EPAM Systems (NYSE:EPAM) Releases Q3 Earnings Guidance

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

Shares of NYSE:EPAM traded down $3.48 during trading on Friday, reaching $186.50. The stock had a trading volume of 538,593 shares, compared to its average volume of 399,932. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average of $186.35. The company has a market cap of $10.38 billion, a PE ratio of 47.70, a PEG ratio of 2.26 and a beta of 1.38. EPAM Systems has a 1-year low of $104.77 and a 1-year high of $201.00.

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

A number of equities analysts recently commented on EPAM shares. Cowen lifted their price objective on EPAM Systems from $180.00 to $210.00 and gave the stock a positive rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Cantor Fitzgerald lifted their price objective on EPAM Systems from $187.00 to $212.00 and gave the stock an overweight rating in a research report on Friday. Zacks Investment Research downgraded EPAM Systems from a buy rating to a hold rating and set a $198.00 price objective on the stock. in a research report on Wednesday, July 10th. Finally, Wedbush reiterated an outperform rating and set a $180.00 price objective (up previously from $158.00) on shares of EPAM Systems in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $173.00.

In related news, CEO Arkadiy Dobkin sold 15,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.13, for a total transaction of $2,491,950.00. Following the completion of the transaction, the chief executive officer now directly owns 1,713,490 shares of the company’s stock, valued at approximately $284,662,093.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gary C. Abrahams sold 361 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $177.16, for a total value of $63,954.76. Following the transaction, the vice president now directly owns 2,710 shares of the company’s stock, valued at $480,103.60. The disclosure for this sale can be found here. Insiders have sold a total of 362,189 shares of company stock valued at $63,001,372 over the last three months. 5.30% of the stock is currently owned by 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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