FY2024 Earnings Forecast for Unisys Issued By Sidoti Csr

Unisys Co. (NYSE:UIS) – Stock analysts at Sidoti Csr increased their FY2024 earnings estimates for Unisys in a research report issued on Thursday, October 31st. Sidoti Csr analyst A. Soderstrom now forecasts that the information technology services provider will post earnings per share of $0.31 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.

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

Unisys Price Performance

Shares of UIS stock opened at $7.19 on Friday. The firm has a market cap of $498.21 million, a PE ratio of -1.27, a price-to-earnings-growth ratio of 2.00 and a beta of 0.78. The company has a 50-day moving average of $5.86 and a two-hundred day moving average of $5.08. Unisys has a 1-year low of $2.68 and a 1-year high of $8.12.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.21). The company had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned ($0.33) EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UIS. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Unisys in the first quarter valued at approximately $133,000. BNP Paribas Financial Markets boosted its stake in shares of Unisys by 20.2% in the first quarter. BNP Paribas Financial Markets now owns 64,808 shares of the information technology services provider’s stock valued at $318,000 after purchasing an additional 10,888 shares during the period. GSA Capital Partners LLP boosted its stake in shares of 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 purchasing an additional 79,457 shares during the period. Inspire Investing LLC boosted its stake 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 valued at $852,000 after purchasing an additional 36,805 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Unisys by 10.2% in the first quarter. Russell Investments Group Ltd. now owns 101,905 shares of the information technology services provider’s stock valued at $500,000 after purchasing an additional 9,402 shares during the period. Hedge funds and other 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.