Analysts expect EPAM Systems Inc (NYSE:EPAM) to post sales of $414.20 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for EPAM Systems’ earnings. The lowest sales estimate is $412.31 million and the highest is $415.37 million. EPAM Systems reported sales of $324.65 million during the same quarter last year, which would suggest a positive year over year growth rate of 27.6%. The firm is scheduled to announce 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 financial year, analysts forecast that the firm 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 cover EPAM Systems.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Friday, February 16th. The information technology services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. EPAM Systems had a return on equity of 16.52% and a net margin of 5.02%. The business had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $395.78 million. During the same quarter in the prior year, the business earned $0.77 earnings per share. The company’s quarterly revenue was up 27.4% compared to the same quarter last year.
Shares of EPAM Systems (EPAM) opened at $124.90 on Tuesday. EPAM Systems has a 52 week low of $71.58 and a 52 week high of $125.48. The company has a current ratio of 5.31, a quick ratio of 5.31 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $6,498.44, a P/E ratio of 44.23, a PEG ratio of 1.94 and a beta of 0.96.
In other EPAM Systems news, Director Richard Michael Mayoras sold 2,500 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.17% of the company’s stock.
A number of institutional investors have recently bought and sold shares of EPAM. Barings LLC acquired a new stake in EPAM Systems in the fourth quarter valued at $39,278,000. BlackRock Inc. grew its holdings in EPAM Systems by 8.3% in the fourth quarter. BlackRock Inc. now owns 3,344,974 shares of the information technology services provider’s stock valued at $359,349,000 after purchasing an additional 256,217 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in EPAM Systems by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 3,148,004 shares of the information technology services provider’s stock valued at $268,840,000 after purchasing an additional 119,230 shares during the last quarter. Sutton Square Management L.P. acquired a new stake in EPAM Systems in the fourth quarter valued at $11,354,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in EPAM Systems by 37.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 324,818 shares of the information technology services provider’s stock valued at $28,562,000 after purchasing an additional 89,239 shares during the last quarter. 91.61% of the stock is currently owned by institutional investors.
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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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