EPAM Systems (NYSE:EPAM) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of at least $5.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.23. The company issued revenue guidance of at least 23% (~$2.27 billion), compared to the consensus revenue estimate of $2.26 billion.EPAM Systems also updated its FY 2019 guidance to $5.25 EPS.
EPAM has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of EPAM Systems from a buy rating to a hold rating and set a $198.00 target price for the company. in a report on Wednesday, July 10th. Wedbush restated an outperform rating and set a $180.00 price target (up previously from $158.00) on shares of EPAM Systems in a research report on Wednesday, May 8th. Finally, Cowen increased their target price on shares of EPAM Systems from $180.00 to $210.00 and gave the company a positive rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. EPAM Systems currently has an average rating of Buy and an average target price of $166.40.
NYSE:EPAM opened at $184.40 on Thursday. EPAM Systems has a twelve month low of $104.77 and a twelve month high of $201.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.41 and a current ratio of 4.41. The firm’s 50-day simple moving average is $185.80. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 47.16, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38.
EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.33. EPAM Systems had a net margin of 12.19% and a return on equity of 19.56%. The company had revenue of $521.30 million during the quarter, compared to analyst estimates of $519.11 million. During the same period in the prior year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, equities analysts forecast that EPAM Systems will post 4.3 earnings per share for the current year.
In other news, VP Gary C. Abrahams sold 361 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $177.16, for a total value of $63,954.76. Following the completion of the sale, the vice president now directly owns 2,710 shares of the company’s stock, valued at $480,103.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Arkadiy Dobkin sold 125,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $177.08, for a total transaction of $22,135,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,593,490 shares of the company’s stock, valued at $282,175,209.20. The disclosure for this sale can be found here. Insiders have sold 362,189 shares of company stock valued at $63,001,372 over the last ninety days. Insiders own 5.30% of the company’s stock.
EPAM Systems Company Profile
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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