Analysts Expect Pegasystems Inc. (NASDAQ:PEGA) Will Post Quarterly Sales of $224.57 Million

Equities research analysts expect Pegasystems Inc. (NASDAQ:PEGA) to report sales of $224.57 million for the current quarter, according to Zacks. Two analysts have issued estimates for Pegasystems’ earnings, with estimates ranging from $215.50 million to $233.65 million. Pegasystems reported sales of $203.26 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.5%. The company is expected to issue its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Pegasystems will report full-year sales of $932.92 million for the current year, with estimates ranging from $921.30 million to $944.55 million. For the next fiscal year, analysts expect that the firm will post sales of $1.06 billion, with estimates ranging from $1.05 billion to $1.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Pegasystems.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.17). Pegasystems had a negative net margin of 5.95% and a negative return on equity of 9.39%. The company had revenue of $205.60 million during the quarter, compared to the consensus estimate of $203.16 million. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year.

A number of equities analysts have commented on PEGA shares. Wedbush boosted their price objective on Pegasystems from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. TheStreet downgraded Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Benchmark restated a “buy” rating and issued a $80.00 price target (up from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. JMP Securities raised their price target on Pegasystems from $72.00 to $81.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 8th. Finally, BidaskClub downgraded Pegasystems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $80.20.

NASDAQ:PEGA traded down $1.29 during trading hours on Thursday, reaching $71.35. The company had a trading volume of 362,161 shares, compared to its average volume of 323,709. The business has a 50-day simple moving average of $74.38. Pegasystems has a one year low of $43.21 and a one year high of $79.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.86.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a $0.03 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.17%.

In related news, Director Richard H. Jones sold 1,700 shares of Pegasystems stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $71.59, for a total transaction of $121,703.00. Following the completion of the sale, the director now directly owns 298,107 shares of the company’s stock, valued at approximately $21,341,480.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James P. Ohalloran sold 6,209 shares of Pegasystems stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $72.13, for a total value of $447,855.17. Following the sale, the director now directly owns 114,343 shares of the company’s stock, valued at $8,247,560.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,755 shares of company stock valued at $2,680,969. Insiders own 52.37% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in PEGA. Quantamental Technologies LLC lifted its holdings in Pegasystems by 542.2% during the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after purchasing an additional 347 shares during the last quarter. Cutler Group LP acquired a new stake in Pegasystems during the 2nd quarter worth approximately $43,000. Steward Partners Investment Advisory LLC acquired a new stake in Pegasystems during the 2nd quarter worth approximately $53,000. Parkside Financial Bank & Trust lifted its holdings in Pegasystems by 1,102.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,094 shares of the technology company’s stock worth $78,000 after purchasing an additional 1,003 shares during the last quarter. Finally, Carroll Financial Associates Inc. acquired a new stake in Pegasystems during the 2nd quarter worth approximately $108,000. 46.77% of the stock is owned by institutional investors and hedge funds.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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Earnings History and Estimates for Pegasystems (NASDAQ:PEGA)

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