EPAM Systems (NYSE:EPAM) Issues FY19 Earnings Guidance

EPAM Systems (NYSE:EPAM) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of at least $5.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.23. The company issued revenue guidance of at least 23% (~$2.27 billion), compared to the consensus revenue estimate of $2.26 billion.EPAM Systems also updated its FY 2019 guidance to $5.25 EPS.

Shares of EPAM Systems stock traded down $3.48 during midday trading on Friday, hitting $186.50. The company’s stock had a trading volume of 538,593 shares, compared to its average volume of 399,932. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 47.70, a P/E/G ratio of 2.26 and a beta of 1.38. The company’s 50-day simple moving average is $186.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.41 and a quick ratio of 4.41. EPAM Systems has a 1-year low of $104.77 and a 1-year high of $201.00.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, August 8th. The information technology services provider reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.08. The business had revenue of $551.60 million during the quarter, compared to analysts’ expectations of $549.84 million. EPAM Systems had a return on equity of 19.49% and a net margin of 11.98%. EPAM Systems’s revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share. On average, analysts forecast that EPAM Systems will post 4.3 EPS for the current year.

Several analysts have recently commented on EPAM shares. Cantor Fitzgerald raised their target price on EPAM Systems from $187.00 to $212.00 and gave the stock an overweight rating in a research report on Friday. Zacks Investment Research cut EPAM Systems from a buy rating to a hold rating and set a $198.00 target price for the company. in a research report on Wednesday, July 10th. Wedbush reaffirmed an outperform rating and issued a $180.00 target price (up previously from $158.00) on shares of EPAM Systems in a research report on Wednesday, May 8th. Finally, Cowen raised their target price on EPAM Systems from $180.00 to $210.00 and gave the stock a positive rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. EPAM Systems has an average rating of Buy and a consensus target price of $173.00.

In related news, Director Richard Michael Mayoras sold 3,372 shares of EPAM Systems stock in a transaction on Friday, June 14th. The stock was sold at an average price of $174.80, for a total transaction of $589,425.60. Following the completion of the sale, the director now owns 10,453 shares of the company’s stock, valued at $1,827,184.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Arkadiy Dobkin sold 125,000 shares of EPAM Systems stock in a transaction on Monday, June 10th. The shares were sold at an average price of $177.08, for a total value of $22,135,000.00. Following the sale, the chief executive officer now directly owns 1,593,490 shares of the company’s stock, valued at approximately $282,175,209.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 362,189 shares of company stock valued at $63,001,372. Insiders own 5.30% of the company’s stock.

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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Earnings History and Estimates for EPAM Systems (NYSE:EPAM)

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