Brokerages Anticipate QAD Inc. (NASDAQ:QADA) to Announce $0.26 Earnings Per Share

Brokerages predict that QAD Inc. (NASDAQ:QADA) will report earnings per share of $0.26 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for QAD’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.09. QAD reported earnings per share of $0.35 in the same quarter last year, which would suggest a negative year-over-year growth rate of 25.7%. The firm is expected to announce its next quarterly earnings results on Wednesday, March 18th.

According to Zacks, analysts expect that QAD will report full-year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.18 to $0.23. For the next year, analysts forecast that the business will report earnings of $0.62 per share, with EPS estimates ranging from $0.38 to $0.77. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for QAD.

QAD (NASDAQ:QADA) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.10. The firm had revenue of $77.80 million during the quarter, compared to the consensus estimate of $78.28 million. QAD had a negative net margin of 3.63% and a negative return on equity of 0.01%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share.

Several brokerages have recently commented on QADA. B. Riley reaffirmed a “buy” rating and set a $60.00 price objective on shares of QAD in a research note on Wednesday, November 27th. Stifel Nicolaus upped their price objective on shares of QAD from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Zacks Investment Research downgraded shares of QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. BidaskClub downgraded shares of QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, ValuEngine downgraded shares of QAD from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. QAD has a consensus rating of “Buy” and a consensus target price of $56.00.

Shares of NASDAQ:QADA traded up $0.14 during midday trading on Thursday, hitting $48.18. 43,466 shares of the stock traded hands, compared to its average volume of 60,302. The stock has a market capitalization of $982.66 million, a PE ratio of 94.47 and a beta of 1.09. The business’s 50 day moving average is $47.93 and its two-hundred day moving average is $43.81. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. QAD has a one year low of $35.00 and a one year high of $53.89.

In related news, President Pamela M. Lopker sold 6,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $49.36, for a total value of $296,160.00. Following the completion of the transaction, the president now directly owns 4,274,095 shares of the company’s stock, valued at $210,969,329.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Pamela M. Lopker sold 2,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $48.54, for a total transaction of $97,080.00. Following the completion of the transaction, the president now directly owns 4,270,095 shares of the company’s stock, valued at $207,270,411.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,792 shares of company stock valued at $4,029,058. 51.83% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new position in QAD in the second quarter worth about $38,000. Marshall Wace North America L.P. bought a new position in QAD in the first quarter worth about $41,000. Aperio Group LLC bought a new position in QAD in the second quarter worth about $74,000. SG Americas Securities LLC bought a new position in QAD in the second quarter worth about $108,000. Finally, Voya Investment Management LLC bought a new position in QAD in the third quarter worth about $217,000. 45.55% 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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Earnings History and Estimates for QAD (NASDAQ:QADA)

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