Qualtrics International (NYSE:XM) Releases FY22 Earnings Guidance

Qualtrics International (NYSE:XMGet Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.00-$0.02 for the period, compared to the Thomson Reuters consensus estimate of ($0.01). The company issued revenue guidance of $1.428-$1.432 billion, compared to the consensus revenue estimate of $1.41 billion.Qualtrics International also updated its FY 2022 guidance to $0.000-$0.020 EPS.

Shares of XM stock traded down $1.24 during trading hours on Thursday, hitting $24.34. The company’s stock had a trading volume of 2,561,382 shares, compared to its average volume of 1,953,190. The company has a 50 day moving average of $28.37 and a 200 day moving average of $32.98. The stock has a market cap of $13.17 billion, a PE ratio of -11.93 and a beta of 1.65. Qualtrics International has a 12-month low of $22.72 and a 12-month high of $49.03.

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

A number of analysts recently issued reports on XM shares. Piper Sandler lowered their price target on shares of Qualtrics International from $53.00 to $48.00 and set an overweight rating on the stock in a report on Thursday, January 27th. Evercore ISI raised shares of Qualtrics International from an in-line rating to an outperform rating and set a $40.00 price target on the stock in a report on Wednesday, January 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Qualtrics International from $48.00 to $36.00 in a research report on Friday, January 21st. Bank of America started coverage on shares of Qualtrics International in a research report on Thursday, March 31st. They set a buy rating for the company. Finally, Raymond James reduced their price objective on shares of Qualtrics International from $55.00 to $35.00 in a research report on Thursday, January 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $41.29.

In other news, Director Vi (Gp) L.L.C. Slta acquired 192,417 shares of the business’s stock in a transaction that occurred on Wednesday, February 2nd. The stock was purchased at an average cost of $28.69 per share, for a total transaction of $5,520,443.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 693,047 shares of company stock valued at $19,483,020. 1.30% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its stake in 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 during the period. Cetera Investment Advisers purchased a new position in Qualtrics International during the fourth quarter worth about $302,000. The Manufacturers Life Insurance Company boosted its stake in 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 during the period. Citigroup Inc. boosted its stake in 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 during the period. Finally, Dimensional Fund Advisors LP boosted its stake in 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 during the period. Hedge funds and other institutional investors own 15.72% of the company’s stock.

Qualtrics International Company Profile (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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