-$0.12 Earnings Per Share Expected for QAD Inc. (QADA) This Quarter

Equities research analysts predict that QAD Inc. (NASDAQ:QADA) will announce earnings per share (EPS) of ($0.12) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for QAD’s earnings, with estimates ranging from ($0.12) to ($0.11). QAD posted earnings of $0.15 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 180%. The firm is expected to report its next earnings report on Wednesday, May 29th.

On average, analysts expect that QAD will report full year earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.33 to $0.41. For the next year, analysts anticipate that the company will report earnings of $0.79 per share, with EPS estimates ranging from $0.73 to $0.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow QAD.

QAD (NASDAQ:QADA) last posted its quarterly earnings data on Wednesday, March 20th. The software maker reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.27. The firm had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $81.64 million. QAD had a net margin of 3.13% and a return on equity of 8.46%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.28) EPS.

A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of QAD from a “strong sell” rating to a “sell” rating in a research report on Friday, January 25th. ValuEngine cut shares of QAD from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a report on Friday, March 15th. TheStreet upgraded shares of QAD from a “c” rating to a “b-” rating in a research report on Thursday, March 21st. Finally, B. Riley set a $55.00 target price on shares of QAD and gave the company a “buy” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $52.67.

In other news, President Pamela M. Lopker sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $41.00, for a total transaction of $41,000.00. Following the sale, the president now owns 4,808,095 shares in the company, valued at approximately $197,131,895. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Pamela M. Lopker sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $42.20, for a total value of $211,000.00. Following the sale, the president now owns 4,528,095 shares in the company, valued at approximately $191,085,609. The disclosure for this sale can be found here. Insiders sold 77,556 shares of company stock valued at $3,293,681 over the last ninety days. 43.70% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in QADA. Quantamental Technologies LLC bought a new position in QAD in the fourth quarter valued at about $48,000. Legal & General Group Plc grew its stake in QAD by 32.9% during the fourth quarter. Legal & General Group Plc now owns 1,947 shares of the software maker’s stock worth $76,000 after purchasing an additional 482 shares during the period. Victory Capital Management Inc. grew its stake in QAD by 15.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,137 shares of the software maker’s stock valued at $123,000 after acquiring an additional 411 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in QAD by 383.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,492 shares of the software maker’s stock valued at $137,000 after acquiring an additional 2,769 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in QAD in the third quarter valued at approximately $365,000. 44.41% of the stock is currently owned by institutional investors.

Shares of NASDAQ:QADA opened at $43.09 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.10. QAD has a fifty-two week low of $38.39 and a fifty-two week high of $61.80. The stock has a market capitalization of $845.25 million, a PE ratio of 84.49 and a beta of 1.26.

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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