Q1 2024 Earnings Forecast for Unisys Co. (NYSE:UIS) Issued By Sidoti Csr

Unisys Co. (NYSE:UIS) – Research analysts at Sidoti Csr increased their Q1 2024 earnings per share (EPS) estimates for shares of Unisys in a research note issued to investors on Tuesday, April 2nd. Sidoti Csr analyst A. Soderstrom now expects that the information technology services provider will post earnings per share of ($0.23) for the quarter, up from their prior forecast of ($0.33). The consensus estimate for Unisys’ current full-year earnings is ($0.05) per share. Sidoti Csr also issued estimates for Unisys’ FY2024 earnings at ($0.05) EPS.

Unisys Stock Performance

UIS stock opened at $5.50 on Thursday. The business’s 50-day moving average price is $5.85 and its two-hundred day moving average price is $5.08. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 78.55. The firm has a market cap of $379.22 million, a PE ratio of -0.87 and a beta of 0.97. Unisys has a 1-year low of $2.60 and a 1-year high of $8.12.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Wednesday, February 21st. The information technology services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.31. The business had revenue of $557.60 million for the quarter, compared to analyst estimates of $535.28 million. Unisys had a negative return on equity of 577.16% and a negative net margin of 21.37%. The firm’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $1.22 EPS.

Institutional Trading of Unisys

A number of institutional investors have recently modified their holdings of the company. Captrust Financial Advisors increased its position in shares of Unisys by 76.7% in the first quarter. Captrust Financial Advisors now owns 3,761 shares of the information technology services provider’s stock valued at $81,000 after acquiring an additional 1,633 shares during the last quarter. UBS Group AG increased its position in shares of Unisys by 152.3% in the first quarter. UBS Group AG now owns 4,690 shares of the information technology services provider’s stock valued at $102,000 after acquiring an additional 2,831 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Unisys by 83.1% in the second quarter. Macquarie Group Ltd. now owns 4,965 shares of the information technology services provider’s stock valued at $60,000 after acquiring an additional 2,253 shares during the last quarter. Advisor Group Holdings Inc. increased its position in Unisys by 1,695.1% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,457 shares of the information technology services provider’s stock worth $27,000 after buying an additional 5,153 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Unisys in the fourth quarter valued at approximately $34,000. 86.87% of the stock is currently owned by institutional investors.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.