Qualtrics International (XM) Set to Announce Quarterly Earnings on Thursday

Qualtrics International (NYSE:XM – Get Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, April 21st. Analysts expect Qualtrics International to post earnings of ($0.47) per share for the quarter. Qualtrics International has set its Q1 guidance at $(0.02)-$0.00 EPS and its FY22 guidance at $(0.02)-$0.00 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Qualtrics International (NYSE:XM – Get Rating) last released its quarterly earnings data on Wednesday, January 26th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.16). The business had revenue of $316.04 million during the quarter, compared to analyst estimates of $297.65 million. Qualtrics International had a negative net margin of 98.46% and a negative return on equity of 198.58%. The firm’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) EPS. On average, analysts expect Qualtrics International to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Shares of NYSE:XM opened at $27.33 on Thursday. The stock has a market capitalization of $14.79 billion, a PE ratio of -13.40 and a beta of 1.65. Qualtrics International has a 1 year low of $22.72 and a 1 year high of $49.03. The firm has a fifty day moving average price of $28.89 and a 200 day moving average price of $33.69.

XM has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Qualtrics International from an “equal weight” rating to an “overweight” rating and set a $54.00 price objective for the company in a report on Thursday, December 16th. Bank of America initiated coverage on shares of Qualtrics International in a report on Thursday, March 31st. They issued a “buy” rating for the company. Oppenheimer decreased their price objective on shares of Qualtrics International from $60.00 to $45.00 in a report on Thursday, January 27th. Zacks Investment Research cut shares of Qualtrics International from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Finally, Evercore ISI upgraded shares of Qualtrics International from an “in-line” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Wednesday, January 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $41.29.

In other Qualtrics International news, Director Vi (Gp) L.L.C. Slta purchased 72,075 shares of the company’s stock in a transaction that occurred on Friday, March 11th. The stock was purchased at an average price of $27.90 per share, with a total value of $2,010,892.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 693,047 shares of company stock valued at $19,483,020 in the last three months. Company insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings in shares of Qualtrics International by 221.6% during the fourth quarter. Advisors Asset Management Inc. now owns 4,274 shares of the company’s stock worth $151,000 after buying an additional 2,945 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Qualtrics International during the fourth quarter worth approximately $302,000. The Manufacturers Life Insurance Company increased its holdings in shares of Qualtrics International by 17.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 8,835 shares of the company’s stock worth $313,000 after buying an additional 1,297 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Qualtrics International by 278.6% during the fourth quarter. Citigroup Inc. now owns 9,427 shares of the company’s stock worth $334,000 after buying an additional 6,937 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Qualtrics International by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 12,513 shares of the company’s stock worth $443,000 after buying an additional 938 shares in the last quarter. 15.72% of the stock is owned by institutional investors.

About Qualtrics International (Get Rating)

Qualtrics International Inc provides an experience management platform for organizations to design, manage, and improve customer, employee, product, and brand experiences of businesses. The company offers Qualtrics XM Platform, a system of action that allows organizations to design new breakthrough experiences; and continuously improve broken experiences through identifying issues, addressing the root cause, and then overhauling processes before they manifest as lower trending satisfaction scores.

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