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.
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
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