QAD Inc. (QADA) to Release Quarterly Earnings on Tuesday
QAD Inc. (NASDAQ:QADA) is scheduled to be posting its quarterly earnings results on Tuesday, November 22nd. QAD has set its Q3 guidance at $0.09 EPS and its FY17 guidance at $0.38-0.48 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
QAD (NASDAQ:QADA) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ 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 firm earned $69.80 million during the quarter. During the same quarter last year, the business earned $0.19 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts expect QAD to post $0.39 EPS for the current fiscal year and $0.48 EPS for the next fiscal year.
Shares of QAD Inc. (NASDAQ:QADA) opened at 25.05 on Friday. The firm has a market cap of $475.27 million, a PE ratio of 104.81 and a beta of 1.08. The company has a 50 day moving average of $23.51 and a 200 day moving average of $20.90. QAD Inc. has a 52 week low of $17.11 and a 52 week high of $26.55.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of QAD from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a report on Friday, September 2nd. Benchmark Co. increased their target price on shares of QAD from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $26.25.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its position in QAD by 9.5% in the third quarter. BlackRock Fund Advisors now owns 266,240 shares of the company’s stock valued at $5,958,000 after buying an additional 23,022 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in 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 in the last quarter. Northern Trust Corp raised its position in QAD by 0.9% in the third quarter. Northern Trust Corp now owns 101,019 shares of the company’s stock valued at $2,261,000 after buying an additional 948 shares in the last quarter. Bank of New York Mellon Corp raised its position in QAD by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 61,374 shares of the company’s stock valued at $1,373,000 after buying an additional 2,832 shares in the last quarter. Finally, Ranger Investment Management L.P. raised its position in 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 in the last quarter. Institutional investors and hedge funds own 44.83% of the company’s stock.
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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