Analysts Anticipate PROS Holdings, Inc. (NYSE:PRO) to Post -$0.24 Earnings Per Share

Wall Street brokerages forecast that PROS Holdings, Inc. (NYSE:PROGet Rating) will announce ($0.24) earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for PROS’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.27). PROS posted earnings per share of ($0.22) during the same quarter last year, which suggests a negative year over year growth rate of 9.1%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that PROS will report full-year earnings of ($0.68) per share for the current financial year, with EPS estimates ranging from ($0.87) to ($0.52). For the next year, analysts anticipate that the business will post earnings of ($0.52) per share, with EPS estimates ranging from ($0.60) to ($0.48). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow PROS.

PROS (NYSE:PROGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The software maker reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.01. PROS had a negative return on equity of 316.22% and a negative net margin of 32.30%. The company had revenue of $64.97 million during the quarter, compared to analysts’ expectations of $63.84 million. During the same quarter in the prior year, the firm posted ($0.29) earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis.

Several brokerages recently issued reports on PRO. Morgan Stanley cut their target price on shares of PROS from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Friday, March 4th. Zacks Investment Research cut PROS from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Nicolaus decreased their price objective on PROS from $48.00 to $45.00 and set a “buy” rating for the company in a report on Monday, March 21st. Finally, StockNews.com started coverage on shares of PROS in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, PROS currently has an average rating of “Hold” and a consensus target price of $38.33.

In related news, CFO Stefan B. Schulz sold 34,800 shares of the business’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $31.03, for a total value of $1,079,844.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.50% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Invesco Ltd. raised its stake in PROS by 0.9% in the 4th quarter. Invesco Ltd. now owns 39,006 shares of the software maker’s stock valued at $1,345,000 after acquiring an additional 335 shares during the period. CIBC Private Wealth Group LLC raised its stake in PROS by 3.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 11,300 shares of the software maker’s stock valued at $390,000 after acquiring an additional 415 shares during the period. Fifth Third Bancorp raised its stake in PROS by 32.2% in the 4th quarter. Fifth Third Bancorp now owns 2,573 shares of the software maker’s stock valued at $89,000 after acquiring an additional 626 shares during the period. Harbor Investment Advisory LLC raised its stake in PROS by 30.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,705 shares of the software maker’s stock valued at $93,000 after acquiring an additional 636 shares during the period. Finally, HighTower Advisors LLC raised its stake in PROS by 6.0% in the 3rd quarter. HighTower Advisors LLC now owns 11,647 shares of the software maker’s stock valued at $411,000 after acquiring an additional 657 shares during the period.

Shares of PRO stock opened at $27.93 on Wednesday. The firm has a 50 day moving average of $30.88 and a 200-day moving average of $32.15. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -15.26 and a beta of 1.55. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 80.44. PROS has a 52 week low of $23.08 and a 52 week high of $50.90.

PROS Company Profile (Get Rating)

PROS Holdings, Inc provides solutions that optimize the processes of selling and shopping in the digital economy worldwide. 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 that enables businesses to optimize, personalize and harmonize pricing across the complexity of their go-to-market channels in the context of dynamic market and competitive conditions.

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