Analysts Anticipate EPAM Systems, Inc. (EPAM) to Announce $0.86 EPS
Wall Street brokerages predict that EPAM Systems, Inc. (NYSE:EPAM) will post earnings of $0.86 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for EPAM Systems’ earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.84. EPAM Systems posted earnings of $0.76 per share during the same quarter last year, which would suggest a positive year over year growth rate of 13.2%. The firm is scheduled to issue its next earnings results on Monday, November 6th.
On average, analysts expect that EPAM Systems will report full-year earnings of $3.30 per share for the current financial year, with EPS estimates ranging from $3.28 to $3.32. For the next financial year, analysts expect that the firm will post earnings of $4.04 per share, with EPS estimates ranging from $3.97 to $4.12. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover EPAM Systems.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The business had revenue of $348.98 million during the quarter, compared to analyst estimates of $342.00 million. During the same period in the previous year, the business earned $0.71 EPS. EPAM Systems’s revenue was up 23.0% compared to the same quarter last year.
A number of research firms recently issued reports on EPAM. BidaskClub downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 16th. KeyCorp boosted their target price on shares of EPAM Systems from $90.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, September 13th. Bank of America Corporation initiated coverage on shares of EPAM Systems in a report on Tuesday, September 12th. They set a “buy” rating and a $95.00 target price for the company. Cowen and Company reaffirmed a “buy” rating and set a $95.00 target price on shares of EPAM Systems in a report on Friday, September 1st. Finally, Jefferies Group LLC set a $95.00 price target on shares of EPAM Systems and gave the stock a “buy” rating in a research report on Thursday, August 17th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $91.54.
Shares of EPAM Systems (NYSE:EPAM) traded down 0.77% during midday trading on Monday, reaching $87.25. 295,285 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $82.21 and a 200-day moving average of $80.51. EPAM Systems has a one year low of $54.53 and a one year high of $88.84. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 42.13 and a beta of 0.99.
In other EPAM Systems news, CEO Arkadiy Dobkin sold 5,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $78.86, for a total value of $394,300.00. Following the completion of the sale, the chief executive officer now owns 2,105,851 shares in the company, valued at approximately $166,067,409.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 212,500 shares of company stock worth $17,544,745 over the last 90 days. Insiders own 6.17% of the company’s stock.
A number of hedge funds have recently bought and sold shares of EPAM. Acrospire Investment Management LLC purchased a new stake in EPAM Systems during the 2nd quarter valued at approximately $101,000. Jacobi Capital Management LLC purchased a new position in shares of EPAM Systems in the second quarter worth $119,000. PNC Financial Services Group Inc. lifted its holdings in shares of EPAM Systems by 34.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after buying an additional 378 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of EPAM Systems by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock worth $134,000 after buying an additional 166 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of EPAM Systems by 1,762.5% in the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after buying an additional 1,974 shares in the last quarter. Institutional investors and hedge funds own 87.88% of the company’s stock.
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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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