Unisys (NYSE:UIS) announced its earnings results on Sunday. The information technology services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.28, MarketWatch Earnings reports. Unisys had a net margin of 41.67% and a negative return on equity of 14.56%. The business had revenue of $576.90 million for the quarter, compared to analysts’ expectations of $556.17 million. During the same period in the previous year, the company posted $0.60 EPS. The company’s quarterly revenue was down 22.2% on a year-over-year basis.
UIS stock traded down $3.21 during trading on Tuesday, hitting $23.39. The stock had a trading volume of 35,900 shares, compared to its average volume of 621,385. The company’s 50 day moving average price is $23.98 and its two-hundred day moving average price is $16.12. Unisys has a 1-year low of $8.25 and a 1-year high of $26.83. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 1.59 and a beta of 0.54.
Separately, Sidoti started coverage on shares of Unisys in a research report on Monday, December 7th. They set a “buy” rating on the stock.
Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.
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