Equities research analysts expect that Unisys Co. (NYSE:UIS) will report $752.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Unisys’ earnings, with estimates ranging from $750.80 million to $753.20 million. Unisys posted sales of $746.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.7%. The business is scheduled to report its next earnings results after the market closes on Tuesday, February 12th.
On average, analysts expect that Unisys will report full year sales of $2.79 billion for the current year, with estimates ranging from $2.76 billion to $2.82 billion. For the next financial year, analysts expect that the business will post sales of $2.85 billion, with estimates ranging from $2.80 billion to $2.90 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Unisys.
Unisys (NYSE:UIS) last announced its quarterly earnings data on Thursday, November 8th. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Unisys had a negative return on equity of 15.39% and a net margin of 3.62%. The firm had revenue of $688.30 million during the quarter, compared to analysts’ expectations of $669.60 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.
Several brokerages recently weighed in on UIS. ValuEngine upgraded Unisys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Loop Capital set a $13.00 price target on Unisys and gave the company a “hold” rating in a research report on Wednesday, December 12th. Finally, Zacks Investment Research upgraded Unisys from a “sell” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, January 11th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.33.
UIS stock traded down $0.38 during trading on Wednesday, hitting $12.29. 695,238 shares of the company traded hands, compared to its average volume of 447,498. The stock has a market cap of $646.48 million, a P/E ratio of 5.08 and a beta of 1.45. Unisys has a 1 year low of $9.40 and a 1 year high of $20.95.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Unisys by 111.8% in the third quarter. BlackRock Inc. now owns 7,366,240 shares of the information technology services provider’s stock valued at $150,272,000 after buying an additional 3,888,241 shares in the last quarter. Vanguard Group Inc increased its position in shares of Unisys by 25.3% in the third quarter. Vanguard Group Inc now owns 7,942,893 shares of the information technology services provider’s stock valued at $162,035,000 after buying an additional 1,601,496 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Unisys by 25.3% in the third quarter. Vanguard Group Inc. now owns 7,942,893 shares of the information technology services provider’s stock valued at $162,035,000 after buying an additional 1,601,496 shares in the last quarter. Phocas Financial Corp. purchased a new stake in shares of Unisys in the third quarter valued at approximately $11,393,000. Finally, Bank of New York Mellon Corp increased its position in shares of Unisys by 127.2% in the third quarter. Bank of New York Mellon Corp now owns 652,922 shares of the information technology services provider’s stock valued at $13,319,000 after buying an additional 365,506 shares in the last quarter.
Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.
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