QAD Inc. Class A (QADA) Expected to Post Quarterly Sales of $82.39 Million

Brokerages predict that QAD Inc. Class A (NASDAQ:QADA) will announce sales of $82.39 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for QAD Inc. Class A’s earnings, with estimates ranging from $82.22 million to $82.50 million. QAD Inc. Class A posted sales of $75.96 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.5%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, August 22nd.

According to Zacks, analysts expect that QAD Inc. Class A will report full-year sales of $331.74 million for the current financial year, with estimates ranging from $331.37 million to $331.94 million. For the next year, analysts anticipate that the business will post sales of $351.25 million per share, with estimates ranging from $346.56 million to $354.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for QAD Inc. Class A.

QAD Inc. Class A (NASDAQ:QADA) last issued its quarterly earnings results on Wednesday, May 30th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). QAD Inc. Class A had a negative net margin of 1.59% and a negative return on equity of 4.54%. The business had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $79.73 million. During the same period last year, the business earned ($0.14) earnings per share. The company’s revenue was up 20.7% on a year-over-year basis.

A number of analysts have weighed in on the stock. B. Riley assumed coverage on shares of QAD Inc. Class A in a research note on Wednesday, July 25th. They set a “buy” rating and a $71.00 price objective for the company. BidaskClub upgraded shares of QAD Inc. Class A from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 7th. Finally, ValuEngine upgraded shares of QAD Inc. Class A from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. QAD Inc. Class A presently has an average rating of “Buy” and a consensus price target of $53.75.

In other news, Director Cuylenburg Peter Van sold 8,000 shares of QAD Inc. Class A stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $51.91, for a total value of $415,280.00. Following the completion of the sale, the director now directly owns 26,181 shares in the company, valued at $1,359,055.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel Lender sold 10,324 shares of QAD Inc. Class A stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $50.66, for a total transaction of $523,013.84. Following the completion of the sale, the chief financial officer now owns 195,464 shares of the company’s stock, valued at $9,902,206.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,748 shares of company stock valued at $1,263,736. 43.70% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of QAD Inc. Class A by 1.0% in the first quarter. BlackRock Inc. now owns 647,245 shares of the software maker’s stock worth $26,958,000 after acquiring an additional 6,138 shares during the period. Russell Investments Group Ltd. grew its stake in shares of QAD Inc. Class A by 51.7% in the first quarter. Russell Investments Group Ltd. now owns 325,589 shares of the software maker’s stock worth $13,560,000 after acquiring an additional 110,948 shares during the period. Epoch Investment Partners Inc. bought a new stake in shares of QAD Inc. Class A in the first quarter worth approximately $12,482,000. Deutsche Bank AG grew its stake in shares of QAD Inc. Class A by 53.6% in the fourth quarter. Deutsche Bank AG now owns 101,253 shares of the software maker’s stock worth $3,932,000 after acquiring an additional 35,339 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of QAD Inc. Class A by 9.5% in the fourth quarter. Geode Capital Management LLC now owns 100,258 shares of the software maker’s stock worth $3,894,000 after acquiring an additional 8,691 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Shares of NASDAQ QADA opened at $52.25 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of -111.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.52 and a quick ratio of 1.52. QAD Inc. Class A has a 1 year low of $30.60 and a 1 year high of $55.35.

QAD Inc. Class A 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 Inc. Class A (NASDAQ:QADA)

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