-$0.21 Earnings Per Share Expected for Unity Software Inc. (NYSE:U) This Quarter

Brokerages expect Unity Software Inc. (NYSE:UGet Rating) to post ($0.21) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Unity Software’s earnings, with estimates ranging from ($0.23) to ($0.18). Unity Software posted earnings per share of ($0.02) during the same quarter last year, which indicates a negative year over year growth rate of 950%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Unity Software will report full year earnings of ($0.29) per share for the current year, with EPS estimates ranging from ($0.40) to ($0.21). For the next fiscal year, analysts anticipate that the company will report earnings of $0.11 per share, with EPS estimates ranging from $0.01 to $0.26. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Unity Software.

Unity Software (NYSE:UGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Unity Software had a negative return on equity of 20.50% and a negative net margin of 50.40%. The business had revenue of $320.13 million during the quarter, compared to analysts’ expectations of $321.17 million. During the same quarter in the prior year, the business earned ($0.38) earnings per share. The company’s quarterly revenue was up 36.4% compared to the same quarter last year.

Several equities research analysts have recently commented on the company. Citigroup assumed coverage on Unity Software in a research note on Thursday, April 7th. They set a “buy” rating and a $125.00 price target for the company. Oppenheimer dropped their price objective on Unity Software from $185.00 to $135.00 in a report on Friday, February 4th. BTIG Research dropped their price objective on Unity Software from $171.00 to $154.00 in a report on Friday, February 4th. Stifel Nicolaus dropped their price objective on Unity Software from $150.00 to $100.00 in a report on Wednesday, May 11th. Finally, Credit Suisse Group dropped their price objective on Unity Software from $160.00 to $137.00 in a report on Wednesday, May 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $118.92.

In other news, Director David Helgason sold 83,333 shares of the stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $101.31, for a total value of $8,442,466.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marc Whitten sold 10,775 shares of the stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $105.23, for a total value of $1,133,853.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,824 shares of company stock worth $10,026,399. Company insiders own 19.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Morgan Stanley grew its stake in Unity Software by 170.7% during the 2nd quarter. Morgan Stanley now owns 9,302,677 shares of the company’s stock valued at $1,021,713,000 after purchasing an additional 5,865,923 shares in the last quarter. Clearbridge Investments LLC grew its stake in Unity Software by 2,365.2% during the 1st quarter. Clearbridge Investments LLC now owns 4,420,370 shares of the company’s stock valued at $438,545,000 after purchasing an additional 4,241,060 shares in the last quarter. Thrive Capital Management LLC acquired a new stake in Unity Software during the 3rd quarter valued at approximately $307,805,000. Vanguard Group Inc. grew its stake in Unity Software by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 17,279,116 shares of the company’s stock valued at $1,714,261,000 after purchasing an additional 2,531,507 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Unity Software by 801.6% during the 3rd quarter. Janus Henderson Group PLC now owns 2,227,485 shares of the company’s stock valued at $281,223,000 after purchasing an additional 1,980,428 shares in the last quarter. Institutional investors and hedge funds own 75.48% of the company’s stock.

Unity Software stock opened at $41.32 on Friday. Unity Software has a 12 month low of $29.09 and a 12 month high of $210.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.53 and a quick ratio of 3.53. The business has a 50 day simple moving average of $77.54 and a 200-day simple moving average of $112.18. The stock has a market capitalization of $12.23 billion, a PE ratio of -19.68 and a beta of 2.64.

About Unity Software (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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