$63.39 Million in Sales Expected for PROS Holdings, Inc. (NYSE:PRO) This Quarter

Brokerages expect PROS Holdings, Inc. (NYSE:PRO) to report sales of $63.39 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for PROS’s earnings. The lowest sales estimate is $62.54 million and the highest is $64.30 million. PROS posted sales of $49.08 million during the same quarter last year, which would indicate a positive year over year growth rate of 29.2%. The business is scheduled to issue its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that PROS will report full-year sales of $247.88 million for the current financial year, with estimates ranging from $247.41 million to $248.60 million. For the next year, analysts anticipate that the firm will report sales of $290.49 million, with estimates ranging from $286.49 million to $297.47 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for PROS.

PROS (NYSE:PRO) last released its earnings results on Thursday, July 25th. The software maker reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. PROS had a negative return on equity of 57.99% and a negative net margin of 28.41%. The firm had revenue of $63.88 million during the quarter, compared to the consensus estimate of $61.41 million. During the same period in the prior year, the company posted ($0.16) EPS. The company’s revenue was up 34.8% compared to the same quarter last year.



Several analysts recently weighed in on the company. Zacks Investment Research upgraded PROS from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, August 1st. Bank of America assumed coverage on PROS in a research report on Monday, June 17th. They issued a “buy” rating and a $75.00 target price for the company. Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and increased their target price for the company from $36.00 to $60.00 in a research report on Friday, April 26th. KeyCorp increased their target price on PROS from $58.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Nomura increased their target price on PROS from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. PROS presently has an average rating of “Buy” and an average target price of $71.27.

Shares of PRO stock traded up $2.05 on Friday, hitting $72.42. 227,900 shares of the company’s stock were exchanged, compared to its average volume of 398,811. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.21 and a quick ratio of 2.21. PROS has a 12 month low of $28.18 and a 12 month high of $75.39. The stock has a market cap of $2.93 billion, a P/E ratio of -66.44 and a beta of 1.13. The company has a 50 day moving average of $68.69 and a 200 day moving average of $52.90.

In related news, Director Timothy V. Williams sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $73.05, for a total transaction of $73,050.00. Following the completion of the transaction, the director now directly owns 107,373 shares in the company, valued at $7,843,597.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald F. Woestemeyer sold 750,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $72.15, for a total transaction of $54,112,500.00. The disclosure for this sale can be found here. Insiders have sold 781,973 shares of company stock valued at $56,423,109 over the last 90 days. 13.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC bought a new stake in shares of PROS during the 2nd quarter valued at $10,151,000. Nuveen Asset Management LLC purchased a new stake in shares of PROS in the 2nd quarter worth approximately $15,696,000. UBS Asset Management Americas Inc. grew its stake in shares of PROS by 24.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 32,785 shares of the software maker’s stock worth $2,074,000 after buying an additional 6,388 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in PROS by 431.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 27,846 shares of the software maker’s stock valued at $1,762,000 after acquiring an additional 22,607 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in PROS by 15.6% in the 2nd quarter. Bank of America Corp DE now owns 286,979 shares of the software maker’s stock valued at $18,154,000 after acquiring an additional 38,768 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

About PROS

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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Earnings History and Estimates for PROS (NYSE:PRO)

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