Zacks: Analysts Anticipate QAD Inc. (QADA) Will Announce Quarterly Sales of $81.62 Million

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Equities research analysts expect QAD Inc. (NASDAQ:QADA) to post $81.62 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for QAD’s earnings, with estimates ranging from $81.60 million to $81.66 million. QAD posted sales of $80.75 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.1%. The firm is expected 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 financial year, analysts forecast that the firm will post sales of $349.62 million, with estimates ranging from $342.36 million to $353.30 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for QAD.

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

Several equities analysts have recently weighed in on QADA shares. BidaskClub cut shares of QAD from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. B. Riley set a $62.00 price objective on shares of QAD and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Finally, Stifel Nicolaus lowered their price objective on shares of QAD from $61.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. QAD presently has a consensus rating of “Buy” and an average target price of $53.25.

In related news, President Pamela M. Lopker sold 4,000 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $42.12, for a total value of $168,480.00. Following the completion of the sale, the president now directly owns 5,016,095 shares of the company’s stock, valued at approximately $211,277,921.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Pamela M. Lopker sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $40.28, for a total transaction of $201,400.00. Following the completion of the sale, the president now directly owns 5,000,095 shares of the company’s stock, valued at $201,403,826.60. The disclosure for this sale can be found here. Insiders sold a total of 16,000 shares of company stock valued at $655,260 over the last three months. 43.70% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings in QAD by 9.4% during the 2nd quarter. Northern Trust Corp now owns 129,398 shares of the software maker’s stock valued at $6,489,000 after buying an additional 11,092 shares in the last quarter. Acadian Asset Management LLC grew its holdings in QAD by 41.0% during the 3rd quarter. Acadian Asset Management LLC now owns 104,439 shares of the software maker’s stock valued at $5,916,000 after buying an additional 30,363 shares in the last quarter. Bamco Inc. NY grew its holdings in QAD by 50.0% during the 3rd quarter. Bamco Inc. NY now owns 75,000 shares of the software maker’s stock valued at $4,249,000 after buying an additional 25,000 shares in the last quarter. Prudential Financial Inc. grew its holdings in QAD by 61.9% during the 3rd quarter. Prudential Financial Inc. now owns 26,541 shares of the software maker’s stock valued at $1,503,000 after buying an additional 10,146 shares in the last quarter. Finally, Bahl & Gaynor Inc. purchased a new stake in QAD during the 3rd quarter valued at approximately $865,000. 45.16% of the stock is owned by institutional investors.

Shares of NASDAQ:QADA traded down $0.50 during trading on Friday, hitting $38.97. The company’s stock had a trading volume of 7,154 shares, compared to its average volume of 51,485. QAD has a 12 month low of $38.39 and a 12 month high of $61.80. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $771.85 million, a PE ratio of -82.94 and a beta of 1.24.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Wednesday, December 26th will be issued a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Monday, December 24th. QAD’s dividend payout ratio is -61.70%.

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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