$0.13 Earnings Per Share Expected for QAD Inc. Class A (QADA) This Quarter

Analysts expect QAD Inc. Class A (NASDAQ:QADA) to report $0.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for QAD Inc. Class A’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.11. QAD Inc. Class A posted earnings of $0.09 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 44.4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, November 20th.

On average, analysts expect that QAD Inc. Class A will report full-year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.68. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.70 per share, with EPS estimates ranging from $0.55 to $0.90. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover QAD Inc. Class A.

QAD Inc. Class A (NASDAQ:QADA) last posted its quarterly earnings data on Wednesday, August 22nd. The software maker reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). QAD Inc. Class A had a negative net margin of 0.86% and a negative return on equity of 2.60%. The company had revenue of $84.54 million for the quarter, compared to analyst estimates of $82.39 million. During the same quarter in the prior year, the business earned ($0.06) EPS. QAD Inc. Class A’s revenue was up 11.3% compared to the same quarter last year.

QADA has been the topic of several research reports. BidaskClub upgraded shares of QAD Inc. Class A from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 7th. B. Riley initiated coverage on shares of QAD Inc. Class A in a report on Wednesday, July 25th. They set a “buy” rating and a $71.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of QAD Inc. Class A from $53.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $55.75.

In other QAD Inc. Class A news, Director Cuylenburg Peter Van sold 8,000 shares of the company’s 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 owns 26,181 shares of the company’s stock, valued at $1,359,055.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kara Bellamy sold 2,329 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $51.56, for a total transaction of $120,083.24. Following the completion of the sale, the chief accounting officer now directly owns 16,749 shares of the company’s stock, valued at approximately $863,578.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,489 shares of company stock worth $1,253,117. Company insiders own 43.70% of the company’s stock.

Large investors have recently modified their holdings of the business. Epoch Investment Partners Inc. bought a new stake in shares of QAD Inc. Class A during the first quarter worth $12,482,000. Citadel Advisors LLC increased its position in shares of QAD Inc. Class A by 30.6% during the first quarter. Citadel Advisors LLC now owns 15,466 shares of the software maker’s stock worth $644,000 after acquiring an additional 3,624 shares in the last quarter. California Public Employees Retirement System increased its position in shares of QAD Inc. Class A by 20.2% during the first quarter. California Public Employees Retirement System now owns 39,459 shares of the software maker’s stock worth $1,643,000 after acquiring an additional 6,627 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of QAD Inc. Class A by 33.4% during the first quarter. New York State Common Retirement Fund now owns 15,880 shares of the software maker’s stock worth $661,000 after acquiring an additional 3,980 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of QAD Inc. Class A by 6.5% during the first quarter. Swiss National Bank now owns 18,000 shares of the software maker’s stock worth $750,000 after acquiring an additional 1,100 shares in the last quarter. 45.67% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:QADA traded down $0.10 on Thursday, hitting $59.00. 50,387 shares of the company were exchanged, compared to its average volume of 55,975. QAD Inc. Class A has a one year low of $32.05 and a one year high of $61.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.52 and a current ratio of 1.55.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 25th will be given a $0.072 dividend. The ex-dividend date of this dividend is Monday, September 24th. This represents a $0.29 dividend on an annualized basis and a yield of 0.49%. QAD Inc. Class A’s dividend payout ratio (DPR) is presently -61.70%.

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.

Further Reading: Understanding Relative Strength Index

Get a free copy of the Zacks research report on QAD Inc. Class A (QADA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for QAD Inc. Class A (NASDAQ:QADA)

Receive News & Ratings for QAD Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QAD Inc. Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply