Brokerages Expect Qualys Inc (QLYS) Will Announce Earnings of $0.34 Per Share

Brokerages expect Qualys Inc (NASDAQ:QLYS) to post $0.34 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Qualys’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.35. Qualys posted earnings per share of $0.26 during the same quarter last year, which would suggest a positive year over year growth rate of 30.8%. The business is expected to announce its next quarterly earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that Qualys will report full-year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.42 to $1.48. For the next year, analysts forecast that the business will post earnings of $1.72 per share, with EPS estimates ranging from $1.64 to $1.78. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Qualys.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, May 1st. The software maker reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Qualys had a net margin of 11.40% and a return on equity of 11.88%. The business had revenue of $64.90 million during the quarter, compared to analyst estimates of $63.88 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The company’s revenue was up 22.2% on a year-over-year basis.

Several research analysts have recently weighed in on QLYS shares. Needham & Company LLC restated a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Qualys in a research note on Tuesday, March 6th. Northland Securities set a $70.00 price target on shares of Qualys and gave the company a “buy” rating in a report on Tuesday, February 13th. BidaskClub cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Morgan Stanley increased their target price on shares of Qualys from $65.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $67.00 price objective on shares of Qualys in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Qualys has a consensus rating of “Hold” and a consensus target price of $71.15.

In related news, Director Peter Pace sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $75.68, for a total value of $2,270,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sumedh S. Thakar sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $78.44, for a total value of $156,880.00. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock valued at $3,021,900 over the last ninety days. 18.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QLYS. Legal & General Group Plc lifted its stake in Qualys by 413.6% in the 1st quarter. Legal & General Group Plc now owns 328,559 shares of the software maker’s stock valued at $23,867,000 after acquiring an additional 264,587 shares in the last quarter. Teachers Advisors LLC raised its stake in Qualys by 262.1% in the 4th quarter. Teachers Advisors LLC now owns 305,878 shares of the software maker’s stock valued at $18,154,000 after acquiring an additional 221,398 shares during the period. Renaissance Technologies LLC raised its stake in Qualys by 16.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,300,700 shares of the software maker’s stock valued at $77,197,000 after acquiring an additional 185,200 shares during the period. BlackRock Inc. raised its stake in Qualys by 4.3% in the 1st quarter. BlackRock Inc. now owns 4,156,582 shares of the software maker’s stock valued at $302,392,000 after acquiring an additional 171,465 shares during the period. Finally, Two Sigma Investments LP acquired a new position in Qualys in the 4th quarter valued at $7,770,000. Hedge funds and other institutional investors own 77.31% of the company’s stock.

QLYS traded down $0.10 during trading on Friday, hitting $75.00. 2,246 shares of the company’s stock were exchanged, compared to its average volume of 280,667. Qualys has a 1 year low of $39.25 and a 1 year high of $85.00. The company has a market cap of $2.87 billion, a P/E ratio of 83.44, a P/E/G ratio of 11.22 and a beta of 0.87.

Qualys declared that its board has initiated a share buyback plan on Monday, February 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the software maker to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Qualys Company Profile

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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