PROS Holdings, Inc. (NYSE:PRO) Expected to Post Quarterly Sales of $39.39 Million
Equities research analysts expect PROS Holdings, Inc. (NYSE:PRO) to announce sales of $39.39 million for the current quarter, Zacks reports. Five analysts have provided estimates for PROS Holdings’ earnings, with the lowest sales estimate coming in at $38.81 million and the highest estimate coming in at $40.50 million. PROS Holdings reported sales of $37.04 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, August 3rd.
According to Zacks, analysts expect that PROS Holdings will report full year sales of $39.39 million for the current fiscal year, with estimates ranging from $163.43 million to $165.02 million. For the next financial year, analysts anticipate that the business will report sales of $184.56 million per share, with estimates ranging from $177.80 million to $190.48 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for PROS Holdings.
PROS Holdings (NYSE:PRO) last released its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.34) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.08. PROS Holdings had a negative net margin of 48.21% and a negative return on equity of 2,114.05%. The firm had revenue of $40.13 million for the quarter, compared to the consensus estimate of $38.60 million.
Several equities analysts have weighed in on PRO shares. Zacks Investment Research upgraded PROS Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Stifel Nicolaus raised their target price on PROS Holdings from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Deutsche Bank AG raised their target price on PROS Holdings to $35.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. ValuEngine raised PROS Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Pacific Crest raised their target price on PROS Holdings from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, June 29th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.20.
PROS Holdings (NYSE:PRO) opened at 28.21 on Monday. The firm has a 50 day moving average of $28.06 and a 200 day moving average of $25.07. PROS Holdings has a 12-month low of $16.25 and a 12-month high of $30.49. The firm’s market capitalization is $886.75 million.
In other news, CEO Andres Reiner sold 52,698 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $24.88, for a total transaction of $1,311,126.24. Following the completion of the sale, the chief executive officer now directly owns 472,188 shares of the company’s stock, valued at approximately $11,748,037.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Leslie J. Rechan bought 4,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $25.54 per share, with a total value of $102,160.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 112,474 shares of company stock valued at $3,001,624. Insiders own 17.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. Bank of Montreal Can increased its stake in PROS Holdings by 1.4% in the second quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock valued at $121,000 after buying an additional 59 shares during the last quarter. Menta Capital LLC bought a new stake in PROS Holdings during the first quarter valued at $267,000. American International Group Inc. increased its stake in PROS Holdings by 7.0% in the first quarter. American International Group Inc. now owns 15,507 shares of the software maker’s stock valued at $375,000 after buying an additional 1,021 shares during the last quarter. Trexquant Investment LP bought a new stake in PROS Holdings during the first quarter valued at $405,000. Finally, Russell Investments Group Ltd. bought a new stake in PROS Holdings during the second quarter valued at $411,000. 89.66% of the stock is owned by institutional investors.
About PROS Holdings
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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