Unity Software (U) Scheduled to Post Earnings on Thursday

Unity Software (NYSE:U - Get Free Report) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.39) per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.44) by $0.12. The company had revenue of $449.30 million for the quarter, compared to analysts' expectations of $438.37 million. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. Unity Software's revenue was down 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) EPS. 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 Stock Down 3.1 %

NYSE:U traded down $0.63 on Thursday, reaching $20.07. 4,401,576 shares of the stock traded hands, compared to its average volume of 10,364,609. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of -10.10 and a beta of 2.28. Unity Software has a 12 month low of $13.90 and a 12 month high of $43.54. The company's fifty day simple moving average is $19.86 and its 200 day simple moving average is $19.06.

Insiders Place Their Bets

In other Unity Software news, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares in the company, valued at $168,876,112.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Felix The sold 30,000 shares of the stock in a transaction 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 sale, the senior vice president now owns 423,679 shares in the company, valued at $7,579,617.31. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 281,600 shares of company stock valued at $5,714,000 in the last quarter. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on U. Macquarie boosted their price objective on shares of Unity Software from $12.00 to $15.00 and gave the stock an "underperform" rating in a report on Tuesday, September 17th. The Goldman Sachs Group decreased their price target on Unity Software from $26.00 to $22.50 and set a "neutral" rating for the company in a research note on Friday, August 9th. Wells Fargo & Company initiated coverage on Unity Software in a report on Monday. They issued an "equal weight" rating and a $20.00 price objective for the company. Oppenheimer restated a "market perform" rating on shares of Unity Software in a research note on Friday, October 18th. Finally, JMP Securities reiterated a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.35.

About Unity Software

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.