EPAM Systems (EPAM) Scheduled to Post Quarterly Earnings on Thursday

EPAM Systems (NYSE:EPAM) will be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect EPAM Systems to post earnings of $2.32 per share for the quarter. EPAM Systems has set its Q1 guidance at $2.26-2.34 EPS and its FY24 guidance at $10.00-10.40 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.24. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. EPAM Systems’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.71 earnings per share. On average, analysts expect EPAM Systems to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

EPAM Systems Stock Performance

Shares of EPAM opened at $249.72 on Wednesday. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $14.48 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 10.58 and a beta of 1.46. The firm’s fifty day simple moving average is $272.17 and its two-hundred day simple moving average is $273.96. EPAM Systems has a 12 month low of $197.99 and a 12 month high of $317.50.

Insider Buying and Selling

In related news, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the sale, the senior vice president now owns 12,770 shares in the company, valued at approximately $3,857,050.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the sale, the senior vice president now owns 12,117 shares in the company, valued at approximately $3,707,802. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the completion of the sale, the senior vice president now owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. Insiders have sold 16,820 shares of company stock worth $5,101,117 in the last quarter. Insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on EPAM shares. HSBC cut their price target on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of EPAM Systems from $331.00 to $311.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Susquehanna increased their price objective on shares of EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a research report on Friday, February 16th. Jefferies Financial Group reissued a “hold” rating and set a $295.00 price objective on shares of EPAM Systems in a research report on Thursday, January 11th. Finally, Wedbush reissued an “outperform” rating and set a $340.00 price objective on shares of EPAM Systems in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $315.60.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. 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, performance tuning, deployment, maintenance, and support services.