Unity Software Inc. (NYSE:U) is expected to post quarterly sales of $320.59 million


Equity research analysts expect Unity Software Inc. (NYSE:UGet a rating) will announce sales of $320.59 million for the current quarter, according to Zacks Investment Research. Seven analysts made Unity Software earnings estimates. The lowest sales estimate is $317.50 million and the highest is $328.10 million. Unity Software recorded sales of $234.77 million in the same quarter last year, indicating a positive year-over-year growth rate of 36.6%. The company is expected to release its next earnings report after the market closes on Monday, January 1.

On average, analysts expect Unity Software to report annual sales of $1.50 billion for the current year, with estimates ranging from $1.48 billion to $1.51 billion. For next year, analysts expect the company to register sales of $1.94 billion, with estimates ranging from $1.85 billion to $1.99 billion. Zacks sales calculations are an average average based on a survey of analysts who cover Unity Software.

Unit software (NYSE:UGet a rating) last reported results on Thursday, February 3. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analyst consensus estimates of ($0.38) by ($0.01). The company posted revenue of $315.86 million in the quarter, versus analyst estimates of $291.21 million. Unity Software posted a negative return on equity of 20.13% and a negative net margin of 47.96%. During the same period last year, the company made earnings per share ($0.28).

Several brokerages have recently weighed in on U. Citigroup threw coverage on Unity Software in a Thursday, April 7 research report. They set a “buy” rating and a target price of $125.00 on the stock. Credit Suisse Group cut its price target on Unity Software from $185.00 to $180.00 and set an “outperform” rating on the stock in a Friday, Feb. 4 research report. Goldman Sachs Group cut its price target on Unity Software from $154.00 to $137.00 and set a “buy” rating on the stock in a Thursday, April 14 research report. Oppenheimer reduced his price target on Unity Software from $185.00 to $135.00 in a Friday, February 4 research report. Finally, Daiwa Capital Markets launched coverage on Unity Software in a research report on Monday, March 28. They set an “outperform” rating and a price target of $110.00 on the stock. Three research analysts gave the stock a hold rating and twelve gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $149.64.

In related news, please Marc Whitten sold 2,080 shares of Unity Software in a trade that took place on Tuesday, February 1. The stock was sold at an average price of $108.19, for a total value of $225,035.20. The transaction was disclosed in an SEC filing, which is available via the SEC website. Also, director David Helgason sold 83,333 shares of Unity Software in a trade that took place on Wednesday, March 2. The shares were sold at an average price of $101.31, for a total value of $8,442,466.23. Disclosure of this sale can be found here. In the past three months, insiders have sold 131,405 shares of the company worth $13,540,164. Company insiders hold 19.00% of the company’s shares.

A number of institutional investors and hedge funds have recently bought and sold shares of U. Skandinaviska Enskilda Banken AB publ increased its stake in Unity Software by 10.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 56,842 shares of the company valued at $7,176,000 after purchasing an additional 5,400 shares in the last quarter. Natixis acquired a new stake in Unity Software in the third quarter valued at approximately $28,326,000. Alliancebernstein LP increased its position in Unity Software by 1.9% in Q3. Alliancebernstein LP now owns 190,336 shares of the company valued at $24,030,000 after acquiring 3,603 additional shares during the period. Russell Investments Group Ltd. increased its position in Unity Software by 30.8% in the 4th quarter. Russell Investments Group Ltd. now owns 7,819 shares of the company valued at $1,117,000 after acquiring an additional 1,840 shares during the period. Finally, Teacher Retirement System of Texas increased its position in Unity Software by 24.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 8,853 shares of the company valued at $1,118,000 after acquiring 1,736 additional shares during the period. Institutional investors hold 76.10% of the company’s shares.

Shares of Unity Software Stock opened at $66.41 on Monday. The company has a debt ratio of 0.71, a current ratio of 3.44 and a quick ratio of 3.44. Unity Software has a 12 month minimum of $65.60 and a 12 month maximum of $210.00. The stock has a market capitalization of $19.66 billion, a price-earnings ratio of -35.14 and a beta of 2.38. The company has a 50-day moving average of $90.68 and a 200-day moving average of $122.03.

About Unity Software (Get a rating)

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run and monetize real-time interactive 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, United Kingdom, Germany, Japan, China, Singapore and South Korea. Sud, as well as indirectly through independent distributors and resellers worldwide.

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