Sidoti Csr Has Positive Outlook of Unisys FY2024 Earnings

Unisys Co. (NYSE:UIS - Free Report) - Equities research analysts at Sidoti Csr boosted their FY2024 earnings per share (EPS) estimates for shares of Unisys in a 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 previous forecast of $0.24. The consensus estimate for Unisys' current full-year earnings is $0.24 per share.

Unisys (NYSE:UIS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) 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 business had revenue of $497.00 million for the quarter, compared to the consensus estimate of $486.50 million. During the same quarter in the prior year, the business earned ($0.33) EPS. The firm's revenue for the quarter was up 7.0% on a year-over-year basis.

Separately, StockNews.com upgraded shares of Unisys from a "hold" rating to a "buy" rating in a research report on Friday, October 25th.

Unisys Stock Performance

Shares of NYSE:UIS traded up $0.25 on Friday, hitting $7.16. The stock had a trading volume of 565,811 shares, compared to its average volume of 586,706. The firm's 50 day moving average price is $5.79 and its 200-day moving average price is $5.06. Unisys has a twelve month low of $2.68 and a twelve month high of $8.12. The company has a market capitalization of $496.47 million, a price-to-earnings ratio of -1.28, a price-to-earnings-growth ratio of 2.00 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Unisys during the first quarter worth $133,000. BNP Paribas Financial Markets lifted its holdings in Unisys by 20.2% during the first quarter. BNP Paribas Financial Markets now owns 64,808 shares of the information technology services provider's stock worth $318,000 after acquiring an additional 10,888 shares in the last quarter. GSA Capital Partners LLP grew its stake in Unisys by 64.0% in the first quarter. GSA Capital Partners LLP now owns 203,615 shares of the information technology services provider's stock valued at $1,000,000 after acquiring an additional 79,457 shares during the period. Inspire Investing LLC increased its holdings in shares of Unisys by 26.9% in the first quarter. Inspire Investing LLC now owns 173,544 shares of the information technology services provider's stock worth $852,000 after acquiring an additional 36,805 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Unisys by 10.2% during the first quarter. Russell Investments Group Ltd. now owns 101,905 shares of the information technology services provider's stock worth $500,000 after purchasing an additional 9,402 shares during the period. Institutional investors own 86.87% of the company's stock.

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.