EPAM Systems (EPAM) Releases FY 2019 Earnings Guidance

EPAM Systems (NYSE:EPAM) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.19 for the period, compared to the Thomson Reuters consensus estimate of $5.10. The company issued revenue guidance of $2.248 billion, compared to the consensus revenue estimate of $2.25 billion.EPAM Systems also updated its FY19 guidance to at least $5.19 EPS.

A number of analysts recently issued reports on the stock. Wedbush reissued an outperform rating and set a $180.00 target price (up previously from $158.00) on shares of EPAM Systems in a research report on Wednesday. Zacks Investment Research downgraded shares of EPAM Systems from a buy rating to a hold rating in a research report on Monday, January 21st. SunTrust Banks increased their price objective on shares of EPAM Systems to $165.00 and gave the company a buy rating in a research report on Monday, February 11th. KeyCorp increased their price objective on shares of EPAM Systems from $144.00 to $164.00 and gave the company an overweight rating in a research report on Monday, February 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of EPAM Systems to $167.00 and gave the company an overweight rating in a research report on Friday, February 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $156.73.

NYSE:EPAM traded down $0.79 during trading hours on Friday, hitting $169.00. The stock had a trading volume of 8,530 shares, compared to its average volume of 332,145. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.02. EPAM Systems has a 1-year low of $104.77 and a 1-year high of $180.55. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 43.23, a price-to-earnings-growth ratio of 2.20 and a beta of 1.63.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.33. EPAM Systems had a net margin of 13.04% and a return on equity of 19.23%. The company had revenue of $521.30 million during the quarter, compared to the consensus estimate of $519.11 million. During the same quarter last year, the company earned $0.93 earnings per share. EPAM Systems’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, equities analysts anticipate that EPAM Systems will post 4.18 earnings per share for the current year.

In other news, Director Ronald P. Vargo sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $159.64, for a total transaction of $319,280.00. Following the completion of the sale, the director now owns 10,276 shares of the company’s stock, valued at $1,640,460.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Boris Shnayder sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $159.90, for a total transaction of $2,398,500.00. Following the sale, the senior vice president now directly owns 37,508 shares of the company’s stock, valued at approximately $5,997,529.20. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.

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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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