Qualtrics International (NYSE:XM) Releases FY 2022 Earnings Guidance

Qualtrics International (NYSE:XMGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.000-$0.020 for the period, compared to the Thomson Reuters consensus estimate of $-0.010. The company issued revenue guidance of $1.43 billion-$1.43 billion, compared to the consensus revenue estimate of $1.41 billion.Qualtrics International also updated its Q2 2022 guidance to $-0.010-$0.010 EPS.

A number of brokerages have recently issued reports on XM. Exane BNP Paribas began coverage on shares of Qualtrics International in a report on Tuesday, March 29th. They issued a neutral rating and a $28.00 target price on the stock. Piper Sandler decreased their target price on shares of Qualtrics International from $53.00 to $48.00 and set an overweight rating on the stock in a research report on Thursday, January 27th. Truist Financial reduced their price target on shares of Qualtrics International from $62.00 to $50.00 in a research report on Thursday, January 27th. Oppenheimer reduced their price target on shares of Qualtrics International from $60.00 to $45.00 in a research report on Thursday, January 27th. Finally, Barclays dropped their price objective on shares of Qualtrics International from $34.00 to $32.00 in a research note on Thursday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $41.29.

XM traded down $2.23 during trading hours on Thursday, hitting $24.34. The company’s stock had a trading volume of 2,549,316 shares, compared to its average volume of 1,952,377. The business’s 50-day moving average price is $28.49 and its 200-day moving average price is $33.10. Qualtrics International has a 12 month low of $22.72 and a 12 month high of $49.03. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of -12.54 and a beta of 1.65.

Qualtrics International (NYSE:XMGet Rating) last posted its quarterly earnings results on Wednesday, January 26th. The company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.16). The company had revenue of $316.04 million during the quarter, compared to the consensus estimate of $297.65 million. Qualtrics International had a negative return on equity of 198.58% and a negative net margin of 98.46%. The company’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.03) earnings per share. As a group, equities analysts predict that Qualtrics International will post -1.71 earnings per share for the current year.

In other news, Director Vi (Gp) L.L.C. Slta acquired 8,443 shares of the company’s stock in a transaction dated Wednesday, March 9th. The shares were acquired at an average price of $28.75 per share, with a total value of $242,736.25. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought a total of 693,047 shares of company stock worth $19,483,020 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in Qualtrics International by 221.6% in the fourth quarter. Advisors Asset Management Inc. now owns 4,274 shares of the company’s stock valued at $151,000 after buying an additional 2,945 shares during the last quarter. Cetera Investment Advisers acquired a new position in Qualtrics International during the fourth quarter worth $302,000. The Manufacturers Life Insurance Company grew its holdings in Qualtrics International by 17.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,835 shares of the company’s stock valued at $313,000 after purchasing an additional 1,297 shares during the last quarter. Citigroup Inc. grew its holdings in Qualtrics International by 278.6% in the fourth quarter. Citigroup Inc. now owns 9,427 shares of the company’s stock valued at $334,000 after purchasing an additional 6,937 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Qualtrics International by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,513 shares of the company’s stock valued at $443,000 after purchasing an additional 938 shares during the last quarter. Institutional investors and hedge funds own 15.72% of the company’s stock.

About Qualtrics International (Get Rating)

Qualtrics International Inc operates an experience management platform to manage customer, employee, product, and brand experiences worldwide. The company offers The Qualtrics Experience Management Platform, a system of action that guides users with specific instructions for improvement and automated actions to improve experiences, as well as for listening, understanding, and taking action on both structured and unstructured data.

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Earnings History and Estimates for Qualtrics International (NYSE:XM)

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