QAD (QADA) Releases Earnings Results, Beats Expectations By $0.07 EPS

QAD (QADA) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. QADA said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.08. The company posted revenue of $69.50 million in the period, compared to analysts expectations of $69.25 million. QADA’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on QAD. Company shares were Reiterated by The Benchmark Company on Aug 26, 2016 to “Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .

QAD opened for trading at $25.1 and hit $25.35 on the upside on Monday, eventually ending the session at $25.3, with a gain of 1.00% or 0.25 points. The heightened volatility saw the trading volume jump to 28,076 shares. Company has a market cap of $501 M.

In a different news, on Sep 9, 2015, Daniel Lender (EVP & CFO) sold 14,967 shares at $25.45 per share price. According to the SEC, on Sep 2, 2015, Anton Chilton (EVP, Global Services) sold 7,549 shares at $22.41 per share price. On Jul 16, 2015, Karl F Lopker (CEO) purchased 260,463 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

QAD Inc. is a global provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive life sciences consumer products food and beverage high technology and industrial products industries. QAD Enterprise Applications supports operational requirements including financials manufacturing demand and supply chain planning customer management business intelligence and business process management. The Company monitors emerging business requirements and practices as well as regulatory changes. QAD delivers components of its solution for a range of mobile platforms. The Company’s mobile suite includes a requisition approval solution a mobile business intelligence solution mobile browse capability and mobile application monitoring tools to support system administrators. Its mobile browse capability allows users to view filter and sort data accessible through QAD Browses within QAD Enterprise Applications using mobile devices.


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