Unisys (NYSE:UIS – Get Free Report) posted its earnings results on Wednesday. The information technology services provider reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.09, FiscalAI reports. The business had revenue of $471.50 million during the quarter, compared to the consensus estimate of $449.92 million. Unisys had a negative net margin of 21.65% and a negative return on equity of 14.09%.
Unisys Stock Performance
Shares of UIS stock traded down $0.01 during mid-day trading on Wednesday, reaching $2.35. 1,484,004 shares of the company were exchanged, compared to its average volume of 836,477. The business’s 50 day simple moving average is $2.43 and its 200 day simple moving average is $2.80. Unisys has a fifty-two week low of $1.97 and a fifty-two week high of $4.98. The company has a market capitalization of $171.73 million, a P/E ratio of -0.40, a P/E/G ratio of 0.37 and a beta of 1.98.
Analyst Ratings Changes
A number of analysts have recently weighed in on UIS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research note on Thursday, October 15th. Zacks Research downgraded Unisys from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, Needham & Company LLC lowered their target price on shares of Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.00.
View Our Latest Research Report on Unisys
Insider Transactions at Unisys
In other news, CAO David Brown sold 10,553 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $2.54, for a total value of $26,804.62. Following the completion of the transaction, the chief accounting officer owned 103,558 shares of the company’s stock, valued at approximately $263,037.32. This represents a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.56% of the stock is owned by insiders.
Unisys Company Profile
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.
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