Unisys (NYSE:UIS) announced its quarterly earnings data on Thursday. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02), Briefing.com reports. Unisys had a negative return on equity of 13.59% and a net margin of 1.95%. The firm had revenue of $688.30 million during the quarter, compared to the consensus estimate of $669.60 million. During the same period last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Unisys updated its FY 2018 guidance to EPS.

NYSE UIS traded down $0.98 during midday trading on Friday, hitting $17.50. 4,288,180 shares of the company traded hands, compared to its average volume of 815,342. The stock has a market capitalization of $959.05 million, a PE ratio of 7.18 and a beta of 1.48. Unisys has a 52 week low of $7.20 and a 52 week high of $20.95.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Spark Investment Management LLC boosted its position in Unisys by 44.6% during the 2nd quarter. Spark Investment Management LLC now owns 261,300 shares of the information technology services provider’s stock valued at $3,370,000 after acquiring an additional 80,600 shares in the last quarter. FMR LLC boosted its position in Unisys by 0.6% during the 2nd quarter. FMR LLC now owns 7,644,679 shares of the information technology services provider’s stock valued at $98,616,000 after acquiring an additional 48,798 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Unisys by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 741,017 shares of the information technology services provider’s stock valued at $9,560,000 after acquiring an additional 50,916 shares in the last quarter. American Century Companies Inc. boosted its position in Unisys by 22.0% during the 2nd quarter. American Century Companies Inc. now owns 231,013 shares of the information technology services provider’s stock valued at $2,980,000 after acquiring an additional 41,594 shares in the last quarter. Finally, WealthTrust Axiom LLC boosted its position in Unisys by 8.8% during the 2nd quarter. WealthTrust Axiom LLC now owns 60,580 shares of the information technology services provider’s stock valued at $781,000 after acquiring an additional 4,900 shares in the last quarter.

UIS has been the topic of several research analyst reports. SunTrust Banks reissued a “buy” rating and issued a $16.00 price objective on shares of Unisys in a research note on Wednesday, August 1st. ValuEngine raised Unisys from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Finally, Zacks Investment Research raised Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Unisys currently has a consensus rating of “Buy” and an average price target of $15.33.

COPYRIGHT VIOLATION WARNING: “Unisys (UIS) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS” was published by Daily Political and is owned by of Daily Political. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2018/11/10/unisys-uis-announces-quarterly-earnings-results-misses-estimates-by-0-02-eps.html.

About Unisys

Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.

Read More: What is a stock buyback?

Earnings History for Unisys (NYSE:UIS)

Receive News & Ratings for Unisys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys and related companies with MarketBeat.com's FREE daily email newsletter.