Equities research analysts forecast that EPAM Systems Inc (NYSE:EPAM) will post sales of $467.22 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for EPAM Systems’ earnings. The lowest sales estimate is $466.05 million and the highest is $468.13 million. EPAM Systems reported sales of $377.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 23.8%. The company is expected to report its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that EPAM Systems will report full-year sales of $1.83 billion for the current year, with estimates ranging from $1.83 billion to $1.84 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.23 billion per share, with estimates ranging from $2.20 billion to $2.24 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow EPAM Systems.
EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, August 2nd. The information technology services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.02. EPAM Systems had a return on equity of 18.55% and a net margin of 7.68%. The business had revenue of $445.60 million during the quarter, compared to the consensus estimate of $447.14 million. During the same quarter last year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 27.7% on a year-over-year basis.
In related news, SVP Viktar Dvorkin sold 20,000 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $142.98, for a total value of $2,859,600.00. Following the completion of the transaction, the senior vice president now owns 29,258 shares of the company’s stock, valued at $4,183,308.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Balazs Fejes sold 15,133 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 28,458 shares of the company’s stock, valued at approximately $4,021,969.14. The disclosure for this sale can be found here. Insiders have sold 41,680 shares of company stock valued at $5,876,795 in the last three months. Insiders own 5.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Keybank National Association OH raised its stake in EPAM Systems by 7.9% in the second quarter. Keybank National Association OH now owns 5,428 shares of the information technology services provider’s stock valued at $675,000 after purchasing an additional 398 shares in the last quarter. Azimuth Capital Management LLC grew its position in EPAM Systems by 0.6% in the second quarter. Azimuth Capital Management LLC now owns 75,753 shares of the information technology services provider’s stock valued at $9,418,000 after acquiring an additional 448 shares during the last quarter. Denver Investment Advisors LLC grew its position in EPAM Systems by 4.2% in the first quarter. Denver Investment Advisors LLC now owns 16,690 shares of the information technology services provider’s stock valued at $1,911,000 after acquiring an additional 675 shares during the last quarter. Atria Investments LLC grew its position in EPAM Systems by 29.7% in the second quarter. Atria Investments LLC now owns 3,126 shares of the information technology services provider’s stock valued at $389,000 after acquiring an additional 715 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in EPAM Systems by 10.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,827 shares of the information technology services provider’s stock valued at $973,000 after acquiring an additional 743 shares during the last quarter. 90.06% of the stock is owned by institutional investors and hedge funds.
EPAM Systems stock traded down $0.32 during mid-day trading on Tuesday, hitting $138.40. 3,229 shares of the company’s stock traded hands, compared to its average volume of 377,547. EPAM Systems has a fifty-two week low of $82.60 and a fifty-two week high of $144.19. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 48.73, a P/E/G ratio of 2.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.65 and a quick ratio of 5.65.
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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