SunTrust Banks Equities Analysts Lift Earnings Estimates for Unisys Co. (UIS)

Share on StockTwits

Unisys Co. (NYSE:UIS) – Equities researchers at SunTrust Banks lifted their Q2 2019 earnings per share (EPS) estimates for shares of Unisys in a research note issued on Wednesday, April 10th. SunTrust Banks analyst F. Atkins now anticipates that the information technology services provider will post earnings per share of $0.32 for the quarter, up from their previous forecast of $0.30. SunTrust Banks currently has a “Buy” rating and a $17.00 target price on the stock.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Unisys from a “sell” rating to a “buy” rating and set a $14.00 target price for the company in a report on Friday, January 11th. ValuEngine upgraded Unisys from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Unisys currently has a consensus rating of “Hold” and a consensus target price of $14.67.

Shares of NYSE:UIS opened at $11.22 on Monday. The firm has a market capitalization of $590.09 million, a price-to-earnings ratio of 5.75 and a beta of 1.46. Unisys has a 52-week low of $10.46 and a 52-week high of $20.95.

Unisys (NYSE:UIS) last issued its earnings results on Tuesday, February 12th. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.31. The company had revenue of $760.90 million during the quarter, compared to analysts’ expectations of $752.00 million. Unisys had a negative return on equity of 10.65% and a net margin of 2.67%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 EPS.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its holdings in shares of Unisys by 179.4% during the 1st quarter. Meeder Asset Management Inc. now owns 11,706 shares of the information technology services provider’s stock worth $136,000 after purchasing an additional 7,517 shares during the period. 6 Meridian purchased a new position in shares of Unisys in the 1st quarter valued at about $183,000. Geode Capital Management LLC increased its holdings in shares of Unisys by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 517,493 shares of the information technology services provider’s stock valued at $6,018,000 after acquiring an additional 25,027 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Unisys by 17.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,335,971 shares of the information technology services provider’s stock valued at $15,537,000 after acquiring an additional 202,443 shares during the last quarter. Finally, Mutual Advisors LLC increased its holdings in shares of Unisys by 3.1% in the 4th quarter. Mutual Advisors LLC now owns 79,805 shares of the information technology services provider’s stock valued at $928,000 after acquiring an additional 2,400 shares during the last quarter.

Unisys Company Profile

Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.

Featured Article: Market Capitalization – What it Means for Investors

Receive News & Ratings for Unisys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys and related companies with MarketBeat.com's FREE daily email newsletter.