Zacks: Brokerages Anticipate QAD Inc. (QADA) Will Announce Quarterly Sales of $71.97 Million
Wall Street analysts predict that QAD Inc. (NASDAQ:QADA) will report $71.97 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for QAD’s earnings, with the highest sales estimate coming in at $72.04 million and the lowest estimate coming in at $71.90 million. QAD posted sales of $69.78 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, August 24th.
On average, analysts expect that QAD will report full-year sales of $71.97 million for the current fiscal year, with estimates ranging from $291.03 million to $291.30 million. For the next fiscal year, analysts expect that the firm will report sales of $306.00 million per share. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow QAD.
QAD (NASDAQ:QADA) last posted its quarterly earnings data on Thursday, May 25th. The software maker reported ($0.13) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). QAD had a positive return on equity of 1.22% and a negative net margin of 5.49%. The firm had revenue of $71.40 million during the quarter, compared to the consensus estimate of $68.54 million. During the same period in the prior year, the company earned ($0.07) EPS. The firm’s revenue was up 9.2% compared to the same quarter last year.
Several equities analysts recently issued reports on QADA shares. ValuEngine raised QAD from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut QAD from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Sidoti started coverage on QAD in a report on Wednesday, April 19th. They set a “neutral” rating for the company. Zacks Investment Research cut QAD from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of QAD in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. QAD currently has an average rating of “Hold” and an average target price of $33.50.
QAD (QADA) opened at 31.20 on Friday. QAD has a 1-year low of $19.22 and a 1-year high of $33.40. The company has a 50-day moving average price of $31.30 and a 200 day moving average price of $29.91. The firm’s market capitalization is $593.70 million.
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Several institutional investors have recently added to or reduced their stakes in QADA. American International Group Inc. boosted its position in QAD by 7.0% in the first quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock worth $161,000 after buying an additional 378 shares during the period. O Shaughnessy Asset Management LLC bought a new position in QAD during the first quarter worth $243,000. Dynamic Technology Lab Private Ltd bought a new position in QAD during the first quarter worth $247,000. Stifel Financial Corp bought a new position in QAD during the first quarter worth $262,000. Finally, Rhumbline Advisers boosted its position in QAD by 0.8% in the second quarter. Rhumbline Advisers now owns 10,799 shares of the software maker’s stock worth $346,000 after buying an additional 90 shares during the period. 52.03% of the stock is owned by institutional investors.
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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