$77.85 Million in Sales Expected for QAD Inc. (NASDAQ:QADA) This Quarter

Analysts forecast that QAD Inc. (NASDAQ:QADA) will report sales of $77.85 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for QAD’s earnings, with estimates ranging from $77.20 million to $78.50 million. QAD posted sales of $84.54 million during the same quarter last year, which would indicate a negative year over year growth rate of 7.9%. The firm is scheduled to report its next earnings report on Wednesday, August 28th.

On average, analysts expect that QAD will report full year sales of $330.01 million for the current fiscal year, with estimates ranging from $329.20 million to $330.80 million. For the next fiscal year, analysts expect that the firm will report sales of $350.92 million, with estimates ranging from $346.80 million to $353.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover QAD.

QAD (NASDAQ:QADA) last issued its quarterly earnings results on Wednesday, May 29th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. QAD had a net margin of 1.78% and a return on equity of 4.83%. The company had revenue of $78.00 million during the quarter, compared to analyst estimates of $78.25 million. During the same quarter last year, the business posted $0.06 EPS. QAD’s quarterly revenue was down 9.5% compared to the same quarter last year.

Several equities research analysts have recently issued reports on QADA shares. TheStreet upgraded shares of QAD from a “c” rating to a “b-” rating in a research note on Thursday, March 21st. B. Riley set a $55.00 price objective on shares of QAD and gave the company a “buy” rating in a research note on Thursday, March 21st. BidaskClub upgraded shares of QAD from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Finally, Zacks Investment Research upgraded shares of QAD from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Saturday, March 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a 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 related news, President Pamela M. Lopker sold 4,000 shares of QAD stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $45.55, for a total value of $182,200.00. Following the completion of the transaction, the president now directly owns 4,539,095 shares in the company, valued at approximately $206,755,777.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Pamela M. Lopker sold 5,000 shares of QAD stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $42.20, for a total transaction of $211,000.00. Following the completion of the transaction, the president now owns 4,528,095 shares of the company’s stock, valued at $191,085,609. The disclosure for this sale can be found here. Insiders sold a total of 62,000 shares of company stock valued at $2,806,600 over the last quarter. 51.83% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. SEI Investments Co grew its stake in QAD by 3.3% in the 1st quarter. SEI Investments Co now owns 12,376 shares of the software maker’s stock valued at $533,000 after buying an additional 400 shares in the last quarter. Victory Capital Management Inc. grew its stake in QAD by 15.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,137 shares of the software maker’s stock valued at $123,000 after buying an additional 411 shares in the last quarter. Legal & General Group Plc grew its stake in QAD by 32.9% in the 4th quarter. Legal & General Group Plc now owns 1,947 shares of the software maker’s stock valued at $76,000 after buying an additional 482 shares in the last quarter. Swiss National Bank boosted its holdings in QAD by 3.8% in the 1st quarter. Swiss National Bank now owns 19,300 shares of the software maker’s stock valued at $831,000 after purchasing an additional 700 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in QAD in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 46.09% of the company’s stock.

Shares of QADA stock traded down $0.39 during trading hours on Friday, hitting $41.75. 34,400 shares of the company were exchanged, compared to its average volume of 57,897. 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 52-week low of $38.32 and a 52-week high of $61.80. The firm has a market cap of $834.32 million, a P/E ratio of 81.86 and a beta of 1.24.

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.

See Also: How does equity income fit into an investing strategy?

Get a free copy of the Zacks research report on QAD (QADA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for QAD (NASDAQ:QADA)

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