EPAM Systems (NYSE:EPAM) Releases FY18 Earnings Guidance

EPAM Systems (NYSE:EPAM) updated its FY18 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of at least $4.03 for the period, compared to the Thomson Reuters consensus estimate of $4.18. The company issued revenue guidance of at least $1.8 billion (+24% y/y), compared to the consensus revenue estimate of $1.76 billion.EPAM Systems also updated its Q1 guidance to at least $0.90 EPS.

Several analysts have recently issued reports on the company. KeyCorp reaffirmed a buy rating and set a $100.00 price objective on shares of EPAM Systems in a report on Sunday, October 29th. UBS Group cut EPAM Systems from a buy rating to a neutral rating and upped their price objective for the stock from $105.00 to $110.00 in a report on Wednesday, November 29th. Zacks Investment Research cut EPAM Systems from a buy rating to a hold rating in a report on Friday, November 17th. Cantor Fitzgerald restated a buy rating and set a $92.00 price target on shares of EPAM Systems in a report on Thursday, November 2nd. Finally, Pivotal Research set a $135.00 price target on EPAM Systems and gave the company a buy rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $113.94.

Shares of EPAM Systems (EPAM) traded up $0.85 during trading on Friday, reaching $115.50. The company’s stock had a trading volume of 92,506 shares, compared to its average volume of 304,219. The company has a market cap of $5,989.27, a P/E ratio of 87.52, a PEG ratio of 1.81 and a beta of 0.93. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03. EPAM Systems has a 12 month low of $71.58 and a 12 month high of $119.18.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Friday, February 16th. The information technology services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The company had revenue of $399.30 million for the quarter, compared to the consensus estimate of $395.78 million. EPAM Systems had a return on equity of 16.80% and a net margin of 5.02%. EPAM Systems’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. equities analysts anticipate that EPAM Systems will post 3.28 EPS for the current year.

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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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