$0.12 EPS Expected for QAD Inc. (QADA) This Quarter

Equities research analysts expect QAD Inc. (NASDAQ:QADA) to report $0.12 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for QAD’s earnings. The highest EPS estimate is $0.15 and the lowest is $0.08. QAD posted earnings of ($0.20) per share during the same quarter last year, which would indicate a positive year over year growth rate of 160%. The firm is scheduled to issue its next earnings results on Wednesday, March 20th.

On average, analysts expect that QAD will report full year earnings of $0.74 per share for the current year, with EPS estimates ranging from $0.71 to $0.76. For the next financial year, analysts anticipate that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.54 to $0.87. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for QAD.

QAD (NASDAQ:QADA) last announced its quarterly earnings results on Tuesday, November 20th. The software maker reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. QAD had a net margin of 0.10% and a return on equity of 0.08%. The business had revenue of $79.58 million for the quarter, compared to analysts’ expectations of $81.12 million. During the same quarter last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year.

Several brokerages recently weighed in on QADA. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Stifel Nicolaus raised their price target on shares of QAD from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, August 23rd. B. Riley set a $62.00 price target on shares of QAD and gave the company a “buy” rating in a research report on Wednesday, November 21st. Finally, BidaskClub cut shares of QAD from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $53.25.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its position in shares of QAD by 41.0% during the 3rd quarter. Acadian Asset Management LLC now owns 104,439 shares of the software maker’s stock worth $5,916,000 after buying an additional 30,363 shares in the last quarter. Northern Trust Corp lifted its position in shares of QAD by 9.4% during the 2nd quarter. Northern Trust Corp now owns 129,398 shares of the software maker’s stock worth $6,489,000 after buying an additional 11,092 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of QAD by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 82,733 shares of the software maker’s stock worth $4,149,000 after buying an additional 3,606 shares in the last quarter. Bahl & Gaynor Inc. bought a new position in shares of QAD during the 3rd quarter worth approximately $865,000. Finally, Virginia Retirement Systems ET AL bought a new position in shares of QAD during the 3rd quarter worth approximately $329,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ QADA traded up $0.44 during trading hours on Monday, hitting $42.87. The company’s stock had a trading volume of 35,500 shares, compared to its average volume of 48,130. QAD has a 52 week low of $35.25 and a 52 week high of $61.80. The stock has a market cap of $832.48 million, a price-to-earnings ratio of -91.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.55 and a current ratio of 1.55.

QAD Company Profile

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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