QAD Inc. (QADA) Updates FY17 Earnings Guidance
QAD Inc. (NASDAQ:QADA) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.38-0.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39. The company issued revenue guidance of $277-279 million, compared to the consensus revenue estimate of $277.89 million.
QAD Inc. (NASDAQ:QADA) traded up 1.37% on Tuesday, hitting $25.85. 49,359 shares of the company’s stock were exchanged. QAD Inc. has a 12-month low of $17.11 and a 12-month high of $26.06. The company has a market cap of $490.45 million, a PE ratio of 108.16 and a beta of 1.08. The company’s 50-day moving average price is $23.68 and its 200-day moving average price is $21.01.
QAD (NASDAQ:QADA) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The firm earned $69.50 million during the quarter, compared to analysts’ expectations of $69.25 million. QAD had a net margin of 1.68% and a return on equity of 5.00%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. Analysts forecast that QAD Inc. will post $0.39 earnings per share for the current year.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of QAD from a hold rating to a strong-buy rating and set a $26.00 price objective for the company in a report on Friday, September 2nd. Benchmark Co. lifted their price objective on shares of QAD from $22.00 to $24.00 and gave the company a buy rating in a report on Friday, August 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $26.25.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. boosted its position in QAD by 6.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 37,164 shares of the company’s stock valued at $831,000 after buying an additional 2,200 shares during the period. The Manufacturers Life Insurance Company purchased a new position in QAD during the third quarter valued at approximately $157,000. Two Sigma Advisers LP boosted its position in QAD by 4.2% in the third quarter. Two Sigma Advisers LP now owns 32,500 shares of the company’s stock valued at $727,000 after buying an additional 1,300 shares during the period. Morgan Stanley boosted its position in QAD by 5.4% in the third quarter. Morgan Stanley now owns 25,400 shares of the company’s stock valued at $569,000 after buying an additional 1,311 shares during the period. Finally, Northern Trust Corp boosted 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 during the period. Institutional investors own 43.42% 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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