Unisys (NYSE:UIS) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Key Points

• EPS beat: Unisys reported earnings of ($0.14) per share, beating the consensus estimate of ($0.26) by $0.12, though the company remains unprofitable with a negative return on equity (26.77%) and net margin (‑17.42%).
• Stock and valuation: Shares rose to $2.86 on volume above average; the company has a market cap of $206.5M, a negative P/E, and a 12‑month trading range of $1.97–$6.06.
• Mixed analyst view: Analysts are split (three Buys, one Hold, one Sell) with an average rating of "Hold" and an average target price of $5.67, while several large institutions have recently increased positions.

Unisys (NYSE:UIS - Get Free Report) issued its quarterly earnings results on Tuesday. The information technology services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.12, Zacks reports. Unisys had a negative return on equity of 26.77% and a negative net margin of 17.42%.

Unisys Price Performance

Shares of UIS stock traded up $0.14 during trading hours on Tuesday, reaching $2.86. 1,026,413 shares of the company traded hands, compared to its average volume of 810,783. Unisys has a 12-month low of $1.97 and a 12-month high of $6.06. The company has a market cap of $206.50 million, a P/E ratio of -0.60, a P/E/G ratio of 0.29 and a beta of 1.60. The firm has a 50-day moving average price of $2.30 and a 200 day moving average price of $2.68.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Unisys in a report on Monday, April 20th. Needham & Company LLC restated a "buy" rating and set a $4.00 price target on shares of Unisys in a report on Wednesday, February 25th. Finally, Wall Street Zen upgraded Unisys from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Unisys currently has an average rating of "Hold" and an average target price of $5.67.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Millennium Management LLC lifted its position in shares of Unisys by 50.9% during the 4th quarter. Millennium Management LLC now owns 2,604,604 shares of the information technology services provider's stock valued at $7,189,000 after buying an additional 878,265 shares in the last quarter. Palisade Capital Management LP lifted its position in shares of Unisys by 17.4% during the 2nd quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider's stock valued at $7,966,000 after buying an additional 260,716 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Unisys by 36.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider's stock valued at $4,816,000 after buying an additional 468,340 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Unisys by 18.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider's stock valued at $7,768,000 after buying an additional 272,627 shares in the last quarter. Finally, Saba Capital Management L.P. lifted its position in shares of Unisys by 65.8% during the 4th quarter. Saba Capital Management L.P. now owns 1,551,487 shares of the information technology services provider's stock valued at $4,282,000 after buying an additional 615,632 shares in the last quarter. 86.87% of the stock is owned by hedge funds and other institutional investors.

About Unisys

Unisys Corporation NYSE: UIS is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.