$50.59 Million in Sales Expected for PROS Holdings, Inc. (PRO) This Quarter

Equities analysts expect PROS Holdings, Inc. (NYSE:PRO) to report sales of $50.59 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for PROS’s earnings. The highest sales estimate is $50.79 million and the lowest is $50.44 million. PROS posted sales of $46.34 million in the same quarter last year, which suggests a positive year over year growth rate of 9.2%. The business is expected to issue its next quarterly earnings report on Tuesday, February 5th.

According to Zacks, analysts expect that PROS will report full-year sales of $194.99 million for the current fiscal year, with estimates ranging from $194.85 million to $195.20 million. For the next year, analysts expect that the firm will post sales of $226.68 million, with estimates ranging from $225.56 million to $227.50 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow PROS.

PROS (NYSE:PRO) last issued its quarterly earnings results on Thursday, October 25th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.06. The business had revenue of $49.08 million during the quarter, compared to analyst estimates of $47.94 million.

Several brokerages have recently issued reports on PRO. Needham & Company LLC raised their price target on PROS to $46.00 and gave the company a “strong-buy” rating in a research report on Friday, July 27th. KeyCorp reaffirmed a “buy” rating and issued a $45.00 price target on shares of PROS in a research report on Friday, July 27th. Northland Securities reaffirmed a “buy” rating and issued a $45.00 price target on shares of PROS in a research report on Friday, July 27th. JPMorgan Chase & Co. raised their price target on PROS from $38.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Finally, Nomura lowered their price target on PROS from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $41.50.

Shares of NYSE:PRO opened at $31.68 on Wednesday. PROS has a 52-week low of $23.54 and a 52-week high of $41.10. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 3.53.

In related news, CEO Andres Reiner sold 10,000 shares of the stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $32.21, for a total value of $322,100.00. Following the completion of the sale, the chief executive officer now owns 435,399 shares in the company, valued at $14,024,201.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 30,000 shares of company stock valued at $1,088,600. 15.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in PROS during the third quarter worth about $200,000. Teacher Retirement System of Texas bought a new position in PROS during the second quarter worth about $203,000. Xact Kapitalforvaltning AB bought a new position in PROS during the second quarter worth about $205,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in PROS during the third quarter worth about $206,000. Finally, Trexquant Investment LP bought a new position in PROS during the third quarter worth about $251,000. Institutional investors and hedge funds own 89.54% of the company’s stock.

PROS Company Profile

PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. 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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Earnings History and Estimates for PROS (NYSE:PRO)

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