Unisys Posts Earnings Results, Beats Estimates By $0.03 EPS

Unisys

Unisys (NYSE:UIS) posted its quarterly earnings results on Tuesday. The information technology services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03, Bloomberg Earnings reports.

Unisys had a negative return on equity of 13.35% and a net margin of 1.31%. The business had revenue of $757.60 million during the quarter, compared to analysts’ expectations of $714.85 million. During the same period last year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year.

NYSE UIS opened at $8.49 on Wednesday. Unisys has a 1-year low of $6.39 and a 1-year high of $19.10. The company has a market capitalization of $443.79 million, a P/E ratio of 3.60 and a beta of 1.52. The business has a 50 day moving average price of $7.69 and a 200 day moving average price of $9.17.

Separately, ValuEngine raised Unisys from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.67.

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.

Source: unisys.com
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