Wall Street analysts expect EPAM Systems Inc (NYSE:EPAM) to report sales of $549.63 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for EPAM Systems’ earnings, with the highest sales estimate coming in at $550.37 million and the lowest estimate coming in at $549.04 million. EPAM Systems posted sales of $445.65 million in the same quarter last year, which would indicate a positive year over year growth rate of 23.3%. The firm is expected to announce its next quarterly earnings report on Thursday, August 1st.
According to Zacks, 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 year, analysts expect that the business will post sales of $2.74 billion, with estimates ranging from $2.72 billion to $2.76 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow EPAM Systems.
EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.33. The firm had revenue of $521.30 million for the quarter, compared to analysts’ expectations of $519.11 million. EPAM Systems had a net margin of 12.19% and a return on equity of 19.56%. The company’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Shares of EPAM stock traded up $2.87 on Thursday, hitting $190.98. 24,631 shares of the stock traded hands, compared to its average volume of 399,372. The company’s 50-day moving average price is $173.88. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $10.30 billion, a PE ratio of 48.62, a PEG ratio of 2.17 and a beta of 1.42. EPAM Systems has a twelve month low of $104.77 and a twelve month high of $191.31.
In other EPAM Systems news, CEO Arkadiy Dobkin sold 125,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $177.08, for a total transaction of $22,135,000.00. Following the sale, the chief executive officer now directly owns 1,593,490 shares in the company, valued at $282,175,209.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gary C. Abrahams sold 361 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $177.16, for a total transaction of $63,954.76. Following the sale, the vice president now owns 2,710 shares in the company, valued at $480,103.60. The disclosure for this sale can be found here. Insiders sold 362,189 shares of company stock worth $63,001,372 in the last ninety days. 5.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of EPAM. Campbell & CO Investment Adviser LLC purchased a new position in EPAM Systems in the second quarter valued at approximately $1,990,000. Gulf International Bank UK Ltd acquired a new stake in shares of EPAM Systems in the second quarter valued at approximately $2,388,000. WINTON GROUP Ltd boosted its holdings in shares of EPAM Systems by 175.2% in the second quarter. WINTON GROUP Ltd now owns 3,932 shares of the information technology services provider’s stock valued at $681,000 after acquiring an additional 2,503 shares during the period. Trexquant Investment LP boosted its holdings in shares of EPAM Systems by 114.4% in the first quarter. Trexquant Investment LP now owns 7,453 shares of the information technology services provider’s stock valued at $1,261,000 after acquiring an additional 3,977 shares during the period. Finally, Atika Capital Management LLC boosted its holdings in shares of EPAM Systems by 22.8% in the first quarter. Atika Capital Management LLC now owns 42,000 shares of the information technology services provider’s stock valued at $7,103,000 after acquiring an additional 7,800 shares during the period. Institutional investors own 90.80% 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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