Wall Street brokerages forecast that QAD Inc. (NASDAQ:QADA) will report sales of $76.53 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for QAD’s earnings. The lowest sales estimate is $75.80 million and the highest is $77.25 million. QAD reported sales of $73.26 million during the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The business is scheduled to report its next earnings report after the market closes on Wednesday, March 21st.
On average, analysts expect that QAD will report full year sales of $76.53 million for the current year, with estimates ranging from $300.10 million to $301.51 million. For the next year, analysts forecast that the company will report sales of $313.40 million per share. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow QAD.
QAD (NASDAQ:QADA) last issued its quarterly earnings results on Tuesday, November 21st. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. QAD had a negative net margin of 6.40% and a negative return on equity of 2.06%. The firm had revenue of $76.93 million for the quarter, compared to analysts’ expectations of $73.99 million. During the same period in the previous year, the business earned $0.07 earnings per share. QAD’s revenue for the quarter was up 10.6% compared to the same quarter last year.
Several equities research analysts have commented on QADA shares. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Stifel Nicolaus boosted their price objective on QAD from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Canaccord Genuity restated a “buy” rating and set a $44.00 price objective (up previously from $36.00) on shares of QAD in a report on Wednesday, November 22nd. They noted that the move was a valuation call. Finally, BidaskClub upgraded QAD from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. QAD currently has an average rating of “Hold” and a consensus target price of $43.33.
Shares of QAD (QADA) opened at $42.85 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.60 and a quick ratio of 1.60. QAD has a 1 year low of $26.04 and a 1 year high of $45.35. The company has a market cap of $824.65, a PE ratio of -41.60 and a beta of 1.07.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. raised its holdings in QAD by 0.8% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 12,566 shares of the software maker’s stock worth $402,000 after buying an additional 100 shares during the period. The Manufacturers Life Insurance Company raised its holdings in QAD by 10.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock worth $256,000 after buying an additional 786 shares during the period. Wells Fargo & Company MN raised its holdings in QAD by 11.5% during the 2nd quarter. Wells Fargo & Company MN now owns 7,746 shares of the software maker’s stock worth $248,000 after buying an additional 796 shares during the period. Millennium Management LLC raised its holdings in QAD by 2.7% during the 4th quarter. Millennium Management LLC now owns 60,864 shares of the software maker’s stock worth $2,365,000 after buying an additional 1,593 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in QAD by 20.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,077 shares of the software maker’s stock worth $391,000 after buying an additional 1,729 shares during the period. Hedge funds and other institutional investors own 44.47% of the company’s stock.
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QAD Company Profile
QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.
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