Analysts expect QAD Inc. (NASDAQ:QADA) to post $78.67 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for QAD’s earnings. The lowest sales estimate is $78.50 million and the highest is $78.81 million. QAD posted sales of $82.71 million during the same quarter last year, which would indicate a negative year over year growth rate of 4.9%. The business is expected to announce its next earnings results after the market closes on Wednesday, March 18th.
On average, analysts expect that QAD will report full-year sales of $310.91 million for the current fiscal year, with estimates ranging from $310.80 million to $311.03 million. For the next year, analysts expect that the firm will post sales of $330.54 million, with estimates ranging from $328.93 million to $333.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow QAD.
QAD (NASDAQ:QADA) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. The business had revenue of $77.80 million during the quarter, compared to analysts’ expectations of $78.28 million. QAD had a negative return on equity of 0.01% and a negative net margin of 3.63%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS.
A number of equities analysts recently commented on the company. ValuEngine cut QAD from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. Stifel Nicolaus raised their target price on QAD from $49.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. BidaskClub cut QAD from a “hold” rating to a “sell” rating in a report on Friday, February 7th. B. Riley restated a “buy” rating and set a $60.00 target price on shares of QAD in a report on Wednesday, November 27th. Finally, Zacks Investment Research upgraded QAD from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.25.
NASDAQ QADA opened at $52.02 on Thursday. The stock has a market cap of $1.02 billion, a PE ratio of -85.28 and a beta of 1.04. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22. QAD has a twelve month low of $35.00 and a twelve month high of $54.54. The stock has a fifty day simple moving average of $51.64 and a 200-day simple moving average of $46.59.
In related news, President Pamela M. Lopker sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $53.86, for a total transaction of $161,580.00. Following the completion of the transaction, the president now directly owns 4,280,945 shares in the company, valued at approximately $230,571,697.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Pamela M. Lopker sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $48.54, for a total value of $97,080.00. Following the transaction, the president now owns 4,270,095 shares of the company’s stock, valued at $207,270,411.30. The disclosure for this sale can be found here. Insiders have sold a total of 49,569 shares of company stock valued at $2,519,491 over the last 90 days. 51.83% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System boosted its stake in shares of QAD by 19.9% in the 3rd quarter. California Public Employees Retirement System now owns 39,575 shares of the software maker’s stock valued at $1,828,000 after buying an additional 6,555 shares during the period. State Street Corp boosted its stake in shares of QAD by 15.8% in the 3rd quarter. State Street Corp now owns 222,592 shares of the software maker’s stock valued at $10,279,000 after buying an additional 30,346 shares during the period. Boston Partners purchased a new position in shares of QAD in the 3rd quarter valued at about $810,000. Zebra Capital Management LLC purchased a new position in shares of QAD in the 3rd quarter valued at about $235,000. Finally, Rhumbline Advisers boosted its stake in shares of QAD by 4.5% in the 3rd quarter. Rhumbline Advisers now owns 15,189 shares of the software maker’s stock valued at $701,000 after buying an additional 650 shares during the period. Institutional investors own 44.89% of the company’s stock.
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.
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