$0.36 EPS Expected for Proofpoint Inc (PFPT) This Quarter

Equities research analysts predict that Proofpoint Inc (NASDAQ:PFPT) will post earnings of $0.36 per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Proofpoint’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.37. Proofpoint posted earnings per share of $0.26 in the same quarter last year, which would suggest a positive year over year growth rate of 38.5%. The company is scheduled to announce its next earnings results on Thursday, July 25th.

On average, analysts expect that Proofpoint will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.49. For the next year, analysts expect that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.76 to $2.19. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Proofpoint.

Proofpoint (NASDAQ:PFPT) last announced its earnings results on Thursday, April 25th. The software maker reported ($0.33) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.33). Proofpoint had a negative return on equity of 13.93% and a negative net margin of 15.82%. The business had revenue of $202.90 million during the quarter, compared to analysts’ expectations of $199.32 million. During the same quarter last year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up 24.9% on a year-over-year basis.

PFPT has been the subject of a number of recent analyst reports. Monness Crespi & Hardt increased their price target on Proofpoint from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, February 1st. Mizuho began coverage on Proofpoint in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $120.00 price objective on the stock. Piper Jaffray Companies raised their price objective on Proofpoint from $120.00 to $136.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Wedbush reissued an “outperform” rating and issued a $138.00 price objective (up from $130.00) on shares of Proofpoint in a research note on Friday, April 26th. Finally, KeyCorp raised their target price on Proofpoint from $120.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $132.43.

PFPT stock traded down $3.02 during trading hours on Thursday, hitting $114.32. 7,563 shares of the stock traded hands, compared to its average volume of 531,950. Proofpoint has a one year low of $75.92 and a one year high of $131.43. The stock has a market capitalization of $6.53 billion, a P/E ratio of -99.43 and a beta of 1.79. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.07.

In related news, EVP Bhagwat Swaroop sold 13,176 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $119.61, for a total value of $1,575,981.36. Following the sale, the executive vice president now owns 13,451 shares of the company’s stock, valued at approximately $1,608,874.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dana L. Evan sold 3,051 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $113.85, for a total value of $347,356.35. Following the completion of the sale, the director now directly owns 8,783 shares in the company, valued at approximately $999,944.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 170,727 shares of company stock worth $20,630,323. 2.93% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. MML Investors Services LLC raised its position in Proofpoint by 0.9% in the 4th quarter. MML Investors Services LLC now owns 9,399 shares of the software maker’s stock valued at $788,000 after purchasing an additional 88 shares during the last quarter. Utah Retirement Systems raised its position in shares of Proofpoint by 1.6% during the first quarter. Utah Retirement Systems now owns 9,449 shares of the software maker’s stock worth $1,147,000 after acquiring an additional 149 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Proofpoint by 10.4% during the first quarter. Riverhead Capital Management LLC now owns 1,693 shares of the software maker’s stock worth $205,000 after acquiring an additional 160 shares during the last quarter. Brandywine Managers LLC raised its position in shares of Proofpoint by 8.3% during the fourth quarter. Brandywine Managers LLC now owns 2,600 shares of the software maker’s stock worth $218,000 after acquiring an additional 200 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in shares of Proofpoint by 4.7% during the fourth quarter. Alps Advisors Inc. now owns 4,744 shares of the software maker’s stock worth $398,000 after acquiring an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.

About Proofpoint

Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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