Unity Software (U) to Release Earnings on Thursday

Unity Software (NYSE:U) will post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Unity Software to post earnings of $0.05 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Unity Software (NYSE:U) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business had revenue of $609.27 million during the quarter, compared to the consensus estimate of $551.01 million. During the same quarter last year, the company earned ($0.50) EPS. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. On average, analysts expect Unity Software to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Unity Software Trading Up 3.0 %

Shares of U opened at $25.49 on Tuesday. The business has a 50-day moving average of $26.08 and a 200 day moving average of $30.28. Unity Software has a fifty-two week low of $22.20 and a fifty-two week high of $50.08. The firm has a market cap of $9.84 billion, a P/E ratio of -11.80 and a beta of 2.40. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on U. Barclays decreased their price objective on Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. Stifel Nicolaus lifted their target price on Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 1st. Wedbush reaffirmed an “outperform” rating and set a $33.50 target price on shares of Unity Software in a report on Thursday, May 2nd. Needham & Company LLC reduced their target price on Unity Software from $40.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.03.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $24.42, for a total value of $25,323.54. Following the completion of the sale, the senior vice president now owns 386,706 shares in the company, valued at $9,443,360.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the transaction, the senior vice president now directly owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James M. Whitehurst sold 44,091 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.56, for a total value of $1,435,602.96. Following the transaction, the chief executive officer now directly owns 155,909 shares in the company, valued at $5,076,397.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 338,917 shares of company stock worth $9,460,820. 6.30% of the stock is currently owned by insiders.

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.