Zacks: Analysts Anticipate EPAM Systems Inc (EPAM) Will Post Earnings of $0.97 Per Share

Analysts expect EPAM Systems Inc (NYSE:EPAM) to announce earnings of $0.97 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for EPAM Systems’ earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.96. EPAM Systems posted earnings per share of $0.77 in the same quarter last year, which indicates a positive year over year growth rate of 26%. The company is expected to announce its next earnings results before the market opens on Friday, February 16th.

On average, analysts expect that EPAM Systems will report full year earnings of $3.42 per share for the current year, with EPS estimates ranging from $3.41 to $3.44. For the next financial year, analysts forecast that the business will post earnings of $4.14 per share, with EPS estimates ranging from $4.08 to $4.22. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover EPAM Systems.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.07. EPAM Systems had a return on equity of 15.70% and a net margin of 9.41%. The firm had revenue of $377.50 million during the quarter, compared to the consensus estimate of $368.22 million. During the same period in the prior year, the company earned $0.76 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year.

EPAM has been the subject of several recent research reports. BidaskClub raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday, October 3rd. Bank of America increased their price objective on EPAM Systems from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Citigroup increased their price objective on EPAM Systems from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $110.00 target price (up from $90.00) on shares of EPAM Systems in a report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. EPAM Systems presently has an average rating of “Buy” and a consensus target price of $102.87.

In other news, Director Ronald P. Vargo sold 4,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $101.32, for a total transaction of $405,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arkadiy Dobkin sold 19,600 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $103.21, for a total value of $2,022,916.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,154 shares of company stock valued at $21,216,385. Company insiders own 6.17% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its holdings in shares of EPAM Systems by 6.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 345,997 shares of the information technology services provider’s stock worth $37,171,000 after purchasing an additional 21,179 shares during the period. Profit Investment Management LLC grew its holdings in shares of EPAM Systems by 2.9% during the 4th quarter. Profit Investment Management LLC now owns 31,820 shares of the information technology services provider’s stock worth $3,418,000 after purchasing an additional 893 shares during the period. Bank of Montreal Can grew its holdings in shares of EPAM Systems by 113.9% during the 4th quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock worth $190,000 after purchasing an additional 944 shares during the period. California Public Employees Retirement System boosted its holdings in EPAM Systems by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 103,657 shares of the information technology services provider’s stock valued at $9,115,000 after acquiring an additional 6,557 shares during the period. Finally, Bamco Inc. NY boosted its holdings in EPAM Systems by 28.0% during the 3rd quarter. Bamco Inc. NY now owns 53,836 shares of the information technology services provider’s stock valued at $4,734,000 after acquiring an additional 11,763 shares during the period. Institutional investors and hedge funds own 89.15% of the company’s stock.

EPAM Systems (NYSE:EPAM) opened at $113.11 on Friday. EPAM Systems has a 52 week low of $63.32 and a 52 week high of $113.52. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $5,928.21, a price-to-earnings ratio of 48.13, a P/E/G ratio of 1.70 and a beta of 0.98.

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About EPAM Systems

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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