Unisys (NYSE:UIS) issued its quarterly earnings results on Sunday. The information technology services provider reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.28, MarketWatch Earnings reports. The business had revenue of $576.90 million for the quarter, compared to analysts’ expectations of $556.17 million. Unisys had a net margin of 41.67% and a negative return on equity of 14.56%. The business’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share.
UIS traded down $3.09 during trading on Tuesday, reaching $23.51. 24,572 shares of the stock traded hands, compared to its average volume of 621,385. The stock has a market capitalization of $1.48 billion, a PE ratio of 1.63 and a beta of 0.54. The stock’s 50-day moving average is $23.98 and its 200 day moving average is $16.12. Unisys has a 12 month low of $8.25 and a 12 month high of $26.83.
Separately, Sidoti started coverage on shares of Unisys in a research report on Monday, December 7th. They set a “buy” rating on the stock.
Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.
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