QAD (QADA) Posts Earnings Results, Beats Expectations By $0.10 EPS

QAD (NASDAQ:QADA) released its quarterly earnings data on Wednesday. The software maker reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10, Morningstar.com reports. QAD had a return on equity of 8.33% and a net margin of 3.13%. The company had revenue of $78.00 million for the quarter, compared to analyst estimates of $78.25 million. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. QAD updated its FY 2020 guidance to EPS and its Q2 2020 guidance to EPS.

NASDAQ QADA traded down $0.98 during trading on Thursday, reaching $45.82. The company’s stock had a trading volume of 4,637 shares, compared to its average volume of 40,360. The firm has a market capitalization of $933.65 million, a P/E ratio of 89.83 and a beta of 1.27. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.10. QAD has a one year low of $38.39 and a one year high of $61.80.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were paid a $0.072 dividend. The ex-dividend date was Monday, April 22nd. This represents a $0.29 dividend on an annualized basis and a yield of 0.63%. QAD’s dividend payout ratio is currently 56.86%.

A number of research firms recently issued reports on QADA. BidaskClub upgraded QAD from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. ValuEngine lowered QAD from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. TheStreet upgraded QAD from a “c” rating to a “b-” rating in a research note on Thursday, March 21st. Finally, B. Riley set a $55.00 target price on QAD and gave the stock a “buy” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.33.

In other QAD news, President Pamela M. Lopker sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $42.20, for a total value of $211,000.00. Following the transaction, the president now directly owns 4,528,095 shares in the company, valued at approximately $191,085,609. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Pamela M. Lopker sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $44.28, for a total value of $88,560.00. Following the completion of the transaction, the president now owns 4,555,095 shares in the company, valued at $201,699,606.60. The disclosure for this sale can be found here. Insiders sold a total of 68,000 shares of company stock worth $3,097,500 over the last 90 days. Corporate insiders own 51.83% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in QADA. Marshall Wace North America L.P. purchased a new position in shares of QAD in the 1st quarter worth about $41,000. Quantamental Technologies LLC purchased a new position in shares of QAD in the 4th quarter worth about $48,000. US Bancorp DE boosted its holdings in shares of QAD by 1,032.8% in the 1st quarter. US Bancorp DE now owns 1,348 shares of the software maker’s stock worth $58,000 after purchasing an additional 1,229 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of QAD by 32.9% in the 4th quarter. Legal & General Group Plc now owns 1,947 shares of the software maker’s stock worth $76,000 after purchasing an additional 482 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of QAD by 21,650.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,175 shares of the software maker’s stock worth $94,000 after purchasing an additional 2,165 shares in the last quarter. Institutional investors and hedge funds own 46.09% of the company’s stock.

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About QAD

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 for QAD (NASDAQ:QADA)

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