Unisys (NYSE:UIS) announced its quarterly earnings results on Sunday. The information technology services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.28, MarketWatch Earnings reports. The business had revenue of $576.90 million for the quarter, compared to analyst estimates of $556.17 million. Unisys had a net margin of 41.67% and a negative return on equity of 14.56%. The company’s revenue was down 22.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS.
Shares of UIS traded down $2.57 during trading hours on Tuesday, reaching $24.03. 1,136,448 shares of the company traded hands, compared to its average volume of 636,475. The company’s fifty day moving average price is $23.98 and its two-hundred day moving average price is $16.12. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 1.65 and a beta of 0.54. Unisys has a 12 month low of $8.25 and a 12 month high of $26.83.
Separately, Sidoti initiated coverage on shares of Unisys in a report on Monday, December 7th. They issued a “buy” rating on the stock.
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. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.
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