Q1 2024 EPS Estimates for Unisys Co. Lifted by Analyst (NYSE:UIS)

Unisys Co. (NYSE:UIS - Free Report) - Analysts at Sidoti Csr increased their Q1 2024 EPS estimates for shares of Unisys in a research report issued on Tuesday, April 2nd. Sidoti Csr analyst A. Soderstrom now forecasts that the information technology services provider will post earnings per share of ($0.23) for the quarter, up from their previous forecast of ($0.33). The consensus estimate for Unisys' current full-year earnings is ($0.15) per share. Sidoti Csr also issued estimates for Unisys' FY2024 earnings at ($0.05) EPS.

Unisys Trading Down 1.6 %

UIS stock traded down $0.09 during trading on Thursday, hitting $5.40. The company had a trading volume of 548,498 shares, compared to its average volume of 761,926. The firm has a market capitalization of $372.65 million, a P/E ratio of -0.85 and a beta of 0.97. Unisys has a 52-week low of $2.60 and a 52-week high of $8.12. The company has a 50 day simple moving average of $5.89 and a 200-day simple moving average of $5.06. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 78.55.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The information technology services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.20 by $0.31. The company had revenue of $557.60 million for the quarter, compared to the consensus estimate of $535.28 million. Unisys had a negative net margin of 21.37% and a negative return on equity of 577.16%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 EPS.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its position in Unisys by 76.7% during the 1st quarter. Captrust Financial Advisors now owns 3,761 shares of the information technology services provider's stock valued at $81,000 after purchasing an additional 1,633 shares during the period. UBS Group AG increased its position in Unisys by 152.3% during the 1st quarter. UBS Group AG now owns 4,690 shares of the information technology services provider's stock valued at $102,000 after purchasing an additional 2,831 shares during the period. Macquarie Group Ltd. increased its position in Unisys by 83.1% during the 2nd quarter. Macquarie Group Ltd. now owns 4,965 shares of the information technology services provider's stock valued at $60,000 after purchasing an additional 2,253 shares during the period. Advisor Group Holdings Inc. increased its position in Unisys by 1,695.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 5,457 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 5,153 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new position in Unisys during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 86.87% of the company's stock.

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.