Wall Street analysts forecast that QAD Inc. (NASDAQ:QADA) will post $76.53 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for QAD’s earnings. The lowest sales estimate is $75.80 million and the highest is $77.25 million. QAD reported sales of $73.26 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, March 21st.

According to Zacks, analysts expect that QAD will report full year sales of $76.53 million for the current year, with estimates ranging from $300.10 million to $301.51 million. For the next fiscal year, analysts forecast that the business will post sales of $313.40 million per share. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover QAD.

QAD (NASDAQ:QADA) last issued its quarterly earnings data on Tuesday, November 21st. The software maker reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $76.93 million during the quarter, compared to analyst estimates of $73.99 million. QAD had a negative return on equity of 2.06% and a negative net margin of 6.40%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS.

Several equities analysts have recently issued reports on the company. BidaskClub raised QAD from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Zacks Investment Research raised QAD from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Thursday, October 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $44.00 target price (up from $36.00) on shares of QAD in a report on Wednesday, November 22nd. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their target price on QAD from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in QAD by 10.4% during the second quarter. Renaissance Technologies LLC now owns 661,177 shares of the software maker’s stock valued at $21,191,000 after purchasing an additional 62,300 shares during the period. Vanguard Group Inc. grew its holdings in QAD by 8.5% during the second quarter. Vanguard Group Inc. now owns 399,989 shares of the software maker’s stock valued at $12,820,000 after purchasing an additional 31,322 shares during the period. Boston Partners grew its holdings in QAD by 6.8% during the third quarter. Boston Partners now owns 221,610 shares of the software maker’s stock valued at $7,612,000 after purchasing an additional 14,150 shares during the period. State Street Corp grew its holdings in QAD by 5.0% during the second quarter. State Street Corp now owns 196,869 shares of the software maker’s stock valued at $6,309,000 after purchasing an additional 9,446 shares during the period. Finally, Northern Trust Corp grew its holdings in QAD by 26.0% during the second quarter. Northern Trust Corp now owns 128,307 shares of the software maker’s stock valued at $4,112,000 after purchasing an additional 26,507 shares during the period. 44.89% of the stock is owned by institutional investors and hedge funds.

QAD (QADA) traded down $0.05 during mid-day trading on Friday, hitting $41.60. The stock had a trading volume of 41,913 shares, compared to its average volume of 45,317. The company has a market capitalization of $859.29, a price-to-earnings ratio of -40.39 and a beta of 1.07. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. QAD has a 52 week low of $26.04 and a 52 week high of $45.35.

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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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