Sidoti Csr Has Positive Forecast for Unisys FY2024 Earnings

Unisys Co. (NYSE:UIS) – Stock analysts at Sidoti Csr lifted their FY2024 earnings per share estimates for Unisys in a research note issued to investors on Thursday, October 31st. Sidoti Csr analyst A. Soderstrom now expects that the information technology services provider will earn $0.31 per share for the year, up from their prior forecast of $0.24. The consensus estimate for Unisys’ current full-year earnings is $0.24 per share.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The firm had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $486.50 million. During the same period last year, the company posted ($0.33) earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis.

Separately, StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

Unisys Stock Performance

Shares of NYSE UIS opened at $7.19 on Friday. The company’s fifty day moving average price is $5.86 and its 200 day moving average price is $5.08. Unisys has a 1 year low of $2.68 and a 1 year high of $8.12. The company has a market capitalization of $498.21 million, a PE ratio of -1.27, a price-to-earnings-growth ratio of 2.00 and a beta of 0.78.

Hedge Funds Weigh In On Unisys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new position in Unisys during the second quarter valued at $30,000. nVerses Capital LLC acquired a new stake in shares of Unisys in the third quarter valued at about $36,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Unisys in the second quarter valued at about $41,000. Oak Thistle LLC acquired a new stake in shares of Unisys in the second quarter valued at about $52,000. Finally, Creative Planning acquired a new stake in shares of Unisys in the third quarter valued at about $58,000. 86.87% of the stock is owned by hedge funds and other institutional investors.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.