QAD (NASDAQ:QADA) Issues Earnings Results

QAD (NASDAQ:QADA) released its quarterly earnings data on Tuesday. The software maker reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.10, Briefing.com reports. QAD had a negative net margin of 2.70% and a positive return on equity of 2.27%. The company had revenue of $77.80 million during the quarter, compared to analysts’ expectations of $78.28 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. QAD updated its FY 2020
After-Hours guidance to EPS.

QADA opened at $50.12 on Wednesday. QAD has a fifty-two week low of $35.00 and a fifty-two week high of $50.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 1.48. The company has a fifty day moving average of $46.79 and a two-hundred day moving average of $43.70. The stock has a market capitalization of $976.56 million, a price-to-earnings ratio of 98.27 and a beta of 1.04.

A number of research analysts have weighed in on QADA shares. BidaskClub cut shares of QAD from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. ValuEngine cut shares of QAD from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 10th. William Blair reaffirmed an “outperform” rating on shares of QAD in a report on Wednesday, August 28th. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, B. Riley set a $55.00 price objective on shares of QAD and gave the company a “buy” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. QAD presently has a consensus rating of “Buy” and an average price target of $52.50.

In other news, President Pamela M. Lopker sold 778 shares of QAD stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $42.00, for a total value of $32,676.00. Following the sale, the president now owns 4,422,095 shares in the company, valued at $185,727,990. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Pamela M. Lopker sold 1,000 shares of QAD stock in a transaction dated Monday, September 9th. The shares were 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 owns 4,421,095 shares in the company, valued at approximately $181,264,895. The disclosure for this sale can be found here. Insiders sold 93,570 shares of company stock valued at $4,251,594 in the last ninety days. 51.83% of the stock is owned by corporate insiders.

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.

Further Reading: Market Capitalization

Earnings History for QAD (NASDAQ:QADA)

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