Unisys (UIS) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

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Unisys (NYSE:UIS) released its earnings results on Thursday. 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), Briefing.com reports. Unisys had a negative return on equity of 13.59% and a net margin of 1.95%. The business had revenue of $688.30 million for the quarter, compared to analysts’ expectations of $669.60 million. During the same quarter in the prior year, the business posted $0.31 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Unisys updated its FY 2018 guidance to EPS.

NYSE UIS traded down $0.98 during trading on Friday, hitting $17.50. 4,288,180 shares of the stock traded hands, compared to its average volume of 815,342. The stock has a market capitalization of $959.05 million, a PE ratio of 7.18 and a beta of 1.48. Unisys has a 12-month low of $7.20 and a 12-month high of $20.95.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its holdings in Unisys by 0.3% during the 3rd quarter. Wells Fargo & Company MN now owns 956,923 shares of the information technology services provider’s stock valued at $19,522,000 after buying an additional 3,314 shares in the last quarter. WealthTrust Axiom LLC grew its holdings in Unisys by 8.8% during the 2nd quarter. WealthTrust Axiom LLC now owns 60,580 shares of the information technology services provider’s stock valued at $781,000 after buying an additional 4,900 shares in the last quarter. Advisory Services Network LLC purchased a new position in Unisys during the 3rd quarter valued at approximately $130,000. American International Group Inc. grew its holdings in Unisys by 20.7% during the 3rd quarter. American International Group Inc. now owns 39,704 shares of the information technology services provider’s stock valued at $810,000 after buying an additional 6,818 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Unisys by 305.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 11,056 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 8,329 shares in the last quarter.

Several equities analysts have weighed in on UIS shares. SunTrust Banks restated a “buy” rating and set a $16.00 price target on shares of Unisys in a report on Wednesday, August 1st. ValuEngine upgraded Unisys from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Finally, Zacks Investment Research upgraded Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a report on Thursday, August 2nd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Unisys has an average rating of “Buy” and an average target price of $15.33.

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About Unisys

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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Earnings History for Unisys (NYSE:UIS)

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