EPAM Systems Inc (EPAM) Expected to Announce Quarterly Sales of $549.63 Million

Wall Street analysts forecast that EPAM Systems Inc (NYSE:EPAM) will announce $549.63 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for EPAM Systems’ earnings. The highest sales estimate is $550.37 million and the lowest is $549.04 million. EPAM Systems posted sales of $445.65 million during the same quarter last year, which suggests a positive year-over-year growth rate of 23.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 1st.

On average, analysts expect that EPAM Systems will report full-year sales of $2.26 billion for the current fiscal year, with estimates ranging from $2.25 billion to $2.26 billion. For the next financial year, analysts anticipate that the company will report sales of $2.74 billion, with estimates ranging from $2.72 billion to $2.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for EPAM Systems.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, May 9th. The information technology services provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.33. The business had revenue of $521.30 million for the quarter, compared to the consensus estimate of $519.11 million. EPAM Systems had a net margin of 12.19% and a return on equity of 19.56%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share.

EPAM has been the topic of a number of research analyst reports. VTB Capital downgraded shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. SunTrust Banks boosted 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. JPMorgan Chase & Co. boosted 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. KeyCorp boosted 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, Zacks Investment Research downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. EPAM Systems currently has a consensus rating of “Buy” and a consensus target price of $160.00.

Shares of EPAM opened at $170.15 on Friday. EPAM Systems has a 52 week low of $104.77 and a 52 week high of $180.55. The company has a market cap of $9.26 billion, a P/E ratio of 43.52, a P/E/G ratio of 2.04 and a beta of 1.63. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.11.

In other news, CFO Jason D. Peterson sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $170.25, for a total value of $170,250.00. Following the completion of the sale, the chief financial officer now directly owns 13,039 shares in the company, valued at $2,219,889.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Arkadiy Dobkin sold 15,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.13, for a total transaction of $2,491,950.00. Following the completion of the sale, the chief executive officer now owns 1,713,490 shares of the company’s stock, valued at $284,662,093.70. The disclosure for this sale can be found here. Insiders sold 58,000 shares of company stock valued at $9,597,730 over the last quarter. Corporate insiders own 5.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. NumerixS Investment Technologies Inc acquired a new position in EPAM Systems during the 1st quarter valued at $34,000. Penserra Capital Management LLC acquired a new position in EPAM Systems during the 1st quarter valued at $37,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in EPAM Systems during the 1st quarter valued at $85,000. Cresset Asset Management LLC acquired a new position in EPAM Systems during the 1st quarter valued at $111,000. Finally, Meeder Asset Management Inc. raised its stake in EPAM Systems by 1,227.5% during the 1st quarter. Meeder Asset Management Inc. now owns 677 shares of the information technology services provider’s stock valued at $115,000 after purchasing an additional 626 shares during the last quarter. Institutional investors and hedge funds own 93.04% of the company’s stock.

About EPAM Systems

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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