Analysts forecast that QAD Inc. (NASDAQ:QADA) will post earnings per share of $0.12 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for QAD’s earnings, with estimates ranging from $0.08 to $0.15. QAD reported 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 expected to report its next earnings report on Wednesday, March 20th.
According to Zacks, analysts expect that QAD will report full year earnings of $0.74 per share for the current financial year, with EPS estimates ranging from $0.71 to $0.76. For the next financial year, analysts forecast that the business will post earnings of $0.72 per share, with EPS estimates ranging from $0.54 to $0.87. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for QAD.
QAD (NASDAQ:QADA) last posted its quarterly earnings data on Tuesday, November 20th. The software maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. QAD had a net margin of 0.10% and a return on equity of 0.08%. The firm had revenue of $79.58 million during the quarter, compared to analyst estimates of $81.12 million. During the same quarter last year, the business posted ($0.01) EPS. The company’s revenue was up 3.4% on a year-over-year basis.
QADA has been the subject of a number of recent analyst reports. BidaskClub lowered shares of QAD from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 11th. B. Riley set a $62.00 price objective on shares of QAD and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Friday, November 30th. Finally, Stifel Nicolaus lifted their target price on shares of QAD from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $53.25.
QAD stock opened at $41.13 on Monday. QAD has a 52 week low of $35.25 and a 52 week high of $61.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $806.97 million, a P/E ratio of -87.51 and a beta of 1.30.
Large investors have recently modified their holdings of the business. Acadian Asset Management LLC boosted its stake 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 valued at $5,916,000 after buying an additional 30,363 shares during the period. Northern Trust Corp boosted its stake 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 valued at $6,489,000 after buying an additional 11,092 shares during the period. Whetstone Capital Advisors LLC boosted its stake in shares of QAD by 15.1% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 250,000 shares of the software maker’s stock valued at $14,163,000 after buying an additional 32,867 shares during the period. Bank of New York Mellon Corp boosted its stake 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 valued at $4,149,000 after buying an additional 3,606 shares during the period. Finally, Bahl & Gaynor Inc. acquired a new stake in shares of QAD during the 3rd quarter valued at $865,000. 42.83% of the stock is owned by institutional investors.
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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