Brokerages forecast that EPAM Systems Inc (NYSE:EPAM) will post $395.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for EPAM Systems’ earnings, with estimates ranging from $393.80 million to $398.20 million. EPAM Systems posted sales of $313.53 million during the same quarter last year, which suggests a positive year over year growth rate of 26.2%. The company is expected to report its next earnings report on Thursday, February 15th.
On average, analysts expect that EPAM Systems will report full-year sales of $395.58 million for the current financial year. For the next fiscal year, analysts expect that the firm will report sales of $1.75 billion per share, with estimates ranging from $1.73 billion to $1.78 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for EPAM Systems.
EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. EPAM Systems had a return on equity of 15.70% and a net margin of 9.41%. The company had revenue of $377.50 million during the quarter, compared to analysts’ expectations of $368.22 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year.
In other EPAM Systems news, CEO Arkadiy Dobkin sold 19,600 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $103.21, for a total value of $2,022,916.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Elaina Shekhter sold 500 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total value of $45,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,654 shares of company stock valued at $26,552,885. Insiders own 6.17% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. raised its holdings in EPAM Systems by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,528 shares of the information technology services provider’s stock valued at $549,000 after acquiring an additional 17 shares in the last quarter. Renaissance Group LLC raised its holdings in EPAM Systems by 0.6% in the 2nd quarter. Renaissance Group LLC now owns 3,819 shares of the information technology services provider’s stock valued at $321,000 after acquiring an additional 21 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of EPAM Systems by 0.9% in the 2nd quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock valued at $366,000 after purchasing an additional 39 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of EPAM Systems by 1.1% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock valued at $557,000 after purchasing an additional 70 shares during the period. Finally, CS Mckee LP grew its stake in shares of EPAM Systems by 0.6% in the 2nd quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock valued at $1,501,000 after purchasing an additional 100 shares during the period. 91.08% of the stock is owned by hedge funds and other institutional investors.
Shares of EPAM Systems (NYSE:EPAM) opened at $106.70 on Monday. EPAM Systems has a 12-month low of $61.74 and a 12-month high of $107.91. The firm has a market capitalization of $5,635.15, a PE ratio of 42.17, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 5.56.
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About EPAM Systems
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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