EPAM Systems Inc (EPAM) Expected to Announce Earnings of $1.05 Per Share

Equities research analysts expect that EPAM Systems Inc (NYSE:EPAM) will post $1.05 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for EPAM Systems’ earnings, with estimates ranging from $1.03 to $1.07. EPAM Systems posted earnings per share of $0.96 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, November 1st.

On average, analysts expect that EPAM Systems will report full year earnings of $4.12 per share for the current fiscal year, with EPS estimates ranging from $4.09 to $4.14. For the next year, analysts expect that the firm will post earnings of $5.06 per share, with EPS estimates ranging from $4.94 to $5.23. Zacks’ earnings per share averages are an average based on a survey of research firms that follow EPAM Systems.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, August 2nd. The information technology services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. The company had revenue of $445.60 million for the quarter, compared to analysts’ expectations of $447.14 million. EPAM Systems had a net margin of 7.68% and a return on equity of 18.55%. The firm’s revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS.

A number of brokerages recently commented on EPAM. Zacks Investment Research upgraded shares of EPAM Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Wolfe Research began coverage on shares of EPAM Systems in a research report on Tuesday, July 17th. They issued an “outperform” rating on the stock. KeyCorp lifted their target price on shares of EPAM Systems from $143.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, July 30th. SunTrust Banks reiterated a “buy” rating and issued a $138.00 target price on shares of EPAM Systems in a research report on Friday, August 3rd. Finally, Bank of America cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $134.00 to $147.00 in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. EPAM Systems has a consensus rating of “Buy” and an average target price of $138.20.

Shares of NYSE:EPAM opened at $120.66 on Friday. The firm has a market capitalization of $6.49 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 1.93 and a beta of 1.15. EPAM Systems has a 52 week low of $89.70 and a 52 week high of $144.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.65 and a current ratio of 5.65.

In other EPAM Systems news, EVP Balazs Fejes sold 15,133 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $141.33, for a total value of $2,138,746.89. Following the sale, the executive vice president now owns 28,458 shares of the company’s stock, valued at approximately $4,021,969.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 20,000 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $142.98, for a total transaction of $2,859,600.00. Following the completion of the sale, the senior vice president now directly owns 29,258 shares in the company, valued at approximately $4,183,308.84. The disclosure for this sale can be found here. In the last three months, insiders sold 41,680 shares of company stock worth $5,876,795. Insiders own 5.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. TRUE Private Wealth Advisors bought a new stake in shares of EPAM Systems during the 3rd quarter valued at about $166,000. Capital One National Association bought a new stake in shares of EPAM Systems during the 2nd quarter valued at about $208,000. Oakbrook Investments LLC bought a new stake in shares of EPAM Systems during the 3rd quarter valued at about $213,000. World Asset Management Inc bought a new stake in shares of EPAM Systems during the 2nd quarter valued at about $221,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of EPAM Systems during the 2nd quarter valued at about $236,000. 90.10% of the stock is currently owned by hedge funds and other institutional investors.

About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

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