Analysts expect EPAM Systems Inc (NYSE:EPAM) to report sales of $414.20 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for EPAM Systems’ earnings. The highest sales estimate is $415.37 million and the lowest is $412.31 million. EPAM Systems reported sales of $324.65 million during the same quarter last year, which indicates a positive year-over-year growth rate of 27.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that EPAM Systems will report full year sales of $414.20 million for the current year, with estimates ranging from $1.80 billion to $1.82 billion. For the next fiscal year, analysts expect that the company will report sales of $2.19 billion per share, with estimates ranging from $2.18 billion to $2.23 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow EPAM Systems.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Friday, February 16th. The information technology services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $399.30 million for the quarter, compared to analysts’ expectations of $395.78 million. EPAM Systems had a net margin of 5.02% and a return on equity of 16.52%. The business’s revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS.
Shares of EPAM Systems (EPAM) opened at $124.90 on Tuesday. The company has a market cap of $6,498.44, a P/E ratio of 44.23, a PEG ratio of 1.94 and a beta of 0.96. EPAM Systems has a one year low of $71.58 and a one year high of $125.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.31 and a current ratio of 5.31.
In other EPAM Systems news, Director Richard Michael Mayoras sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $114.72, for a total value of $286,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.17% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Bank of Montreal Can lifted its holdings in EPAM Systems by 113.9% in the 4th quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock valued at $190,000 after purchasing an additional 944 shares in the last quarter. Wesbanco Bank Inc. purchased a new position in EPAM Systems in the 4th quarter valued at $204,000. Comerica Bank purchased a new position in EPAM Systems in the 4th quarter valued at $225,000. Two Sigma Investments LP purchased a new position in EPAM Systems in the 4th quarter valued at $215,000. Finally, OppenheimerFunds Inc. purchased a new position in EPAM Systems in the 4th quarter valued at $232,000. Institutional investors own 91.61% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/13/epam-systems-inc-epam-expected-to-announce-quarterly-sales-of-414-20-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EPAM Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPAM Systems and related companies with MarketBeat.com's FREE daily email newsletter.