Unisys (NYSE:UIS) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Unisys (NYSE:UIS) announced its quarterly earnings results on Tuesday. The information technology services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04), Briefing.com reports. Unisys had a negative net margin of 18.95% and a negative return on equity of 24.50%. The company had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. During the same period last year, the company earned ($0.33) earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Unisys updated its FY 2024 guidance to EPS.

Unisys Stock Performance

UIS stock traded up $1.78 during midday trading on Wednesday, hitting $7.16. 2,470,417 shares of the company’s stock were exchanged, compared to its average volume of 581,489. Unisys has a one year low of $2.60 and a one year high of $8.12. The stock’s fifty day moving average price is $5.76 and its 200-day moving average price is $5.04. The company has a market cap of $495.68 million, a PE ratio of -1.22, a price-to-earnings-growth ratio of 1.79 and a beta of 0.78.

Analysts Set New Price Targets

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

About Unisys

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.