Analysts predict that EPAM Systems Inc (NYSE:EPAM) will report earnings of $1.45 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for EPAM Systems’ earnings. The highest EPS estimate is $1.47 and the lowest is $1.43. EPAM Systems reported earnings per share of $1.27 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.2%. The company is expected to issue its next earnings report before the market opens on Thursday, February 20th.
On average, analysts expect that EPAM Systems will report full-year earnings of $5.36 per share for the current financial year, with EPS estimates ranging from $5.34 to $5.39. For the next financial year, analysts anticipate that the firm will report earnings of $6.48 per share, with EPS estimates ranging from $6.28 to $6.93. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow EPAM Systems.
A number of research firms have issued reports on EPAM. Wolfe Research downgraded EPAM Systems from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 6th. Cowen reissued an “outperform” rating and issued a $225.00 target price (up from $215.00) on shares of EPAM Systems in a research report on Friday, November 22nd. KeyCorp raised their target price on EPAM Systems from $213.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Citigroup raised their target price on EPAM Systems from $230.00 to $263.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Cantor Fitzgerald raised their target price on EPAM Systems from $212.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. EPAM Systems has a consensus rating of “Buy” and a consensus price target of $225.30.
In related news, Director Ronald P. Vargo sold 2,000 shares of EPAM Systems stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $204.92, for a total transaction of $409,840.00. Also, CMO Elaina Shekhter sold 4,000 shares of EPAM Systems stock in a transaction on Monday, November 18th. The shares were sold at an average price of $207.04, for a total value of $828,160.00. Following the sale, the chief marketing officer now directly owns 11,659 shares of the company’s stock, valued at approximately $2,413,879.36. The disclosure for this sale can be found here. Insiders sold 39,180 shares of company stock valued at $8,080,122 over the last three months. Company insiders own 5.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in EPAM Systems by 24.4% during the second quarter. BlackRock Inc. now owns 2,857,844 shares of the information technology services provider’s stock valued at $494,692,000 after buying an additional 560,378 shares during the period. Pictet Asset Management Ltd. lifted its stake in EPAM Systems by 2.6% during the third quarter. Pictet Asset Management Ltd. now owns 19,600 shares of the information technology services provider’s stock worth $3,573,000 after purchasing an additional 500 shares during the last quarter. State Street Corp lifted its stake in EPAM Systems by 0.6% during the third quarter. State Street Corp now owns 1,084,205 shares of the information technology services provider’s stock worth $197,672,000 after purchasing an additional 5,958 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in EPAM Systems by 19.7% during the third quarter. Parametric Portfolio Associates LLC now owns 76,388 shares of the information technology services provider’s stock worth $13,927,000 after purchasing an additional 12,548 shares during the last quarter. Finally, Colony Group LLC bought a new stake in EPAM Systems during the third quarter worth about $2,144,000. 90.28% of the stock is owned by institutional investors.
EPAM Systems stock traded up $3.80 during mid-day trading on Friday, reaching $236.75. 243,190 shares of the company’s stock were exchanged, compared to its average volume of 242,939. The business’s fifty day simple moving average is $226.70 and its 200 day simple moving average is $201.19. The firm has a market capitalization of $12.81 billion, a PE ratio of 55.19, a P/E/G ratio of 2.18 and a beta of 1.49. EPAM Systems has a one year low of $150.97 and a one year high of $242.09. The company has a quick ratio of 4.38, a current ratio of 4.38 and a debt-to-equity ratio of 0.12.
EPAM Systems Company Profile
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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