EPAM Systems, Inc. (EPAM) Scheduled to Post Quarterly Earnings on Monday
EPAM Systems, Inc. (NYSE:EPAM) is scheduled to issue its quarterly earnings data before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. EPAM Systems has set its Q3 guidance at at least $0.84 EPS and its FY17 guidance at at least $3.29 EPS.
EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The business had revenue of $348.98 million during the quarter, compared to analysts’ expectations of $342.00 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The firm’s revenue was up 23.0% on a year-over-year basis. On average, analysts expect EPAM Systems to post $2.55 EPS for the current fiscal year and $3.26 EPS for the next fiscal year.
EPAM Systems, Inc. (NYSE EPAM) opened at 90.95 on Monday. The company’s 50-day moving average is $87.78 and its 200 day moving average is $83.40. EPAM Systems, Inc. has a one year low of $54.53 and a one year high of $91.97. The firm has a market cap of $4.78 billion, a PE ratio of 43.92 and a beta of 0.99.
In related news, SVP Elaina Shekhter sold 500 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $90.00, for a total value of $45,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Arkadiy Dobkin sold 25,100 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $80.49, for a total transaction of $2,020,299.00. The disclosure for this sale can be found here. Insiders sold a total of 273,000 shares of company stock worth $22,992,195 over the last three months. 6.17% of the stock is owned by insiders.
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Several analysts recently issued reports on EPAM shares. Credit Suisse Group started coverage on shares of EPAM Systems in a research report on Tuesday, July 4th. They issued an “outperform” rating and a $90.00 price target for the company. Bank of America Corporation started coverage on shares of EPAM Systems in a research report on Tuesday, September 12th. They issued a “buy” rating and a $95.00 price target for the company. UBS AG lifted their price target on shares of EPAM Systems from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, August 4th. BidaskClub downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 16th. Finally, KeyCorp lifted their price target on shares of EPAM Systems from $90.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $93.57.
EPAM Systems Company Profile
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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