Analysts expect that PROS Holdings, Inc. (NYSE:PRO) will post ($0.13) earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have provided estimates for PROS’s earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.12). PROS also posted earnings of ($0.13) per share in the same quarter last year. The business is expected to report its next earnings report on Tuesday, February 5th.
On average, analysts expect that PROS will report full-year earnings of ($0.60) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.59). For the next financial year, analysts forecast that the business will post earnings of ($0.44) per share, with EPS estimates ranging from ($0.52) to ($0.28). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover PROS.
PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, October 25th. The software maker reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.06. The firm had revenue of $49.08 million for the quarter, compared to analysts’ expectations of $47.94 million.
Several research firms have issued reports on PRO. Zacks Investment Research upgraded shares of PROS from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research note on Friday, November 2nd. Nomura lowered their price objective on shares of PROS from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Royal Bank of Canada assumed coverage on shares of PROS in a research note on Tuesday, October 16th. They issued an “outperform” rating and a $38.00 price objective on the stock. Needham & Company LLC increased their price objective on shares of PROS to $46.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 27th. Finally, KeyCorp reiterated a “buy” rating and issued a $45.00 price objective on shares of PROS in a research note on Friday, July 27th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $41.50.
In other PROS news, CEO Andres Reiner sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $32.21, for a total transaction of $322,100.00. Following the sale, the chief executive officer now owns 435,399 shares in the company, valued at approximately $14,024,201.79. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have 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 added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY raised its stake in PROS by 18.2% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 9,038 shares of the software maker’s stock worth $331,000 after acquiring an additional 1,392 shares during the period. Engineers Gate Manager LP raised its stake in PROS by 6.3% during the 3rd quarter. Engineers Gate Manager LP now owns 26,644 shares of the software maker’s stock worth $933,000 after acquiring an additional 1,582 shares during the period. MetLife Investment Advisors LLC raised its stake in PROS by 19.2% during the 2nd quarter. MetLife Investment Advisors LLC now owns 12,910 shares of the software maker’s stock worth $472,000 after acquiring an additional 2,078 shares during the period. Rhumbline Advisers grew its holdings in PROS by 8.9% during the 2nd quarter. Rhumbline Advisers now owns 26,847 shares of the software maker’s stock valued at $982,000 after buying an additional 2,187 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in PROS by 0.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 875,426 shares of the software maker’s stock valued at $30,657,000 after buying an additional 2,345 shares in the last quarter. Institutional investors own 89.54% of the company’s stock.
Shares of PRO stock opened at $31.68 on Monday. PROS has a one year low of $23.54 and a one year high of $41.10. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 3.53.
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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