Unisys (NYSE:UIS) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Unisys (NYSE:UIS) announced its earnings results on Wednesday. The information technology services provider reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.09, FiscalAI reports. Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%. The firm had revenue of $471.50 million during the quarter, compared to analysts’ expectations of $449.92 million.

Unisys Stock Up 0.2%

NYSE UIS traded up $0.00 during trading on Thursday, hitting $2.35. The company’s stock had a trading volume of 1,737,137 shares, compared to its average volume of 840,316. Unisys has a 52 week low of $1.97 and a 52 week high of $4.98. The firm has a market cap of $171.65 million, a P/E ratio of -0.40, a price-to-earnings-growth ratio of 0.35 and a beta of 1.98. The firm has a 50 day moving average price of $2.42 and a 200 day moving average price of $2.80.

Insider Activity

In related news, CAO David Brown sold 10,553 shares of Unisys stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $2.54, for a total transaction of $26,804.62. Following the sale, the chief accounting officer directly owned 103,558 shares of the company’s stock, valued at $263,037.32. This trade represents a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.56% of the company’s stock.

Wall Street Analyst Weigh In

UIS has been the subject of several recent analyst reports. Needham & Company LLC decreased their price objective on shares of Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research report on Thursday, October 15th. Finally, Zacks Research cut shares of Unisys from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.00.

About Unisys

Unisys Corporation (NYSE:UIS) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its offerings include cloud services, infrastructure modernization, cybersecurity, digital workplace solutions, application services and business process services.

The company serves commercial businesses, governments and other public-sector organizations across North America, Europe, the Asia-Pacific region and Latin America.