QAD Inc. (QADA) Expected to Announce Earnings of $0.12 Per Share

Equities research analysts expect that QAD Inc. (NASDAQ:QADA) will report $0.12 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for QAD’s earnings, with estimates ranging from $0.10 to $0.14. QAD reported earnings of $0.16 per share in the same quarter last year, which indicates a negative year over year growth rate of 25%. The business is expected to report its next earnings report after the market closes on Wednesday, March 21st.

According to Zacks, analysts expect that QAD will report full year earnings of $0.30 per share for the current financial year, with EPS estimates ranging from $0.28 to $0.32. For the next year, analysts forecast that the business will report earnings of $0.58 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for QAD.

QAD (NASDAQ:QADA) last posted its quarterly earnings results on Tuesday, November 21st. The software maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $76.93 million during the quarter, compared to analysts’ expectations of $73.99 million. QAD had a negative return on equity of 2.06% and a negative net margin of 6.40%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS.

QADA has been the subject of several recent analyst reports. Zacks Investment Research cut QAD from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. BidaskClub cut QAD from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $44.00 price objective (up from $36.00) on shares of QAD in a report on Wednesday, November 22nd. They noted that the move was a valuation call. Finally, Stifel Nicolaus lifted their price objective on QAD from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $43.33.

QAD (NASDAQ:QADA) traded up $0.10 on Friday, hitting $42.85. The stock had a trading volume of 99,028 shares, compared to its average volume of 49,900. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.12. The firm has a market cap of $824.65, a PE ratio of -41.60 and a beta of 1.07. QAD has a 1-year low of $26.04 and a 1-year high of $45.35.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in QAD by 2.5% during the fourth quarter. BlackRock Inc. now owns 641,107 shares of the software maker’s stock worth $24,905,000 after purchasing an additional 15,678 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in QAD by 21.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 480,981 shares of the software maker’s stock worth $18,686,000 after purchasing an additional 83,358 shares during the last quarter. Vanguard Group Inc. raised its holdings in QAD by 8.5% during the second quarter. Vanguard Group Inc. now owns 399,989 shares of the software maker’s stock worth $12,820,000 after purchasing an additional 31,322 shares during the last quarter. Boston Partners raised its holdings in QAD by 6.8% during the third quarter. Boston Partners now owns 221,610 shares of the software maker’s stock worth $7,612,000 after purchasing an additional 14,150 shares during the last quarter. Finally, State Street Corp raised its holdings in QAD by 5.0% during the second quarter. State Street Corp now owns 196,869 shares of the software maker’s stock worth $6,309,000 after purchasing an additional 9,446 shares during the last quarter. 45.17% of the stock is owned by hedge funds and other institutional investors.

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QAD Company Profile

QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.

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