$40.95 Million in Sales Expected for PROS Holdings, Inc. (PRO) This Quarter
Brokerages expect PROS Holdings, Inc. (NYSE:PRO) to report $40.95 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for PROS Holdings’ earnings, with the lowest sales estimate coming in at $40.75 million and the highest estimate coming in at $41.40 million. PROS Holdings reported sales of $38.38 million in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The business is expected to report its next earnings report on Tuesday, November 7th.
On average, analysts expect that PROS Holdings will report full-year sales of $40.95 million for the current year, with estimates ranging from $164.60 million to $168.50 million. For the next fiscal year, analysts forecast that the firm will report sales of $188.88 million per share, with estimates ranging from $177.80 million to $195.84 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for PROS Holdings.
PROS Holdings (NYSE:PRO) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.35) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.04. The business had revenue of $40.40 million during the quarter, compared to analysts’ expectations of $39.48 million. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 46.55%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) EPS.
A number of research firms recently issued reports on PRO. Deutsche Bank AG increased their price objective on PROS Holdings to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. ValuEngine upgraded PROS Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Pacific Crest increased their price objective on PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, June 29th. Finally, Stifel Nicolaus increased their price objective on PROS Holdings from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $31.20.
In other PROS Holdings news, CEO Andres Reiner sold 28,175 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $28.67, for a total value of $807,777.25. Following the completion of the transaction, the chief executive officer now directly owns 423,140 shares in the company, valued at $12,131,423.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 84,525 shares of company stock valued at $2,412,625. Corporate insiders own 18.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PRO. ETF Managers Group LLC bought a new position in PROS Holdings during the second quarter worth $110,000. Bank of Montreal Can increased its position in PROS Holdings by 1.4% in the second quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock worth $121,000 after buying an additional 59 shares in the last quarter. Legal & General Group Plc increased its position in PROS Holdings by 3.3% in the second quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock worth $172,000 after buying an additional 199 shares in the last quarter. Menta Capital LLC bought a new position in PROS Holdings during the first quarter worth $267,000. Finally, UBS Asset Management Americas Inc. bought a new position in PROS Holdings during the second quarter worth $359,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.
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Shares of PROS Holdings (NYSE:PRO) opened at 25.97 on Friday. The company has a 50 day moving average price of $28.07 and a 200 day moving average price of $25.62. The company’s market cap is $825.53 million. PROS Holdings has a 52 week low of $17.80 and a 52 week high of $30.49.
PROS Holdings Company Profile
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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