EPAM Systems (NYSE:EPAM) Issues Q3 2019 Earnings Guidance

EPAM Systems (NYSE:EPAM) updated its third quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $1.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.31. The company issued revenue guidance of $579 million, compared to the consensus revenue estimate of $571.69 million.EPAM Systems also updated its FY 2019 guidance to $5.25 EPS.

EPAM has been the topic of several recent research reports. Wedbush reiterated an outperform rating and set a $180.00 target price (up from $158.00) on shares of EPAM Systems in a report on Wednesday, May 8th. Cowen increased their target price on shares of EPAM Systems from $180.00 to $210.00 and gave the stock a positive rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Cantor Fitzgerald increased their target price on shares of EPAM Systems from $187.00 to $212.00 and gave the stock an overweight rating in a report on Friday. Finally, Zacks Investment Research cut shares of EPAM Systems from a buy rating to a hold rating and set a $198.00 target price on the stock. in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $173.00.

Shares of EPAM Systems stock opened at $186.50 on Friday. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.11. EPAM Systems has a 1 year low of $104.77 and a 1 year high of $201.00. The business’s 50-day simple moving average is $186.35. The company has a market cap of $10.38 billion, a PE ratio of 47.70, a price-to-earnings-growth ratio of 2.26 and a beta of 1.38.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, August 8th. The information technology services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.08. EPAM Systems had a net margin of 11.98% and a return on equity of 19.49%. The company had revenue of $551.60 million for the quarter, compared to analysts’ expectations of $549.84 million. During the same period in the prior year, the business earned $1.01 EPS. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. Research analysts predict that EPAM Systems will post 4.3 earnings per share for the current year.

In other news, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $170.25, for a total value of $170,250.00. Following the sale, the chief financial officer now directly owns 13,039 shares in the company, valued at approximately $2,219,889.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arkadiy Dobkin sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.13, for a total transaction of $2,491,950.00. Following the completion of the sale, the chief executive officer now owns 1,713,490 shares in the company, valued at $284,662,093.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 362,189 shares of company stock worth $63,001,372. 5.30% of the stock is owned by company insiders.

EPAM Systems Company Profile

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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Earnings History and Estimates for EPAM Systems (NYSE:EPAM)

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