Wall Street analysts expect that EPAM Systems (NYSE:EPAM) will report earnings of $0.91 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for EPAM Systems’ earnings. The highest EPS estimate is $0.93 and the lowest is $0.89. EPAM Systems reported earnings per share of $0.72 in the same quarter last year, which suggests a positive year-over-year growth rate of 26.4%. The company is expected to report its next earnings report before the market opens on Wednesday, May 9th.
According to Zacks, analysts expect that EPAM Systems will report full-year earnings of $4.08 per share for the current year, with EPS estimates ranging from $4.03 to $4.15. For the next financial year, analysts expect that the company will post earnings of $5.02 per share, with EPS estimates ranging from $4.85 to $5.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow EPAM Systems.
EPAM Systems (NYSE:EPAM) last posted its earnings results on Friday, February 16th. The information technology services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The company had revenue of $399.30 million for the quarter, compared to analyst estimates of $395.78 million. EPAM Systems had a net margin of 5.02% and a return on equity of 16.52%. The business’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share.
A number of equities research analysts recently commented on EPAM shares. Zacks Investment Research upgraded shares of EPAM Systems from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Needham & Company LLC raised their price objective on shares of EPAM Systems to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and set a $135.00 price objective (up from $105.00) on shares of EPAM Systems in a report on Friday, February 16th. KeyCorp restated an “overweight” rating and set a $132.00 price objective (up from $123.00) on shares of EPAM Systems in a report on Tuesday, February 20th. Finally, Pivotal Research set a $135.00 price objective on shares of EPAM Systems and gave the stock a “buy” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $116.00.
In other EPAM Systems news, Director Richard Michael Mayoras sold 2,500 shares of EPAM Systems stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $114.72, for a total value of $286,800.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.17% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of EPAM. New York State Common Retirement Fund grew its position in shares of EPAM Systems by 2.9% in the 3rd quarter. New York State Common Retirement Fund now owns 54,000 shares of the information technology services provider’s stock valued at $4,748,000 after acquiring an additional 1,500 shares during the period. Bank of New York Mellon Corp grew its position in shares of EPAM Systems by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 216,037 shares of the information technology services provider’s stock valued at $18,997,000 after acquiring an additional 4,764 shares during the period. Legal & General Group Plc grew its position in shares of EPAM Systems by 17.7% in the 3rd quarter. Legal & General Group Plc now owns 21,023 shares of the information technology services provider’s stock valued at $1,840,000 after acquiring an additional 3,164 shares during the period. Dimensional Fund Advisors LP grew its position in shares of EPAM Systems by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 291,070 shares of the information technology services provider’s stock valued at $25,591,000 after acquiring an additional 9,944 shares during the period. Finally, OxFORD Asset Management LLP grew its position in shares of EPAM Systems by 226.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 13,791 shares of the information technology services provider’s stock valued at $1,178,000 after acquiring an additional 9,562 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.
Shares of NYSE:EPAM traded down $1.07 during midday trading on Friday, reaching $118.11. 290,990 shares of the company were exchanged, compared to its average volume of 275,524. EPAM Systems has a fifty-two week low of $73.86 and a fifty-two week high of $125.88. The company has a quick ratio of 5.31, a current ratio of 5.31 and a debt-to-equity ratio of 0.03. The firm has a market cap of $6,321.29, a price-to-earnings ratio of 41.44, a PEG ratio of 1.83 and a beta of 0.92.
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About EPAM Systems
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.
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