Equities analysts expect that PROS (NYSE:PRO) will report sales of $46.12 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for PROS’s earnings, with the lowest sales estimate coming in at $45.99 million and the highest estimate coming in at $46.40 million. PROS reported sales of $40.13 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.9%. The firm is scheduled to report its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that PROS will report full year sales of $46.12 million for the current year, with estimates ranging from $188.39 million to $190.00 million. For the next fiscal year, analysts expect that the firm will report sales of $220.50 million per share, with estimates ranging from $215.05 million to $224.93 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for PROS.
PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.05. The company had revenue of $46.34 million for the quarter, compared to analysts’ expectations of $44.68 million. PROS’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) earnings per share.
A number of equities research analysts have recently weighed in on PRO shares. Zacks Investment Research lowered shares of PROS from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Needham & Company LLC raised shares of PROS from a “buy” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a report on Monday, December 11th. ValuEngine raised shares of PROS from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, DA Davidson started coverage on shares of PROS in a report on Friday, February 2nd. They issued a “neutral” rating and a $28.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $31.83.
In other PROS news, Director Ronald F. Woestemeyer sold 250,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $31.00, for a total value of $7,750,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andres Reiner sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $30.78, for a total transaction of $615,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 535,000 shares of company stock worth $16,610,450. 18.90% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. DF Dent & Co. Inc. boosted its holdings in PROS by 7.5% in the fourth quarter. DF Dent & Co. Inc. now owns 2,905,073 shares of the software maker’s stock valued at $76,839,000 after purchasing an additional 202,273 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of PROS during the 4th quarter worth about $287,000. Whale Rock Capital Management LLC purchased a new stake in shares of PROS during the 4th quarter worth about $16,094,000. Teachers Advisors LLC boosted its stake in shares of PROS by 14.8% during the 4th quarter. Teachers Advisors LLC now owns 54,034 shares of the software maker’s stock worth $1,429,000 after acquiring an additional 6,973 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of PROS by 20.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 692,378 shares of the software maker’s stock worth $18,313,000 after acquiring an additional 116,355 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.
Shares of PRO opened at $32.05 on Friday. The firm has a market cap of $1,038.00, a PE ratio of -20.95 and a beta of 1.20. The company has a debt-to-equity ratio of -4.54, a quick ratio of 1.98 and a current ratio of 1.98. PROS has a 1-year low of $21.36 and a 1-year high of $34.91.
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PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.
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