Unisys (NYSE:UIS) Announces Earnings Results, Beats Estimates By $0.09 EPS

Unisys (NYSE:UIS) announced its earnings results on Wednesday. The information technology services provider reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.09, FiscalAI reports. The company had revenue of $471.50 million during the quarter, compared to analysts’ expectations of $449.92 million. Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%.

Unisys Price Performance

Shares of Unisys stock traded down $0.01 on Wednesday, reaching $2.35. 1,484,535 shares of the company were exchanged, compared to its average volume of 875,907. The stock’s 50 day moving average price is $2.42 and its 200-day moving average price is $2.80. Unisys has a 1-year low of $1.97 and a 1-year high of $4.98. The company has a market cap of $171.73 million, a P/E ratio of -0.40, a price-to-earnings-growth ratio of 0.35 and a beta of 1.98.

Insider Transactions at Unisys

In other Unisys news, CAO David Brown sold 10,553 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $2.54, for a total value of $26,804.62. Following the sale, the chief accounting officer directly owned 103,558 shares of the company’s stock, valued at approximately $263,037.32. This represents a 9.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 11.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

UIS has been the subject of several recent research reports. Zacks Research lowered shares of Unisys from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a report on Thursday, October 15th. Finally, Needham & Company LLC decreased their price target on shares of Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.00.

About Unisys

Unisys Corporation (NYSE:UIS) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its offerings include cloud services, infrastructure modernization, cybersecurity, digital workplace solutions, application services and business process services.

The company serves commercial businesses, governments and other public-sector organizations across North America, Europe, the Asia-Pacific region and Latin America.