Zacks: QAD Inc. (NASDAQ:QADB) Receives Consensus Rating of “Strong Buy” from Analysts
QAD Inc. (NASDAQ:QADB) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Zacks has also assigned QAD an industry rank of 177 out of 265 based on the ratings given to its competitors.
Separately, TheStreet upgraded shares of QAD from a “hold” rating to a “buy” rating in a report on Monday, August 1st.
QAD (NASDAQ:QADB) opened at 20.00 on Wednesday. QAD has a 1-year low of $13.79 and a 1-year high of $23.43. The firm has a market cap of $379.46 million, a P/E ratio of 83.68 and a beta of 1.14. The firm has a 50-day moving average of $19.18 and a 200 day moving average of $17.55.
QAD (NASDAQ:QADB) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. QAD had a net margin of 1.68% and a return on equity of 5.00%. On average, analysts predict that QAD will post $0.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Wednesday, September 28th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 26th. This represents a $0.24 annualized dividend and a dividend yield of 1.20%. QAD’s payout ratio is 100.00%.
An institutional investor recently raised its position in QAD stock. Vanguard Group Inc. raised its stake in shares of QAD Inc. (NASDAQ:QADB) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,512 shares of the company’s stock after buying an additional 400 shares during the period. Vanguard Group Inc. owned about 0.20% of QAD worth $666,000 as of its most recent filing with the SEC. Institutional investors own 2.88% of the company’s stock.
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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