Unisys (NYSE:UIS) released its quarterly earnings results on Sunday. The information technology services provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.28, MarketWatch Earnings reports. Unisys had a negative return on equity of 14.56% and a net margin of 41.67%. The business had revenue of $576.90 million during the quarter, compared to analyst estimates of $556.17 million. During the same quarter last year, the company posted $0.60 EPS. Unisys’s revenue for the quarter was down 22.2% on a year-over-year basis.
NYSE UIS traded down $3.21 during trading on Tuesday, reaching $23.39. 35,900 shares of the company’s stock were exchanged, compared to its average volume of 621,385. Unisys has a fifty-two week low of $8.25 and a fifty-two week high of $26.83. The firm has a market capitalization of $1.47 billion, a PE ratio of 1.59 and a beta of 0.54. The company’s fifty day simple moving average is $23.98 and its 200-day simple moving average is $16.12.
Separately, Sidoti initiated coverage on Unisys in a research report on Monday, December 7th. They issued a “buy” rating for the company.
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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