Unity Software (U) Set to Announce Earnings on Thursday

Unity Software (NYSE:U) will release its earnings data after the market closes on Thursday, May 9th. Analysts expect Unity Software to post earnings of $0.05 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Unity Software (NYSE:U) last issued its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The firm had revenue of $609.27 million during the quarter, compared to analysts’ expectations of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.50) EPS. On average, analysts expect Unity Software to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Unity Software Price Performance

Shares of U opened at $25.33 on Wednesday. The company has a 50 day moving average of $25.93 and a two-hundred day moving average of $30.27. The company has a market cap of $9.78 billion, a price-to-earnings ratio of -11.73 and a beta of 2.40. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85. Unity Software has a twelve month low of $22.20 and a twelve month high of $50.08.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on U. Barclays lowered their price objective on Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 27th. Needham & Company LLC dropped their price target on Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. Citigroup decreased their price objective on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. William Blair reissued an “outperform” rating on shares of Unity Software in a research report on Tuesday, January 9th. Finally, The Goldman Sachs Group upped their price target on shares of Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.03.

Insiders Place Their Bets

In related news, SVP Anirma Gupta sold 1,037 shares of Unity Software stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the transaction, the senior vice president now directly owns 386,706 shares in the company, valued at $9,443,360.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Anirma Gupta sold 1,037 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the sale, the senior vice president now directly owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James M. Whitehurst sold 44,091 shares of Unity Software stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.56, for a total transaction of $1,435,602.96. Following the completion of the transaction, the chief executive officer now directly owns 155,909 shares of the company’s stock, valued at approximately $5,076,397.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 338,917 shares of company stock valued at $9,460,820. Company insiders own 6.30% of the company’s stock.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.