Analysts forecast that EPAM Systems Inc (NYSE:EPAM) will report $580.03 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for EPAM Systems’ earnings. The highest sales estimate is $580.55 million and the lowest is $578.90 million. EPAM Systems posted sales of $468.19 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.9%. The firm is scheduled to issue its next earnings report on Thursday, November 7th.
According to Zacks, analysts expect that EPAM Systems will report full-year sales of $2.27 billion for the current fiscal year, with estimates ranging from $2.25 billion to $2.28 billion. For the next financial year, analysts expect that the company will post sales of $2.77 billion, with estimates ranging from $2.75 billion to $2.80 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow EPAM Systems.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.08. EPAM Systems had a net margin of 11.98% and a return on equity of 18.90%. The firm had revenue of $551.60 million during the quarter, compared to analysts’ expectations of $549.84 million. During the same period in the previous year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year.
EPAM stock traded down $5.25 during midday trading on Tuesday, reaching $178.92. 335,627 shares of the company were exchanged, compared to its average volume of 394,133. The business has a 50-day moving average price of $190.19 and a two-hundred day moving average price of $177.22. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 45.76, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43. EPAM Systems has a one year low of $104.77 and a one year high of $201.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.72 and a quick ratio of 4.72.
In other EPAM Systems news, CMO Elaina Shekhter sold 2,800 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $195.00, for a total transaction of $546,000.00. Following the completion of the transaction, the chief marketing officer now owns 10,459 shares of the company’s stock, valued at $2,039,505. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason D. Peterson sold 3,469 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $186.92, for a total value of $648,425.48. Following the transaction, the chief financial officer now directly owns 15,473 shares of the company’s stock, valued at approximately $2,892,213.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,346 shares of company stock valued at $13,570,832. 5.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Shamrock Asset Management LLC acquired a new position in EPAM Systems during the second quarter worth about $31,000. Steward Partners Investment Advisory LLC acquired a new position in EPAM Systems during the second quarter worth about $31,000. Flagship Harbor Advisors LLC raised its stake in EPAM Systems by 337.0% during the second quarter. Flagship Harbor Advisors LLC now owns 201 shares of the information technology services provider’s stock worth $34,000 after acquiring an additional 155 shares in the last quarter. Penserra Capital Management LLC acquired a new position in EPAM Systems during the first quarter worth about $37,000. Finally, Captrust Financial Advisors raised its stake in EPAM Systems by 49.0% during the second quarter. Captrust Financial Advisors now owns 228 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 75 shares in the last quarter. 93.49% of the stock is owned by hedge funds and other institutional investors.
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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