Unity Software (U) to Release Quarterly Earnings on Thursday

Unity Software (NYSE:U) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.39) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Unity Software (NYSE:U) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.12. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The firm had revenue of $449.30 million for the quarter, compared to analysts’ expectations of $438.37 million. During the same quarter last year, the company earned ($0.26) EPS. The firm’s revenue for the quarter was down 15.8% compared to the same quarter last year. On average, analysts expect Unity Software to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Unity Software Price Performance

Unity Software stock opened at $20.70 on Thursday. The company’s fifty day moving average price is $19.86 and its 200 day moving average price is $19.06. Unity Software has a 1 year low of $13.90 and a 1 year high of $43.54. The stock has a market capitalization of $8.21 billion, a P/E ratio of -10.10 and a beta of 2.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36.

Insider Buying and Selling

In other Unity Software news, Director David Helgason sold 250,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Unity Software news, Director David Helgason sold 250,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Felix The sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 281,600 shares of company stock worth $5,714,000. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on U. Stifel Nicolaus raised their price objective on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 13th. Needham & Company LLC reduced their price target on Unity Software from $31.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Benchmark reduced their price target on Unity Software from $16.00 to $10.00 and set a “sell” rating on the stock in a report on Friday, August 9th. Macquarie lifted their price target on Unity Software from $12.00 to $15.00 and gave the stock an “underperform” rating in a report on Tuesday, September 17th. Finally, UBS Group lifted their price target on Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.35.

Unity Software Company Profile

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.