Equities research analysts expect EPAM Systems (NYSE:EPAM) to post $447.45 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for EPAM Systems’ earnings, with estimates ranging from $445.64 million to $449.26 million. EPAM Systems reported sales of $348.98 million during the same quarter last year, which indicates a positive year over year growth rate of 28.2%. The firm is expected to report its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that EPAM Systems will report full-year sales of $1.84 billion for the current financial year, with estimates ranging from $1.82 billion to $1.85 billion. For the next year, analysts expect that the business will report sales of $2.24 billion per share, with estimates ranging from $2.20 billion to $2.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for EPAM Systems.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Wednesday, May 9th. The information technology services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. EPAM Systems had a return on equity of 17.45% and a net margin of 7.33%. The firm had revenue of $424.15 million for the quarter, compared to the consensus estimate of $414.15 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The firm’s revenue was up 30.6% on a year-over-year basis.
A number of equities analysts recently commented on EPAM shares. Berenberg Bank increased their price objective on EPAM Systems to $145.00 in a report on Thursday, May 10th. They noted that the move was a valuation call. ValuEngine raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research cut EPAM Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Cantor Fitzgerald increased their price objective on EPAM Systems to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 19th. Finally, KeyCorp increased their price objective on EPAM Systems to $132.00 and gave the company an “overweight” rating in a research report on Monday, May 7th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. EPAM Systems presently has a consensus rating of “Buy” and a consensus price target of $125.25.
EPAM Systems opened at $126.41 on Friday, MarketBeat Ratings reports. EPAM Systems has a 52 week low of $77.96 and a 52 week high of $131.75. The company has a market capitalization of $6.71 billion, a P/E ratio of 44.35, a PEG ratio of 1.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.39 and a current ratio of 5.39.
In other EPAM Systems news, CFO Jason D. Peterson sold 3,120 shares of EPAM Systems stock in a transaction on Friday, May 11th. The stock was sold at an average price of $129.78, for a total transaction of $404,913.60. Following the completion of the transaction, the chief financial officer now directly owns 10,627 shares of the company’s stock, valued at $1,379,172.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of EPAM. BlackRock Inc. lifted its holdings in shares of EPAM Systems by 11.9% during the first quarter. BlackRock Inc. now owns 3,743,627 shares of the information technology services provider’s stock valued at $428,720,000 after acquiring an additional 398,653 shares during the period. Barings LLC bought a new position in shares of EPAM Systems during the fourth quarter valued at $39,278,000. Asset Management One Co. Ltd. lifted its holdings in shares of EPAM Systems by 50.1% during the first quarter. Asset Management One Co. Ltd. now owns 762,658 shares of the information technology services provider’s stock valued at $87,340,000 after acquiring an additional 254,435 shares during the period. Sutton Square Management L.P. bought a new position in shares of EPAM Systems during the fourth quarter valued at $11,354,000. Finally, Millennium Management LLC bought a new position in shares of EPAM Systems during the first quarter valued at $10,516,000. 90.18% of the stock is owned by institutional investors.
EPAM Systems Company Profile
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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