EPAM Systems (EPAM) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS
EPAM Systems (NASDAQ:EPAM) issued its quarterly earnings data on Monday. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.05, AmericanBankingNews.com reports. The company had revenue of $174.70 million for the quarter, compared to the consensus estimate of $169.52 million.
EPAM Systems (NASDAQ:EPAM) traded up 3.21% during mid-day trading on Monday, hitting $39.24. 287,613 shares of the company’s stock traded hands. EPAM Systems has a one year low of $28.50 and a one year high of $46.70. The stock’s 50-day moving average is $41.01 and its 200-day moving average is $38.28. The company has a market cap of $1.844 billion and a P/E ratio of 27.98.
On the ratings front, analysts at Barclays raised their price target on shares of EPAM Systems from $38.00 to $41.00 in a research note on Friday, June 6th. They now have an “equal weight” rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $45.25.
EPAM Systems, Inc (NASDAQ:EPAM) is a global information technology (IT) services provider focused on software product development services, software engineering and vertically-oriented custom development solutions.
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