Analysts forecast that QAD Inc. (NASDAQ:QADA) will post $0.09 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for QAD’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.12. QAD posted earnings per share of $0.22 during the same quarter last year, which indicates a negative year over year growth rate of 59.1%. The firm is expected to report its next earnings results after the market closes on Tuesday, November 26th.

According to Zacks, analysts expect that QAD will report full-year earnings of $0.22 per share for the current year, with EPS estimates ranging from $0.21 to $0.23. For the next fiscal year, analysts forecast that the firm will post earnings of $0.70 per share, with EPS estimates ranging from $0.47 to $0.88. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow QAD.

QAD (NASDAQ:QADA) last announced its quarterly earnings data on Wednesday, August 21st. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.21. QAD had a positive return on equity of 2.27% and a negative net margin of 2.70%. The firm had revenue of $76.38 million for the quarter, compared to analysts’ expectations of $77.89 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. QAD’s revenue for the quarter was down 9.7% compared to the same quarter last year.

Several brokerages have issued reports on QADA. William Blair restated an “outperform” rating on shares of QAD in a research note on Wednesday, August 28th. BidaskClub upgraded QAD from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. ValuEngine cut QAD from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 10th. B. Riley set a $55.00 price objective on QAD and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Zacks Investment Research cut QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $52.33.

Shares of NASDAQ QADA opened at $47.99 on Tuesday. The stock’s 50 day moving average price is $45.86 and its two-hundred day moving average price is $43.57. QAD has a 52-week low of $35.00 and a 52-week high of $49.65. The stock has a market capitalization of $979.61 million, a P/E ratio of 94.10 and a beta of 1.04. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.23.

In other news, President Pamela M. Lopker sold 20,792 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $45.54, for a total transaction of $946,867.68. Following the sale, the president now directly owns 4,311,303 shares in the company, valued at approximately $196,336,738.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Pamela M. Lopker sold 778 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $42.00, for a total value of $32,676.00. Following the sale, the president now owns 4,422,095 shares in the company, valued at $185,727,990. The disclosure for this sale can be found here. Insiders have sold a total of 77,570 shares of company stock worth $3,471,864 over the last quarter. Insiders own 51.83% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can acquired a new stake in shares of QAD during the 2nd quarter worth approximately $38,000. Marshall Wace North America L.P. acquired a new stake in shares of QAD during the 1st quarter worth approximately $41,000. Aperio Group LLC acquired a new stake in shares of QAD during the 2nd quarter worth approximately $74,000. SG Americas Securities LLC acquired a new stake in shares of QAD during the 2nd quarter worth approximately $108,000. Finally, Susquehanna International Group LLP raised its position in shares of QAD by 150.5% during the 2nd quarter. Susquehanna International Group LLP now owns 6,006 shares of the software maker’s stock worth $242,000 after purchasing an additional 17,906 shares during the period. Institutional investors and hedge funds own 43.78% of the company’s stock.

QAD Company Profile

QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.

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Earnings History and Estimates for QAD (NASDAQ:QADA)

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