EPAM Systems (NYSE:EPAM) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of at least $1.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.13. EPAM Systems also updated its FY 2018 guidance to $4.32 EPS.
Shares of EPAM stock traded down $1.30 during mid-day trading on Friday, hitting $126.30. 464,555 shares of the company’s stock were exchanged, compared to its average volume of 382,787. EPAM Systems has a fifty-two week low of $96.11 and a fifty-two week high of $144.19. The company has a quick ratio of 5.65, a current ratio of 5.65 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 44.32, a price-to-earnings-growth ratio of 1.81 and a beta of 1.15.
EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, November 1st. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.33. EPAM Systems had a return on equity of 18.55% and a net margin of 7.68%. The business had revenue of $468.20 million for the quarter, compared to analysts’ expectations of $466.97 million. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue was up 24.0% on a year-over-year basis. As a group, analysts anticipate that EPAM Systems will post 3.19 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on EPAM shares. Bank of America cut EPAM Systems from a buy rating to a neutral rating and raised their price objective for the stock from $134.00 to $147.00 in a report on Tuesday, September 4th. Citigroup raised their price objective on EPAM Systems from $142.00 to $153.00 and gave the stock a buy rating in a report on Friday, October 5th. Zacks Investment Research cut EPAM Systems from a hold rating to a sell rating in a report on Wednesday, August 8th. KeyCorp raised their price objective on EPAM Systems from $143.00 to $149.00 and gave the stock an overweight rating in a report on Monday, July 30th. Finally, Wolfe Research started coverage on EPAM Systems in a report on Tuesday, July 17th. They set an outperform rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $140.13.
In related news, SVP Boris Shnayder sold 3,000 shares of EPAM Systems stock in a transaction on Monday, August 13th. The stock was sold at an average price of $130.86, for a total value of $392,580.00. Following the transaction, the senior vice president now owns 25,508 shares in the company, valued at $3,337,976.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Harman sold 3,547 shares of EPAM Systems stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $136.98, for a total value of $485,868.06. Following the completion of the transaction, the senior vice president now owns 9,473 shares in the company, valued at approximately $1,297,611.54. The disclosure for this sale can be found here. Insiders sold 41,680 shares of company stock worth $5,876,795 in the last quarter. 5.30% of the stock is owned by insiders.
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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