DA Davidson Weighs in on PROS Holdings, Inc.’s Q2 2018 Earnings (PRO)

PROS Holdings, Inc. (NYSE:PRO) – Research analysts at DA Davidson cut their Q2 2018 EPS estimates for PROS in a research note issued on Wednesday. DA Davidson analyst R. Jaluria now anticipates that the software maker will post earnings of ($0.34) per share for the quarter, down from their previous forecast of ($0.32). DA Davidson has a “Neutral” rating and a $28.00 price objective on the stock. DA Davidson also issued estimates for PROS’s Q3 2018 earnings at ($0.31) EPS, FY2018 earnings at ($1.27) EPS, Q1 2019 earnings at ($0.31) EPS, Q2 2019 earnings at ($0.29) EPS, Q3 2019 earnings at ($0.25) EPS, Q4 2019 earnings at ($0.19) EPS and FY2019 earnings at ($1.05) EPS.

A number of other research firms have also weighed in on PRO. Needham & Company LLC upgraded shares of PROS from a “buy” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Monday, December 11th. ValuEngine lowered shares of PROS from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research lowered shares of PROS from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $31.00.

Shares of PROS (PRO) opened at $31.83 on Monday. The company has a debt-to-equity ratio of -5.94, a quick ratio of 2.08 and a current ratio of 2.08. PROS has a one year low of $21.36 and a one year high of $33.20. The firm has a market cap of $1,020.00, a P/E ratio of -12.94 and a beta of 1.42.

PROS (NYSE:PRO) last released its earnings results on Tuesday, February 6th. The software maker reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.05. The firm had revenue of $46.34 million for the quarter, compared to analysts’ expectations of $44.68 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis.

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in shares of PROS by 3.3% during the second quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock worth $172,000 after buying an additional 199 shares during the period. Teacher Retirement System of Texas acquired a new position in PROS in the fourth quarter valued at approximately $250,000. GSA Capital Partners LLP acquired a new position in PROS in the third quarter valued at approximately $303,000. UBS Asset Management Americas Inc. acquired a new position in PROS in the second quarter valued at approximately $359,000. Finally, Comerica Bank acquired a new position in PROS in the third quarter valued at approximately $360,000. Hedge funds and other institutional investors own 93.82% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “DA Davidson Weighs in on PROS Holdings, Inc.’s Q2 2018 Earnings (PRO)” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/12/da-davidson-weighs-in-on-pros-holdings-inc-s-q2-2018-earnings-pro.html.

About PROS

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.

Earnings History and Estimates for PROS (NYSE:PRO)

Receive News & Ratings for PROS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROS and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply