Unisys Corporation (NYSE:UIS) – Investment analysts at SunTrust Banks lowered their FY2017 EPS estimates for shares of Unisys Corporation in a research note issued on Tuesday. SunTrust Banks analyst F. Atkins now anticipates that the information technology services provider will post earnings per share of $1.39 for the year, down from their previous forecast of $1.47. SunTrust Banks has a “Buy” rating and a $15.00 price objective on the stock. SunTrust Banks also issued estimates for Unisys Corporation’s Q4 2017 earnings at $0.78 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.54 EPS and FY2018 earnings at $1.92 EPS.
Unisys Corporation (NYSE:UIS) last released its earnings results on Monday, October 30th. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.87. Unisys Corporation had a negative net margin of 4.30% and a negative return on equity of 5.32%. The company had revenue of $666.30 million for the quarter, compared to the consensus estimate of $637.10 million. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was down 2.5% compared to the same quarter last year.
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Several other equities analysts also recently issued reports on UIS. BidaskClub downgraded shares of Unisys Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. ValuEngine downgraded shares of Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Unisys Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Loop Capital decreased their price objective on shares of Unisys Corporation from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Unisys Corporation has an average rating of “Hold” and an average price target of $12.00.
Unisys Corporation (NYSE:UIS) opened at $8.10 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.44 and a debt-to-equity ratio of -0.38. The stock has a market cap of $416.40, a PE ratio of 6.76 and a beta of 1.91.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UIS. Stifel Financial Corp acquired a new position in Unisys Corporation in the second quarter valued at $141,000. Cigna Investments Inc. New acquired a new position in Unisys Corporation in the second quarter valued at $148,000. Bayesian Capital Management LP acquired a new position in Unisys Corporation in the second quarter valued at $157,000. Legal & General Group Plc boosted its stake in Unisys Corporation by 7.1% in the first quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock valued at $175,000 after acquiring an additional 821 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Unisys Corporation by 117.6% in the second quarter. BNP Paribas Arbitrage SA now owns 19,142 shares of the information technology services provider’s stock valued at $245,000 after acquiring an additional 10,345 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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