Analysts expect PROS Holdings, Inc. (NYSE:PRO) to announce sales of $61.54 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for PROS’s earnings, with the highest sales estimate coming in at $62.10 million and the lowest estimate coming in at $61.24 million. PROS posted sales of $47.43 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.7%. The company is expected to announce its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that PROS will report full year sales of $241.72 million for the current fiscal year, with estimates ranging from $241.36 million to $242.20 million. For the next fiscal year, analysts expect that the company will post sales of $284.36 million, with estimates ranging from $279.20 million to $290.78 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover PROS.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. PROS had a negative net margin of 30.36% and a negative return on equity of 188.83%. The business had revenue of $56.10 million during the quarter, compared to analyst estimates of $54.66 million. During the same period last year, the firm posted ($0.19) EPS. The company’s revenue was up 17.1% on a year-over-year basis.

PRO has been the subject of a number of research analyst reports. Craig Hallum raised shares of PROS from a “hold” rating to a “buy” rating and increased their price objective for the company from $36.00 to $60.00 in a report on Friday, April 26th. Royal Bank of Canada raised their price target on PROS to $48.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Needham & Company LLC raised their price target on PROS from $50.00 to $60.00 and gave the company a “strong-buy” rating in a report on Friday, April 26th. JMP Securities reissued a “market perform” rating on shares of PROS in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. raised their price target on PROS from $42.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $49.22.

A number of hedge funds have recently modified their holdings of PRO. MetLife Investment Advisors LLC lifted its stake in PROS by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 20,031 shares of the software maker’s stock worth $701,000 after purchasing an additional 7,121 shares during the period. Renaissance Technologies LLC acquired a new position in PROS in the third quarter valued at approximately $4,605,000. BB&T Corp lifted its holdings in PROS by 11.0% in the fourth quarter. BB&T Corp now owns 9,613 shares of the software maker’s stock valued at $302,000 after acquiring an additional 950 shares during the period. Comerica Bank lifted its holdings in PROS by 41.4% in the fourth quarter. Comerica Bank now owns 58,555 shares of the software maker’s stock valued at $1,987,000 after acquiring an additional 17,152 shares during the period. Finally, Vanguard Group Inc lifted its holdings in PROS by 18.5% in the third quarter. Vanguard Group Inc now owns 1,586,583 shares of the software maker’s stock valued at $55,562,000 after acquiring an additional 247,315 shares during the period. 96.35% of the stock is owned by hedge funds and other institutional investors.

PRO traded down $0.17 during trading on Friday, reaching $51.09. 328,161 shares of the company traded hands, compared to its average volume of 309,859. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.15 and a quick ratio of 1.15. PROS has a 12-month low of $28.18 and a 12-month high of $53.35. The firm has a market cap of $1.91 billion, a P/E ratio of -46.87 and a beta of 1.27.

About PROS

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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