Wall Street analysts expect that EPAM Systems Inc (NYSE:EPAM) will report $0.90 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for EPAM Systems’ earnings. The highest EPS estimate is $0.92 and the lowest is $0.88. EPAM Systems reported earnings of $0.72 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The business is scheduled to report its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that EPAM Systems will report full-year earnings of $4.05 per share for the current year, with EPS estimates ranging from $4.03 to $4.08. For the next fiscal year, analysts anticipate that the company will post earnings of $5.00 per share, with EPS estimates ranging from $4.83 to $5.38. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for EPAM Systems.
EPAM Systems (NYSE:EPAM) last announced its earnings results on Friday, February 16th. The information technology services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. The company had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $395.78 million. EPAM Systems had a net margin of 5.02% and a return on equity of 16.52%. EPAM Systems’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share.
EPAM has been the subject of a number of recent research reports. Zacks Investment Research cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen set a $115.00 target price on shares of EPAM Systems and gave the company a “buy” rating in a research report on Monday, December 11th. UBS Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and boosted their target price for the company from $105.00 to $110.00 in a research report on Wednesday, November 29th. Pivotal Research initiated coverage on shares of EPAM Systems in a research report on Tuesday, December 5th. They issued a “buy” rating and a $120.00 target price for the company. Finally, Needham & Company LLC boosted their target price on shares of EPAM Systems to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. EPAM Systems presently has a consensus rating of “Buy” and a consensus target price of $113.94.
Shares of EPAM Systems (EPAM) opened at $122.52 on Friday. The stock has a market cap of $6,300.07, a PE ratio of 93.53, a PEG ratio of 1.88 and a beta of 0.96. EPAM Systems has a 52-week low of $71.58 and a 52-week high of $123.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.31 and a quick ratio of 5.31.
In related news, Director Richard Michael Mayoras sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $114.72, for a total transaction of $286,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.17% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in EPAM Systems by 8.3% during the fourth quarter. BlackRock Inc. now owns 3,344,974 shares of the information technology services provider’s stock worth $359,349,000 after acquiring an additional 256,217 shares in the last quarter. JPMorgan Chase & Co. raised its stake in EPAM Systems by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 3,148,004 shares of the information technology services provider’s stock worth $268,840,000 after acquiring an additional 119,230 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in EPAM Systems by 1.5% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 625,624 shares of the information technology services provider’s stock worth $55,011,000 after acquiring an additional 8,999 shares in the last quarter. Geode Capital Management LLC raised its stake in EPAM Systems by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 407,598 shares of the information technology services provider’s stock worth $43,788,000 after acquiring an additional 25,157 shares in the last quarter. Finally, Martin Currie Ltd. raised its stake in EPAM Systems by 7.4% during the fourth quarter. Martin Currie Ltd. now owns 405,816 shares of the information technology services provider’s stock worth $43,597,000 after acquiring an additional 27,899 shares in the last quarter. 90.68% of the stock is owned by hedge funds and other 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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