EPAM Systems Inc (EPAM) Expected to Post Quarterly Sales of $395.59 Million

Analysts forecast that EPAM Systems Inc (NYSE:EPAM) will announce $395.59 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for EPAM Systems’ earnings, with the lowest sales estimate coming in at $393.50 million and the highest estimate coming in at $399.55 million. EPAM Systems posted sales of $313.53 million in the same quarter last year, which would indicate a positive year over year growth rate of 26.2%. The firm is expected to issue its next earnings results before the market opens on Friday, February 16th.

On average, analysts expect that EPAM Systems will report full-year sales of $395.59 million for the current financial year, with estimates ranging from $1.44 billion to $1.45 billion. For the next financial year, analysts anticipate that the business will post sales of $1.75 billion per share, with estimates ranging from $1.73 billion to $1.79 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for EPAM Systems.

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

Several equities research analysts recently commented on EPAM shares. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Wednesday, November 1st. Cowen set a $115.00 target price on EPAM Systems and gave the stock a “buy” rating in a research note on Monday, December 11th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $92.00 target price on shares of EPAM Systems in a research note on Thursday, November 2nd. KeyCorp reaffirmed a “buy” rating on shares of EPAM Systems in a research note on Friday, October 20th. Finally, UBS Group cut EPAM Systems from a “buy” rating to a “neutral” rating and raised their target price for the stock from $105.00 to $110.00 in a research note on Wednesday, November 29th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. EPAM Systems has an average rating of “Buy” and an average price target of $102.87.

Shares of EPAM Systems (NYSE:EPAM) opened at $111.72 on Wednesday. EPAM Systems has a one year low of $64.67 and a one year high of $119.18. The company has a market capitalization of $5,774.00, a P/E ratio of 43.21, a P/E/G ratio of 1.66 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.56 and a current ratio of 5.56.

In other EPAM Systems news, Director Ronald P. Vargo sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $101.32, for a total value of $405,280.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Arkadiy Dobkin sold 75,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $101.64, for a total value of $7,623,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,600 shares of company stock worth $10,051,196. Corporate insiders own 6.17% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Prudential Financial Inc. boosted its holdings in EPAM Systems by 1.6% in the second quarter. Prudential Financial Inc. now owns 6,820 shares of the information technology services provider’s stock worth $573,000 after acquiring an additional 110 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in EPAM Systems by 3.7% in the second quarter. Ameritas Investment Partners Inc. now owns 4,317 shares of the information technology services provider’s stock worth $363,000 after acquiring an additional 153 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in EPAM Systems by 34.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 378 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in EPAM Systems by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 37,474 shares of the information technology services provider’s stock worth $3,151,000 after acquiring an additional 423 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in EPAM Systems by 8.7% in the third quarter. American Century Companies Inc. now owns 7,278 shares of the information technology services provider’s stock worth $640,000 after acquiring an additional 581 shares in the last quarter. Institutional investors and hedge funds own 89.27% of the company’s stock.

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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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