PROS (NYSE:PRO) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

PROS (NYSE:PRO) issued its quarterly earnings results on Tuesday. The software maker reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03, Briefing.com reports. The business had revenue of $80.69 million during the quarter, compared to analysts’ expectations of $79.84 million. During the same period in the prior year, the business earned ($0.28) EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. PROS updated its Q2 guidance to $0.00 to $0.02 EPS.

PROS Stock Performance

NYSE PRO traded up $0.06 during trading on Tuesday, reaching $32.97. 533,102 shares of the company’s stock were exchanged, compared to its average volume of 305,878. PROS has a 1 year low of $24.61 and a 1 year high of $40.99. The stock has a market cap of $1.55 billion, a P/E ratio of -27.02 and a beta of 1.18. The company has a 50 day moving average price of $35.18 and a two-hundred day moving average price of $35.73.

Wall Street Analyst Weigh In

PRO has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of PROS in a research note on Monday, March 4th. KeyCorp upgraded shares of PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 target price on the stock in a research note on Friday, January 12th.

Insider Transactions at PROS

In other news, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.92, for a total transaction of $215,520.00. Following the completion of the sale, the chief financial officer now owns 260,223 shares in the company, valued at approximately $9,347,210.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

PROS Company Profile

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.