QAD Inc. (QADA) To Go Ex-Dividend on December 22nd

QAD Inc. (NASDAQ:QADA) declared a quarterly dividend on Thursday, December 14th, Wall Street Journal reports. Shareholders of record on Tuesday, December 26th will be given a dividend of 0.072 per share by the software maker on Thursday, January 4th. This represents a $0.29 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 22nd.

QAD (NASDAQ QADA) opened at $39.45 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.60 and a quick ratio of 1.59. QAD has a 52-week low of $26.04 and a 52-week high of $42.00.

QAD (NASDAQ:QADA) last released its quarterly earnings data on Tuesday, November 21st. The software maker reported ($0.01) EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $73.99 million. During the same period in the previous year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. equities research analysts expect that QAD will post -0.25 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on QADA. Stifel Nicolaus boosted their target price on shares of QAD from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, September 20th. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Thursday, October 19th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $44.00 target price (up previously from $36.00) on shares of QAD in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $40.75.

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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.

Dividend History for QAD (NASDAQ:QADA)

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