QAD Inc. (QADA) Expected to Post Earnings of -$0.12 Per Share

Analysts expect that QAD Inc. (NASDAQ:QADA) will post ($0.12) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for QAD’s earnings, with estimates ranging from ($0.12) to ($0.11). QAD reported earnings per share of $0.15 during the same quarter last year, which suggests a negative year over year growth rate of 180%. The company is scheduled to issue its next earnings results on Wednesday, May 29th.

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

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

QADA has been the subject of a number of analyst reports. BidaskClub upgraded shares of QAD from a “strong sell” rating to a “sell” rating in a research report on Friday, January 25th. ValuEngine downgraded 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 research note on Friday, March 15th. TheStreet raised shares of QAD from a “c” rating to a “b-” rating in a research note on Thursday, March 21st. Finally, B. Riley set a $55.00 price target on shares of QAD and gave the stock a “buy” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. QAD presently has a consensus rating of “Buy” and a consensus price target of $52.67.

NASDAQ:QADA traded up $0.05 during trading hours on Thursday, reaching $43.18. 59,038 shares of the company’s stock were exchanged, compared to its average volume of 53,725. The stock has a market cap of $846.82 million, a P/E ratio of 84.67 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.61 and a quick ratio of 1.61. QAD has a 1-year low of $38.39 and a 1-year high of $61.80.

In related news, President Pamela M. Lopker sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $40.91, for a total value of $204,550.00. Following the sale, the president now directly owns 4,989,095 shares of the company’s stock, valued at $204,103,876.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Pamela M. Lopker sold 1,000 shares of the firm’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 completion of the sale, the president now directly owns 4,808,095 shares in the company, valued at $197,131,895. The disclosure for this sale can be found here. Insiders have sold a total of 79,556 shares of company stock worth $3,380,421 over the last ninety days. 43.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new position in QAD during the fourth quarter valued at approximately $48,000. Legal & General Group Plc lifted its position in QAD by 32.9% during the fourth quarter. Legal & General Group Plc now owns 1,947 shares of the software maker’s stock valued at $76,000 after buying an additional 482 shares in the last quarter. Victory Capital Management Inc. lifted its position in QAD by 15.1% during the fourth quarter. Victory Capital Management Inc. now owns 3,137 shares of the software maker’s stock valued at $123,000 after buying an additional 411 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in QAD by 383.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,492 shares of the software maker’s stock valued at $137,000 after buying an additional 2,769 shares in the last quarter. Finally, ETRADE Capital Management LLC lifted its position in QAD by 25.4% during the fourth quarter. ETRADE Capital Management LLC now owns 8,439 shares of the software maker’s stock valued at $332,000 after buying an additional 1,712 shares in the last quarter. 44.41% of the stock is currently owned by institutional investors and hedge funds.

About QAD

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.

Recommended Story: Gap Down Stocks

Get a free copy of the Zacks research report on QAD (QADA)

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

Earnings History and Estimates for QAD (NASDAQ:QADA)

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