Qualys (QLYS) Expected to Post Earnings of $0.33 Per Share

Equities analysts expect that Qualys (NASDAQ:QLYS) will announce $0.33 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Qualys’ earnings. The highest EPS estimate is $0.34 and the lowest is $0.32. Qualys posted earnings per share of $0.20 in the same quarter last year, which would indicate a positive year-over-year growth rate of 65%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, May 1st.

According to Zacks, analysts expect that Qualys will report full year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.41 to $1.44. For the next fiscal year, analysts forecast that the firm will report earnings of $1.72 per share, with EPS estimates ranging from $1.64 to $1.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Qualys.

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Qualys (NASDAQ:QLYS) last announced its earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. Qualys had a return on equity of 16.69% and a net margin of 17.52%. The company had revenue of $62.90 million during the quarter, compared to analyst estimates of $61.96 million. During the same period last year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year.

A number of brokerages have recently weighed in on QLYS. Wells Fargo set a $62.00 target price on Qualys and gave the company a “hold” rating in a research note on Tuesday, February 13th. Needham & Company LLC raised their target price on Qualys from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada raised their price target on Qualys to $65.00 and gave the company a “market perform” rating in a report on Tuesday, February 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $67.00 price target on shares of Qualys in a report on Tuesday, February 13th. Finally, Morgan Stanley set a $65.00 price target on Qualys and gave the company a “hold” rating in a report on Tuesday, February 13th. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $68.92.

In other Qualys news, insider Sumedh S. Thakar sold 9,801 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $58.70, for a total transaction of $575,318.70. Following the transaction, the insider now owns 192,280 shares in the company, valued at $11,286,836. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sumedh S. Thakar sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 9th. The stock was sold at an average price of $74.54, for a total value of $149,080.00. Following the transaction, the insider now owns 184,479 shares in the company, valued at approximately $13,751,064.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,801 shares of company stock worth $3,908,539. 20.90% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Carillon Tower Advisers Inc. bought a new position in Qualys during the fourth quarter worth about $586,000. Legal & General Group Plc boosted its holdings in Qualys by 9.9% during the third quarter. Legal & General Group Plc now owns 63,344 shares of the software maker’s stock worth $3,282,000 after buying an additional 5,680 shares during the last quarter. James Investment Research Inc. bought a new position in Qualys during the fourth quarter worth about $1,769,000. California Public Employees Retirement System bought a new position in Qualys during the third quarter worth about $335,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Qualys by 6.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 149,393 shares of the software maker’s stock worth $8,867,000 after buying an additional 9,191 shares during the last quarter. Hedge funds and other institutional investors own 79.46% of the company’s stock.

Shares of NASDAQ:QLYS opened at $76.95 on Monday. Qualys has a twelve month low of $34.80 and a twelve month high of $79.40. The firm has a market capitalization of $3,001.43, a PE ratio of 85.50, a price-to-earnings-growth ratio of 5.31 and a beta of 0.84.

Qualys declared that its board has initiated a stock repurchase plan on Monday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Qualys Company Profile

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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