Brokerages forecast that PROS Holdings, Inc. (NYSE:PRO) will announce sales of $53.91 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for PROS’s earnings. The highest sales estimate is $54.50 million and the lowest is $52.94 million. PROS posted sales of $47.91 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 25th.
On average, analysts expect that PROS will report full year sales of $226.68 million for the current year, with estimates ranging from $225.56 million to $227.50 million. For the next year, analysts forecast that the company will post sales of $261.60 million, with estimates ranging from $260.30 million to $262.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover PROS.
PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, February 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.19. The company had revenue of $52.60 million during the quarter, compared to the consensus estimate of $50.75 million. The company’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.13) earnings per share.
Shares of PROS stock traded up $0.71 on Friday, hitting $38.72. The company had a trading volume of 1,803 shares, compared to its average volume of 226,033. The company has a debt-to-equity ratio of 3.53, a current ratio of 2.63 and a quick ratio of 2.63. The stock has a market capitalization of $1.41 billion, a PE ratio of -35.58 and a beta of 1.05. PROS has a 52 week low of $28.18 and a 52 week high of $41.10.
In related news, EVP Thomas Dziersk sold 2,000 shares of PROS stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $31.71, for a total transaction of $63,420.00. Following the completion of the transaction, the executive vice president now directly owns 7,077 shares of the company’s stock, valued at approximately $224,411.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.40% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of PROS by 64.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,308 shares of the software maker’s stock worth $72,000 after buying an additional 908 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of PROS during the third quarter worth approximately $114,000. We Are One Seven LLC bought a new stake in shares of PROS during the fourth quarter worth approximately $123,000. Legal & General Group Plc raised its stake in shares of PROS by 13.1% during the third quarter. Legal & General Group Plc now owns 4,901 shares of the software maker’s stock worth $172,000 after buying an additional 567 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of PROS during the third quarter worth approximately $200,000. 99.26% of the stock is owned by institutional investors.
PROS Company Profile
PROS Holdings, Inc provides AI-powered solutions that optimize selling in the digital economy. Its solutions enable companies to price, configure, and sell products and services in an omnichannel environment with speed, precision, and consistency. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.
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