Analysts predict that QAD Inc. (NASDAQ:QADA) will report sales of $73.48 million for the current quarter, according to Zacks. Two analysts have made estimates for QAD’s earnings, with the highest sales estimate coming in at $73.96 million and the lowest estimate coming in at $73.00 million. QAD reported sales of $69.53 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.7%. The company is scheduled to issue its next earnings report on Tuesday, November 28th.
On average, analysts expect that QAD will report full year sales of $73.48 million for the current fiscal year, with estimates ranging from $294.07 million to $295.20 million. For the next financial year, analysts anticipate that the company will post sales of $307.00 million per share. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover QAD.
QAD (NASDAQ:QADA) last released its quarterly earnings data on Friday, August 25th. The software maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. QAD had a negative return on equity of 0.46% and a negative net margin of 5.98%. The firm had revenue of $76 million for the quarter, compared to analysts’ expectations of $72.16 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis.
A number of brokerages recently issued reports on QADA. ValuEngine upgraded shares of QAD from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Canaccord Genuity raised their target price on shares of QAD from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. William Blair restated an “outperform” rating on shares of QAD in a research report on Wednesday, June 28th. BidaskClub lowered shares of QAD from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Zacks Investment Research lowered shares of QAD from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. QAD has a consensus rating of “Buy” and an average target price of $34.25.
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Shares of QAD (NASDAQ QADA) opened at 33.15 on Monday. The firm has a 50-day moving average price of $31.73 and a 200-day moving average price of $30.36. The stock’s market cap is $633.99 million. QAD has a 12 month low of $20.81 and a 12 month high of $34.05.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of QAD by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 10,799 shares of the software maker’s stock valued at $346,000 after purchasing an additional 90 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of QAD by 0.8% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 12,566 shares of the software maker’s stock valued at $402,000 after purchasing an additional 100 shares during the last quarter. American International Group Inc. boosted its holdings in shares of QAD by 7.0% in the 1st quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock valued at $161,000 after purchasing an additional 378 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of QAD by 0.7% in the 1st quarter. Bank of America Corp DE now owns 62,560 shares of the software maker’s stock valued at $1,742,000 after purchasing an additional 450 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of QAD by 10.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock valued at $256,000 after purchasing an additional 786 shares during the last quarter. Institutional investors own 53.06% of the company’s stock.
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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