QAD Inc. to Post FY2018 Earnings of ($0.09) Per Share, William Blair Forecasts (QADA)
QAD Inc. (NASDAQ:QADA) – Research analysts at William Blair issued their FY2018 earnings estimates for QAD in a research note issued to investors on Tuesday. William Blair analyst B. Suri forecasts that the brokerage will earn ($0.09) per share for the year.
QAD (NASDAQ:QADA) last issued its quarterly earnings results on Thursday, August 25th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. QAD had a net margin of 1.68% and a return on equity of 5.00%. The business had revenue of $69.80 million for the quarter. During the same period in the previous year, the business posted $0.19 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis.
A number of other research firms also recently weighed in on QADA. Zacks Investment Research upgraded shares of QAD from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a report on Friday, September 2nd. Benchmark Co. raised their price target on shares of QAD from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, August 26th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. QAD presently has a consensus rating of “Buy” and a consensus price target of $26.25.
QAD (NASDAQ:QADA) traded up 0.39% during midday trading on Thursday, reaching $23.08. 21,103 shares of the company traded hands. QAD has a 12 month low of $17.11 and a 12 month high of $27.42. The firm has a market capitalization of $437.90 million, a price-to-earnings ratio of 96.57 and a beta of 1.06. The firm’s 50 day moving average price is $22.37 and its 200 day moving average price is $20.35.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Wednesday, September 28th were issued a $0.072 dividend. The ex-dividend date of this dividend was Monday, September 26th. This represents a $0.29 annualized dividend and a yield of 1.25%. QAD’s dividend payout ratio (DPR) is presently 120.84%.
A number of hedge funds and other institutional investors have recently made changes to their positions in QADA. Ranger Investment Management L.P. increased its position in shares of QAD by 4.2% in the second quarter. Ranger Investment Management L.P. now owns 51,650 shares of the company’s stock valued at $995,000 after buying an additional 2,090 shares during the period. Teachers Advisors Inc. increased its position in shares of QAD by 0.7% in the second quarter. Teachers Advisors Inc. now owns 14,415 shares of the company’s stock valued at $278,000 after buying an additional 101 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of QAD by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 260,231 shares of the company’s stock valued at $5,015,000 after buying an additional 951 shares during the period. BlackRock Investment Management LLC increased its position in shares of QAD by 7.6% in the second quarter. BlackRock Investment Management LLC now owns 41,596 shares of the company’s stock valued at $802,000 after buying an additional 2,940 shares during the period. Finally, Nationwide Fund Advisors raised its stake in QAD by 17.7% in the second quarter. Nationwide Fund Advisors now owns 7,973 shares of the company’s stock valued at $154,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 44.80% of the company’s stock.
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.
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