Pegasystems Inc. (NASDAQ:PEGA) Expected to Post Earnings of $0.19 Per Share

Equities research analysts expect Pegasystems Inc. (NASDAQ:PEGAGet Rating) to announce earnings of $0.19 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Pegasystems’ earnings, with estimates ranging from $0.16 to $0.21. Pegasystems posted earnings per share of $0.23 in the same quarter last year, which suggests a negative year over year growth rate of 17.4%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Pegasystems will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.90 to $0.98. For the next year, analysts anticipate that the company will post earnings of $1.47 per share, with EPS estimates ranging from $1.36 to $1.58. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Pegasystems.

Pegasystems (NASDAQ:PEGAGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.52. Pegasystems had a negative return on equity of 10.05% and a negative net margin of 4.46%. The company had revenue of $376.30 million for the quarter, compared to analysts’ expectations of $363.95 million. During the same period in the previous year, the firm earned ($0.03) EPS. The firm’s revenue was up 20.0% compared to the same quarter last year.

Several analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Pegasystems in a report on Wednesday, May 4th. They set a “neutral” rating and a $86.00 price objective on the stock. JMP Securities cut Pegasystems from an “outperform” rating to a “market perform” rating in a report on Thursday, May 12th. Zacks Investment Research raised Pegasystems from a “hold” rating to a “strong-buy” rating and set a $87.00 price objective on the stock in a report on Friday, May 6th. Barclays decreased their price objective on Pegasystems from $110.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 19th. Finally, TheStreet cut Pegasystems from a “c-” rating to a “d+” rating in a report on Thursday, January 27th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $105.70.

NASDAQ PEGA traded down $1.99 during trading hours on Tuesday, reaching $46.54. The company’s stock had a trading volume of 303,384 shares, compared to its average volume of 567,939. The firm’s 50-day moving average price is $70.07 and its 200-day moving average price is $90.34. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.45. Pegasystems has a 1 year low of $36.50 and a 1 year high of $143.66. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of -64.64 and a beta of 1.11.

The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 1st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Thursday, March 31st. Pegasystems’s dividend payout ratio is currently -16.67%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEGA. Manchester Capital Management LLC bought a new position in Pegasystems in the 3rd quarter valued at $37,000. Ellevest Inc. grew its position in Pegasystems by 292.9% in the 4th quarter. Ellevest Inc. now owns 334 shares of the technology company’s stock valued at $37,000 after acquiring an additional 249 shares during the last quarter. First Horizon Advisors Inc. grew its position in Pegasystems by 1,294.1% in the 4th quarter. First Horizon Advisors Inc. now owns 474 shares of the technology company’s stock valued at $53,000 after acquiring an additional 440 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Pegasystems by 66.7% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 500 shares of the technology company’s stock valued at $40,000 after acquiring an additional 200 shares during the last quarter. Finally, Covestor Ltd bought a new position in Pegasystems in the 4th quarter valued at $59,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Pegasystems Company Profile (Get Rating)

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software applications in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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