Equities analysts expect EPAM Systems, Inc. (NYSE:EPAM) to post $0.62 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for EPAM Systems’ earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.59. EPAM Systems reported earnings of $0.47 per share during the same quarter last year, which suggests a positive year over year growth rate of 31.9%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, August 3rd.
On average, analysts expect that EPAM Systems will report full-year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.55 to $2.59. For the next fiscal year, analysts forecast that the firm will post earnings of $3.12 per share, with EPS estimates ranging from $3.10 to $3.14. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow EPAM Systems.
EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, May 4th. The information technology services provider reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.22. The company had revenue of $324.65 million for the quarter, compared to analyst estimates of $316.64 million. EPAM Systems had a return on equity of 11.70% and a net margin of 8.11%. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share.
Several equities analysts recently issued reports on the company. Monness Crespi & Hardt raised their price target on EPAM Systems from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Wedbush lifted their price objective on EPAM Systems from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Barclays PLC lifted their price objective on EPAM Systems from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, May 15th. Zacks Investment Research lowered EPAM Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $78.00 price objective on shares of EPAM Systems in a research report on Thursday, May 4th. Eight analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $86.25.
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EPAM Systems (NYSE EPAM) traded up 0.79% during trading on Tuesday, hitting $87.26. The company had a trading volume of 166,085 shares. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 46.91 and a beta of 0.99. The company’s 50 day moving average price is $83.69 and its 200-day moving average price is $75.88. EPAM Systems has a 1-year low of $54.53 and a 1-year high of $87.79.
In other EPAM Systems news, SVP Balazs Fejes sold 34,234 shares of EPAM Systems stock in a transaction on Monday, June 5th. The stock was sold at an average price of $84.76, for a total transaction of $2,901,673.84. Following the completion of the transaction, the senior vice president now owns 48,467 shares in the company, valued at $4,108,062.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ginger Mosier sold 26,055 shares of EPAM Systems stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $85.65, for a total value of $2,231,610.75. Following the transaction, the senior vice president now owns 12,733 shares of the company’s stock, valued at approximately $1,090,581.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,164 shares of company stock valued at $6,935,396. 6.17% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its position in shares of EPAM Systems by 1,101.2% in the first quarter. Creative Planning now owns 2,018 shares of the information technology services provider’s stock worth $152,000 after buying an additional 1,850 shares during the last quarter. US Bancorp DE boosted its position in shares of EPAM Systems by 1,762.5% in the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after buying an additional 1,974 shares during the last quarter. Westpac Banking Corp bought a new position in shares of EPAM Systems during the first quarter worth about $197,000. Candriam Luxembourg S.C.A. bought a new position in shares of EPAM Systems during the first quarter worth about $204,000. Finally, Atria Investments LLC bought a new position in shares of EPAM Systems during the second quarter worth about $206,000. Institutional investors and hedge funds own 97.72% of the company’s stock.
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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