Analysts predict that PROS Holdings, Inc. (NYSE:PRO) will post earnings of ($0.20) per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for PROS’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.23). PROS posted earnings per share of ($0.22) during the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The company is expected to announce its next earnings results after the market closes on Thursday, October 25th.
On average, analysts expect that PROS will report full year earnings of ($0.74) per share for the current fiscal year, with EPS estimates ranging from ($0.77) to ($0.72). For the next financial year, analysts anticipate that the firm will post earnings of ($0.53) per share, with EPS estimates ranging from ($0.65) to ($0.41). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for PROS.
PROS (NYSE:PRO) last released its earnings results on Thursday, July 26th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.04. The company had revenue of $47.40 million during the quarter, compared to analyst estimates of $46.30 million. PROS’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.22) EPS.
A number of research firms recently issued reports on PRO. JPMorgan Chase & Co. lifted their target price on PROS from $38.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Zacks Investment Research downgraded PROS from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Northland Securities reaffirmed a “buy” rating and issued a $45.00 target price on shares of PROS in a research report on Friday, July 27th. ValuEngine raised PROS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 4th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $45.00 target price on shares of PROS in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. PROS has an average rating of “Buy” and a consensus target price of $39.63.
Shares of NYSE:PRO traded down $0.36 during midday trading on Friday, reaching $30.98. The company had a trading volume of 229,100 shares, compared to its average volume of 244,926. The company has a debt-to-equity ratio of -3.19, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $1.08 billion, a P/E ratio of -20.57 and a beta of 1.25. PROS has a 1-year low of $21.36 and a 1-year high of $41.10.
In related news, CEO Andres Reiner sold 10,000 shares of PROS stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $32.21, for a total value of $322,100.00. Following the sale, the chief executive officer now owns 435,399 shares of the company’s stock, valued at $14,024,201.79. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 30,000 shares of company stock worth $1,088,600. 15.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in PRO. Fred Alger Management Inc. increased its position in PROS by 96.7% during the second quarter. Fred Alger Management Inc. now owns 469,431 shares of the software maker’s stock worth $17,167,000 after buying an additional 230,754 shares during the last quarter. Millennium Management LLC acquired a new position in PROS during the first quarter worth approximately $6,279,000. Kornitzer Capital Management Inc. KS increased its position in PROS by 94.3% during the second quarter. Kornitzer Capital Management Inc. KS now owns 295,590 shares of the software maker’s stock worth $10,810,000 after buying an additional 143,460 shares during the last quarter. BlackRock Inc. increased its position in PROS by 7.9% during the second quarter. BlackRock Inc. now owns 1,855,897 shares of the software maker’s stock worth $67,873,000 after buying an additional 135,464 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in PROS by 6.5% during the second quarter. Conestoga Capital Advisors LLC now owns 1,990,571 shares of the software maker’s stock worth $72,795,000 after buying an additional 121,845 shares during the last quarter.
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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