QAD Inc. (QADA) Expected to Announce Quarterly Sales of $81.62 Million

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Brokerages forecast that QAD Inc. (NASDAQ:QADA) will announce sales of $81.62 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for QAD’s earnings, with estimates ranging from $81.60 million to $81.66 million. QAD reported sales of $80.75 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 20th.

According to Zacks, analysts expect that QAD will report full year sales of $331.96 million for the current financial year, with estimates ranging from $331.90 million to $332.00 million. For the next fiscal year, analysts forecast that the company will post sales of $349.62 million, with estimates ranging from $342.36 million to $353.30 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover QAD.

QAD (NASDAQ:QADA) last announced its quarterly earnings results on Tuesday, November 20th. The software maker reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. QAD had a return on equity of 0.08% and a net margin of 0.10%. The firm had revenue of $79.58 million during the quarter, compared to analyst estimates of $81.12 million. During the same quarter in the previous year, the business earned ($0.01) EPS. QAD’s revenue for the quarter was up 3.4% compared to the same quarter last year.

Several equities analysts recently weighed in on the company. BidaskClub upgraded QAD from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Stifel Nicolaus lifted their price target on QAD from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, B. Riley set a $62.00 price target on QAD and gave the company a “buy” rating in a research note on Wednesday, November 21st. One analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $53.25.

A number of hedge funds have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its holdings in QAD by 8.0% in the 3rd quarter. Teachers Advisors LLC now owns 20,112 shares of the software maker’s stock worth $1,139,000 after buying an additional 1,486 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in QAD by 10.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 25,247 shares of the software maker’s stock worth $1,430,000 after buying an additional 2,481 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in QAD by 57.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 7,567 shares of the software maker’s stock worth $429,000 after buying an additional 2,769 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in QAD by 20.0% in the 3rd quarter. Wells Fargo & Company MN now owns 18,159 shares of the software maker’s stock worth $1,029,000 after buying an additional 3,023 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in QAD by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 82,733 shares of the software maker’s stock worth $4,149,000 after buying an additional 3,606 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Shares of QAD stock opened at $40.57 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.11. QAD has a twelve month low of $37.45 and a twelve month high of $61.80. The stock has a market capitalization of $803.44 million, a P/E ratio of -86.32 and a beta of 1.30.

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.

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