Equities analysts forecast that PROS Holdings, Inc. (NYSE:PRO) will post ($0.20) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for PROS’s earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.19). PROS reported earnings per share of ($0.22) during the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The company is scheduled to announce its next earnings report after the market closes on Thursday, October 25th.
According to Zacks, analysts expect that PROS will report full-year earnings of ($0.74) per share for the current fiscal year, with EPS estimates ranging from ($0.77) to ($0.72). For the next fiscal year, analysts forecast that the company will post earnings of ($0.53) per share, with EPS estimates ranging from ($0.65) to ($0.41). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for PROS.
PROS (NYSE:PRO) last announced its quarterly earnings results on Thursday, July 26th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.04. The business had revenue of $47.40 million for the quarter, compared to analyst estimates of $46.30 million. During the same quarter last year, the firm posted ($0.22) EPS. The company’s revenue was up 17.3% compared to the same quarter last year.
A number of brokerages have issued reports on PRO. Zacks Investment Research lowered PROS from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Royal Bank of Canada began coverage on PROS in a research report on Tuesday. They set an “outperform” rating and a $38.00 price target for the company. Northland Securities reiterated a “buy” rating and set a $45.00 price target on shares of PROS in a research report on Friday, July 27th. ValuEngine upgraded PROS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 4th. Finally, KeyCorp reissued a “buy” rating and issued a $45.00 price objective on shares of PROS in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. PROS presently has an average rating of “Buy” and an average price target of $39.63.
In other news, CEO Andres Reiner sold 10,000 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $39.03, for a total value of $390,300.00. Following the sale, the chief executive officer now owns 445,399 shares of the company’s stock, valued at approximately $17,383,922.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 30,000 shares of company stock worth $1,088,600 in the last three months. Company insiders own 15.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Conestoga Capital Advisors LLC raised its stake in shares of PROS by 6.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,990,571 shares of the software maker’s stock worth $72,795,000 after buying an additional 121,845 shares in the last quarter. BlackRock Inc. raised its stake in shares of PROS by 7.9% in the 2nd quarter. BlackRock Inc. now owns 1,855,897 shares of the software maker’s stock worth $67,873,000 after buying an additional 135,464 shares in the last quarter. Northern Trust Corp raised its stake in shares of PROS by 4.1% in the 2nd quarter. Northern Trust Corp now owns 504,042 shares of the software maker’s stock worth $18,433,000 after buying an additional 20,001 shares in the last quarter. Fred Alger Management Inc. raised its stake in shares of PROS by 96.7% in the 2nd quarter. Fred Alger Management Inc. now owns 469,431 shares of the software maker’s stock worth $17,167,000 after buying an additional 230,754 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of PROS by 90.3% in the 2nd quarter. Millennium Management LLC now owns 362,093 shares of the software maker’s stock worth $13,242,000 after buying an additional 171,865 shares in the last quarter.
PRO stock traded down $0.36 during trading on Friday, reaching $30.98. 229,100 shares of the company’s stock were exchanged, compared to its average volume of 244,926. The company has a debt-to-equity ratio of -3.19, a quick ratio of 1.65 and a current ratio of 1.65. PROS has a 1-year low of $21.36 and a 1-year high of $41.10. The firm has a market capitalization of $1.08 billion, a PE ratio of -20.57 and a beta of 1.25.
PROS Company Profile
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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