Equities research analysts expect that EPAM Systems Inc (NYSE:EPAM) will announce sales of $414.20 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for EPAM Systems’ earnings, with estimates ranging from $412.31 million to $415.37 million. EPAM Systems reported sales of $324.65 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.6%. The firm is expected to report its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that EPAM Systems will report full year sales of $414.20 million for the current fiscal year, with estimates ranging from $1.80 billion to $1.82 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.19 billion per share, with estimates ranging from $2.18 billion to $2.23 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover EPAM Systems.
EPAM Systems (NYSE:EPAM) last posted its earnings results on Friday, February 16th. The information technology services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. EPAM Systems had a return on equity of 16.52% and a net margin of 5.02%. The firm had revenue of $399.30 million during the quarter, compared to analyst estimates of $395.78 million. During the same period in the previous year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 27.4% on a year-over-year basis.
Several equities research analysts recently weighed in on EPAM shares. Zacks Investment Research lowered EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen set a $115.00 target price on EPAM Systems and gave the stock a “buy” rating in a report on Monday, December 11th. UBS lowered EPAM Systems from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $105.00 to $110.00 in a report on Wednesday, November 29th. Pivotal Research assumed coverage on EPAM Systems in a report on Tuesday, December 5th. They set a “buy” rating and a $120.00 price target for the company. Finally, Needham & Company LLC upped their price target on EPAM Systems to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $114.88.
In related news, Director Richard Michael Mayoras sold 2,500 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $114.72, for a total value of $286,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.17% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of EPAM. Bank of Montreal Can raised its stake in shares of EPAM Systems by 113.9% in the fourth quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock valued at $190,000 after purchasing an additional 944 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in shares of EPAM Systems in the fourth quarter valued at $204,000. Two Sigma Investments LP acquired a new position in shares of EPAM Systems in the fourth quarter valued at $215,000. Comerica Bank acquired a new position in shares of EPAM Systems in the fourth quarter valued at $225,000. Finally, OppenheimerFunds Inc. acquired a new position in shares of EPAM Systems in the fourth quarter valued at $232,000. Institutional investors and hedge funds own 91.61% of the company’s stock.
EPAM Systems (NYSE EPAM) traded down $2.68 on Tuesday, reaching $119.07. The company had a trading volume of 535,867 shares, compared to its average volume of 316,284. EPAM Systems has a 12-month low of $71.58 and a 12-month high of $125.88. The company has a current ratio of 5.31, a quick ratio of 5.31 and a debt-to-equity ratio of 0.03. The firm has a market cap of $6,461.84, a price-to-earnings ratio of 90.89, a P/E/G ratio of 1.93 and a beta of 0.96.
About EPAM Systems
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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