Pegasystems Inc. (PEGA) Scheduled to Post Quarterly Earnings on Tuesday
Pegasystems Inc. (NASDAQ:PEGA) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.04). Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The firm had revenue of $197.98 million during the quarter, compared to analysts’ expectations of $205.06 million. During the same period last year, the business posted $0.19 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. On average, analysts expect Pegasystems to post $0.54 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.
Shares of Pegasystems Inc. (NASDAQ PEGA) traded up 0.042% during midday trading on Tuesday, reaching $59.175. The company had a trading volume of 21,999 shares. Pegasystems Inc. has a 1-year low of $29.10 and a 1-year high of $64.85. The company’s 50-day moving average is $58.14 and its 200-day moving average is $56.15. The stock has a market capitalization of $4.59 billion, a PE ratio of 94.680 and a beta of 1.48.
The company also recently announced a dividend, which was paid on Friday, October 6th. Shareholders of record on Monday, October 2nd were issued a $0.03 dividend. The ex-dividend date was Friday, September 29th. Pegasystems’s dividend payout ratio is 19.67%.
In other Pegasystems news, SVP Douglas I. Kra sold 1,194 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $60.20, for a total value of $71,878.80. Following the completion of the sale, the senior vice president now owns 24,817 shares in the company, valued at $1,493,983.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kenneth Stillwell sold 4,283 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $60.48, for a total value of $259,035.84. Following the completion of the sale, the chief financial officer now owns 8,746 shares of the company’s stock, valued at approximately $528,958.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,432 shares of company stock valued at $1,834,674. Company insiders own 53.61% of the company’s stock.
PEGA has been the topic of a number of recent research reports. BidaskClub raised Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded Pegasystems from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Mitsubishi UFJ Financial Group set a $57.00 target price on Pegasystems and gave the company a “buy” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Pegasystems has an average rating of “Buy” and an average price target of $63.00.
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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