EPAM Systems (EPAM) to Release Quarterly Earnings on Thursday

EPAM Systems (NYSE:EPAM) will announce its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $2.26 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.09. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. On average, analysts expect EPAM Systems to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $206.66 on Wednesday. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.01. EPAM Systems has a twelve month low of $169.43 and a twelve month high of $317.50. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 4.97 and a beta of 1.45. The company’s fifty day moving average is $190.42 and its 200 day moving average is $238.65.

Analyst Ratings Changes

Several analysts recently weighed in on EPAM shares. Citigroup reduced their price objective on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Redburn Atlantic started coverage on shares of EPAM Systems in a research note on Friday, May 24th. They issued a “neutral” rating and a $195.00 price objective on the stock. Wedbush reissued an “outperform” rating and issued a $340.00 price objective on shares of EPAM Systems in a research note on Wednesday, April 10th. Jefferies Financial Group raised shares of EPAM Systems from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $202.00 to $237.00 in a research note on Tuesday, July 16th. Finally, Barclays upped their price target on shares of EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $270.28.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. 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, performance tuning, deployment, maintenance, and support services.