QAD Inc. (NASDAQ:QADA) declared a quarterly dividend on Friday, September 6th, NASDAQ reports. Investors of record on Wednesday, September 18th will be paid a dividend of 0.072 per share by the software maker on Wednesday, September 25th. This represents a $0.29 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, September 17th.
QAD has a payout ratio of -1,450.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect QAD to earn $0.03 per share next year, which means the company may not be able to cover its $0.29 annual dividend with an expected future payout ratio of 966.7%.
Shares of QADA opened at $42.92 on Monday. The company’s 50 day moving average price is $40.19 and its 200 day moving average price is $43.20. QAD has a 52 week low of $35.00 and a 52 week high of $60.25. The company has a market capitalization of $836.93 million, a PE ratio of 84.16 and a beta of 1.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.48.
QAD (NASDAQ:QADA) last announced its quarterly earnings data on Wednesday, August 21st. The software maker reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.21. QAD had a negative net margin of 2.70% and a positive return on equity of 2.27%. The firm had revenue of $76.38 million for the quarter, compared to the consensus estimate of $77.89 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue was down 9.7% on a year-over-year basis. On average, equities analysts forecast that QAD will post -0.47 earnings per share for the current fiscal year.
In other QAD news, President Pamela M. Lopker sold 1,217 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $40.16, for a total value of $48,874.72. Following the completion of the sale, the president now directly owns 4,438,878 shares of the company’s stock, valued at $178,265,340.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Pamela M. Lopker sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $43.08, for a total transaction of $129,240.00. Following the completion of the sale, the president now directly owns 4,404,095 shares of the company’s stock, valued at $189,728,412.60. The disclosure for this sale can be found here. Insiders sold 41,895 shares of company stock valued at $1,779,228 over the last three months. Insiders own 51.83% of the company’s stock.
A number of brokerages recently commented on QADA. TheStreet downgraded shares of QAD from a “b-” rating to a “c” rating in a research report on Wednesday, May 29th. BidaskClub raised shares of QAD from a “sell” rating to a “hold” rating in a research report on Tuesday, August 27th. B. Riley set a $55.00 price objective on shares of QAD and gave the company a “buy” rating in a research report on Friday, August 16th. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, August 13th. Finally, ValuEngine raised shares of QAD from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. QAD currently has a consensus rating of “Buy” and an average price target of $50.33.
QAD Company Profile
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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