consensus estimate of $674.55 million. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business’s revenue was down 11.0% compared to the same quarter last year.
Unisys Corporation (UIS) traded down 9.49% during mid-day trading on Friday, reaching $7.15. The company had a trading volume of 1,676,400 shares. The stock has a 50-day moving average of $11.20 and a 200 day moving average of $12.47. Unisys Corporation has a 12-month low of $7.10 and a 12-month high of $16.70. The company’s market capitalization is $360.85 million.
In other Unisys Corporation news, Director Alison Davis sold 10,639 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $12.35, for a total transaction of $131,391.65. Following the completion of the transaction, the director now directly owns 44,393 shares of the company’s stock, valued at $548,253.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
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UIS has been the subject of several research analyst reports. BidaskClub downgraded Unisys Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. SunTrust Banks, Inc. set a $15.00 price target on Unisys Corporation and gave the company a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine downgraded Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Unisys Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.67.
About Unisys Corporation
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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