Equities research analysts expect that Unity Software Inc. (NYSE:U – Get Rating) will report earnings of ($0.08) per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Unity Software’s earnings, with estimates ranging from ($0.10) to ($0.06). Unity Software posted earnings of ($0.10) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The company is scheduled to announce its next quarterly earnings results on Tuesday, May 10th.
On average, analysts expect that Unity Software will report full year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.35) to ($0.11). For the next fiscal year, analysts anticipate that the business will post earnings of $0.03 per share, with EPS estimates ranging from ($0.09) to $0.13. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Unity Software.
Unity Software (NYSE:U – Get Rating) last issued its quarterly earnings data on Thursday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.38) by ($0.01). Unity Software had a negative return on equity of 20.13% and a negative net margin of 47.96%. The business had revenue of $315.86 million during the quarter, compared to analysts’ expectations of $291.21 million. During the same quarter last year, the business posted ($0.28) EPS.
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A number of research firms have weighed in on U. Jefferies Financial Group started coverage on Unity Software in a research report on Tuesday, March 8th. They set a “hold” rating and a $100.00 price target on the stock. Credit Suisse Group reduced their price objective on Unity Software from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Friday, February 4th. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $130.00 to $185.00 in a research note on Monday, December 13th. BTIG Research reduced their price objective on Unity Software from $171.00 to $154.00 in a research note on Friday, February 4th. Finally, Zacks Investment Research raised Unity Software from a “sell” rating to a “hold” rating in a research note on Wednesday, January 12th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $153.58.
NYSE U traded up $4.40 during trading hours on Friday, reaching $97.15. 5,455,805 shares of the stock traded hands, compared to its average volume of 3,757,655. The stock has a 50 day simple moving average of $101.90 and a two-hundred day simple moving average of $131.13. Unity Software has a 1 year low of $73.12 and a 1 year high of $210.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.44 and a quick ratio of 3.44. The company has a market cap of $28.57 billion, a price-to-earnings ratio of -51.40 and a beta of 2.47.
In other news, SVP Ingrid Lestiyo sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 5th. The stock was sold at an average price of $130.00, for a total transaction of $520,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marc Whitten sold 1,558 shares of the stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $144.50, for a total value of $225,131.00. The disclosure for this sale can be found here. Insiders have sold 358,624 shares of company stock valued at $44,952,276 over the last 90 days. Corporate insiders own 19.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC boosted its position in Unity Software by 25.8% in the third quarter. Wolff Wiese Magana LLC now owns 371 shares of the company’s stock worth $47,000 after purchasing an additional 76 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Unity Software by 4.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,339 shares of the company’s stock worth $334,000 after purchasing an additional 89 shares during the last quarter. First Republic Investment Management Inc. boosted its position in Unity Software by 1.0% in the third quarter. First Republic Investment Management Inc. now owns 9,272 shares of the company’s stock worth $1,171,000 after purchasing an additional 90 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Unity Software by 3.4% in the third quarter. PNC Financial Services Group Inc. now owns 2,794 shares of the company’s stock worth $352,000 after purchasing an additional 93 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Unity Software by 9.9% in the fourth quarter. Harbour Investments Inc. now owns 1,036 shares of the company’s stock worth $148,000 after purchasing an additional 93 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.
Unity Software Company Profile (Get Rating)
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.
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