Unity Software (U) to Release Earnings on Thursday

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

Unity Software (NYSE:U) last released its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $609.27 million during the quarter, compared to analyst estimates of $551.01 million. During the same period in the previous year, the company earned ($0.50) earnings per share. Unity Software’s revenue was up 35.1% on a year-over-year basis. 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 Price Performance

NYSE U opened at $25.49 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The stock’s fifty day moving average price is $26.08 and its 200 day moving average price is $30.28. Unity Software has a 1 year low of $22.20 and a 1 year high of $50.08. The company has a market cap of $9.84 billion, a price-to-earnings ratio of -11.80 and a beta of 2.40.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on U. Needham & Company LLC cut their price target on Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. Barclays cut their price target on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. Stifel Nicolaus increased their price target on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Macquarie downgraded Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research report on Monday, February 12th. Finally, Citigroup cut their price target on Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.03.

Insider Transactions at Unity Software

In related news, SVP Anirma Gupta sold 1,037 shares of Unity Software stock in a transaction that occurred on Monday, April 29th. The shares were 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 approximately $9,443,360.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Anirma Gupta sold 1,037 shares of Unity Software stock in a transaction that occurred on Monday, April 29th. The shares were 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 approximately $9,443,360.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the completion of the sale, the director now owns 4,498,146 shares of the company’s stock, valued at approximately $119,605,702.14. The disclosure for this sale can be found here. Insiders sold 338,917 shares of company stock worth $9,460,820 in the last 90 days. Insiders own 6.30% of the company’s stock.

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.