QAD (NASDAQ:QADA) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

QAD (NASDAQ:QADA) posted its quarterly earnings results on Tuesday. The software maker reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10, Briefing.com reports. QAD had a negative net margin of 3.63% and a negative return on equity of 0.01%. The business had revenue of $77.80 million during the quarter, compared to analysts’ expectations of $78.28 million. During the same quarter in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. QAD updated its FY 2020
After-Hours guidance to EPS.

QAD stock opened at $51.02 on Friday. The firm has a 50 day simple moving average of $47.00 and a 200-day simple moving average of $43.74. QAD has a 1-year low of $35.00 and a 1-year high of $50.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 100.04 and a beta of 1.04.

In other news, President Pamela M. Lopker sold 778 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $42.00, for a total value of $32,676.00. Following the transaction, the president now directly owns 4,422,095 shares in the company, valued at approximately $185,727,990. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Pamela M. Lopker sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $40.99, for a total transaction of $245,940.00. Following the completion of the transaction, the president now owns 4,429,873 shares in the company, valued at $181,580,494.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,570 shares of company stock worth $4,251,594. Company insiders own 51.83% of the company’s stock.

Several analysts have recently weighed in on QADA shares. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. BidaskClub cut shares of QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. B. Riley reissued a “buy” rating and issued a $60.00 price target on shares of QAD in a research note on Wednesday. ValuEngine cut shares of QAD from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 10th. Finally, William Blair reissued an “outperform” rating on shares of QAD in a research note on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $56.00.

About QAD

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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Earnings History for QAD (NASDAQ:QADA)

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