-$0.06 EPS Expected for Pegasystems Inc. (NASDAQ:PEGA) This Quarter

Equities analysts forecast that Pegasystems Inc. (NASDAQ:PEGA) will post ($0.06) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Pegasystems’ earnings. The lowest EPS estimate is ($0.08) and the highest is ($0.03). Pegasystems reported earnings of $0.04 per share in the same quarter last year, which suggests a negative year over year growth rate of 250%. The company is expected to issue its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that Pegasystems will report full-year earnings of ($0.04) per share for the current year, with EPS estimates ranging from ($0.11) to $0.03. For the next fiscal year, analysts expect that the business will report earnings of $0.42 per share, with EPS estimates ranging from $0.24 to $0.59. Zacks’ EPS calculations are a mean average based on a survey of research firms 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 (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.17). Pegasystems had a negative return on equity of 9.39% and a negative net margin of 5.95%. The business had revenue of $205.60 million during the quarter, compared to the consensus estimate of $203.16 million. The business’s quarterly revenue was up 4.5% compared to the same quarter last year.

Several equities research analysts have issued reports on PEGA shares. Zacks Investment Research upgraded Pegasystems from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 10th. JMP Securities increased their price target on Pegasystems from $72.00 to $81.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 8th. Benchmark restated a “buy” rating and issued a $80.00 price target (up from $72.00) on shares of Pegasystems in a report on Wednesday, May 8th. TheStreet downgraded Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, May 22nd. Finally, UBS Group increased their price target on Pegasystems to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.20.

Shares of Pegasystems stock traded up $0.86 during trading hours on Tuesday, hitting $71.55. The company’s stock had a trading volume of 208,991 shares, compared to its average volume of 351,400. Pegasystems has a 12 month low of $43.21 and a 12 month high of $79.67. The stock has a 50 day simple moving average of $74.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.72.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend 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 the stock in a transaction dated 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 transaction, the director now directly owns 298,107 shares in the company, valued at $21,341,480.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Efstathios A. Kouninis sold 1,365 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.50, for a total value of $100,327.50. Following the transaction, the vice president now owns 865 shares of the company’s stock, valued at $63,577.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,755 shares of company stock valued at $2,680,969. 52.37% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Quantamental Technologies LLC grew its holdings in shares of Pegasystems by 542.2% during the first quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after buying an additional 347 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Pegasystems during the second quarter worth about $32,000. Cutler Group LP bought a new position in shares of Pegasystems during the second quarter worth about $43,000. Steward Partners Investment Advisory LLC bought a new position in shares of Pegasystems during the second quarter worth about $53,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Pegasystems by 352.3% during the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the technology company’s stock worth $70,000 after buying an additional 761 shares in the last quarter. Institutional investors and hedge funds own 46.69% of the company’s stock.

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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