Pegasystems (PEGA) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS
Pegasystems (NASDAQ:PEGA) announced its earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.03, AnalystRatings.Net reports. The company had revenue of $143.86 million for the quarter, compared to the consensus estimate of $132.75 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Merriman Capital downgraded shares of Pegasystems from a “buy” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $24.00 price target on the stock. On the ratings front, analysts at Zacks upgraded shares of Pegasystems from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 3rd. They now have a $23.50 price target on the stock. Finally, analysts at TheStreet upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $24.58.
Pegasystems (NASDAQ:PEGA) traded down 0.29% during mid-day trading on Tuesday, hitting $20.84. 263,981 shares of the company’s stock traded hands. Pegasystems has a 1-year low of $15.51 and a 1-year high of $25.765. The stock has a 50-day moving average of $21.46 and a 200-day moving average of $20.25. The company has a market cap of $1.589 billion and a price-to-earnings ratio of 42.65.
In other Pegasystems news, Director Richard H. Jones sold 2,000 shares of Pegasystems stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $22.74, for a total value of $45,480.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.
Receive News & Ratings for Pegasystems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.