$41.17 Million in Sales Expected for PROS Holdings, Inc. (PRO) This Quarter
Equities research analysts expect PROS Holdings, Inc. (NYSE:PRO) to report sales of $41.17 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for PROS Holdings’ earnings. The lowest sales estimate is $40.75 million and the highest is $42.40 million. PROS Holdings posted sales of $38.38 million during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, October 26th.
On average, analysts expect that PROS Holdings will report full-year sales of $41.17 million for the current year, with estimates ranging from $166.79 million to $167.16 million. For the next financial year, analysts anticipate that the firm will post sales of $188.60 million per share, with estimates ranging from $181.10 million to $195.84 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow PROS Holdings.
PROS Holdings (NYSE:PRO) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.35) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.04. The firm had revenue of $40.40 million during the quarter, compared to analyst estimates of $39.48 million. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) earnings per share.
A number of brokerages recently issued reports on PRO. Pacific Crest raised their price objective on PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, June 29th. Stifel Nicolaus reissued a “hold” rating and set a $28.00 price objective on shares of PROS Holdings in a research report on Sunday, October 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.60.
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Shares of PROS Holdings (NYSE:PRO) opened at 25.05 on Friday. The stock’s 50 day moving average is $24.77 and its 200-day moving average is $26.17. The stock’s market capitalization is $796.29 million. PROS Holdings has a 52 week low of $20.34 and a 52 week high of $30.49.
In other news, Director Ronald F. Woestemeyer sold 50,000 shares of PROS Holdings stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $25.51, for a total value of $1,275,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andres Reiner sold 28,175 shares of PROS Holdings stock in a transaction dated Wednesday, August 2nd. The shares were 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 owns 423,140 shares of the company’s stock, valued at approximately $12,131,423.80. The disclosure for this sale can be found here. Insiders sold a total of 86,350 shares of company stock valued at $2,296,808 in the last quarter. Company insiders own 18.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in PRO. Daruma Capital Management LLC boosted its stake in shares of PROS Holdings by 2,559.7% in the 2nd quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock valued at $38,784,000 after buying an additional 1,362,746 shares during the period. FMR LLC purchased a new stake in PROS Holdings during the second quarter worth approximately $13,853,000. Driehaus Capital Management LLC purchased a new stake in PROS Holdings during the first quarter worth approximately $5,103,000. Vanguard Group Inc. lifted its stake in PROS Holdings by 10.5% during the first quarter. Vanguard Group Inc. now owns 1,203,757 shares of the software maker’s stock worth $29,119,000 after purchasing an additional 114,641 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in PROS Holdings during the second quarter worth approximately $2,804,000. Institutional investors and hedge funds own 91.59% of the company’s stock.
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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