EPAM Systems, Inc. (NYSE:EPAM) Expected to Post Earnings of $1.69 Per Share


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Equities analysts expect EPAM Systems, Inc. (NYSE:EPAM) to report $1.69 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for EPAM Systems’ earnings. The highest EPS estimate is $1.74 and the lowest is $1.65. EPAM Systems reported earnings of $1.43 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 18.2%. The firm is expected to issue its next earnings results before the market opens on Thursday, May 6th.

On average, analysts expect that EPAM Systems will report full-year earnings of $7.43 per share for the current year, with EPS estimates ranging from $7.29 to $7.70. For the next fiscal year, analysts anticipate that the company will report earnings of $9.16 per share, with EPS estimates ranging from $8.77 to $10.23. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow EPAM Systems.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Wednesday, February 17th. The information technology services provider reported $1.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.37. The firm had revenue of $723.49 million during the quarter, compared to analyst estimates of $702.22 million. EPAM Systems had a return on equity of 18.29% and a net margin of 12.31%.

EPAM has been the subject of several recent research reports. Barclays upped their target price on EPAM Systems from $377.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, March 1st. VTB Capital reaffirmed a “hold” rating and set a $425.00 target price on shares of EPAM Systems in a report on Monday, April 19th. Piper Sandler upped their target price on EPAM Systems from $442.00 to $507.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company upped their target price on EPAM Systems from $395.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 25th. Finally, Morgan Stanley upped their target price on EPAM Systems from $450.00 to $467.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $402.27.

In other EPAM Systems news, CFO Jason D. Peterson sold 3,521 shares of the company’s stock in a transaction that occurred on Monday, March 1st. The stock was sold at an average price of $376.01, for a total value of $1,323,931.21. Corporate insiders own 4.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of EPAM Systems during the 4th quarter valued at $195,576,000. Oak Ridge Investments LLC lifted its position in shares of EPAM Systems by 638.7% during the 1st quarter. Oak Ridge Investments LLC now owns 537,299 shares of the information technology services provider’s stock valued at $213,142,000 after acquiring an additional 464,566 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of EPAM Systems by 543.0% during the 4th quarter. Alliancebernstein L.P. now owns 250,382 shares of the information technology services provider’s stock valued at $89,724,000 after acquiring an additional 211,442 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of EPAM Systems by 220.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 300,872 shares of the information technology services provider’s stock valued at $107,817,000 after acquiring an additional 206,985 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of EPAM Systems by 198.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 287,054 shares of the information technology services provider’s stock valued at $113,872,000 after acquiring an additional 191,033 shares during the last quarter. Hedge funds and other institutional investors own 91.96% of the company’s stock.

EPAM Systems stock traded down $1.06 during midday trading on Tuesday, hitting $458.52. The stock had a trading volume of 524,792 shares, compared to its average volume of 301,071. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.01. The stock has a market cap of $25.76 billion, a P/E ratio of 84.44, a P/E/G ratio of 2.97 and a beta of 1.35. EPAM Systems has a 12 month low of $203.32 and a 12 month high of $462.83. The business has a fifty day moving average price of $417.35 and a 200 day moving average price of $365.35.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services in North America, Europe, Russia, Belarus, Kazakhstan, Ukraine, Georgia, East Asia, Southeast Asia, and Australia. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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