Unisys (NYSE:UIS) Issues Quarterly Earnings Results

Unisys (NYSE:UIS) posted its earnings results on Tuesday. The information technology services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21), Briefing.com reports. The business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.33) EPS. Unisys updated its FY 2024 guidance to EPS.

Unisys Stock Performance

Shares of UIS stock opened at $6.91 on Friday. The stock has a fifty day simple moving average of $5.79 and a two-hundred day simple moving average of $5.06. The firm has a market capitalization of $478.77 million, a PE ratio of -1.22, a PEG ratio of 1.79 and a beta of 0.78. Unisys has a 52-week low of $2.60 and a 52-week high of $8.12.

Analyst Ratings Changes

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

Unisys Company Profile

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.