EPAM Systems (NYSE:EPAM) Issues Q2 Earnings Guidance

EPAM Systems (NYSE:EPAMGet Rating) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of at least $1.70 for the period, compared to the consensus EPS estimate of $1.71. The company issued revenue guidance of at least $1.14 billion, compared to the consensus revenue estimate of $1.09 billion.

Shares of EPAM Systems stock opened at $351.00 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.97 and a quick ratio of 2.97. The company has a 50-day moving average of $269.84 and a 200 day moving average of $473.84. The firm has a market cap of $20.00 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 7.77 and a beta of 1.78. EPAM Systems has a 1 year low of $168.59 and a 1 year high of $725.40.

EPAM Systems (NYSE:EPAMGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The information technology services provider reported $2.49 EPS for the quarter, beating the consensus estimate of $1.87 by $0.62. EPAM Systems had a net margin of 12.82% and a return on equity of 21.10%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $1.63 EPS. EPAM Systems’s revenue for the quarter was up 50.1% on a year-over-year basis. On average, equities analysts anticipate that EPAM Systems will post 7.11 EPS for the current year.

Several brokerages recently commented on EPAM. Wolfe Research raised shares of EPAM Systems from a peer perform rating to an outperform rating and set a $390.00 price objective on the stock in a research report on Monday, April 11th. TheStreet downgraded shares of EPAM Systems from a b rating to a c+ rating in a research report on Friday, February 25th. StockNews.com started coverage on shares of EPAM Systems in a report on Thursday, March 31st. They set a hold rating on the stock. Barclays dropped their price target on shares of EPAM Systems from $770.00 to $555.00 in a report on Tuesday, February 22nd. Finally, Citigroup raised their price target on shares of EPAM Systems from $325.00 to $380.00 in a report on Wednesday, April 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems has an average rating of Buy and a consensus target price of $433.92.

Several hedge funds have recently bought and sold shares of the stock. Penserra Capital Management LLC grew its holdings in shares of EPAM Systems by 23.7% in the fourth quarter. Penserra Capital Management LLC now owns 245 shares of the information technology services provider’s stock valued at $163,000 after purchasing an additional 47 shares in the last quarter. CIBC World Markets Inc. boosted its stake in EPAM Systems by 13.0% during the fourth quarter. CIBC World Markets Inc. now owns 566 shares of the information technology services provider’s stock worth $378,000 after buying an additional 65 shares during the period. EverSource Wealth Advisors LLC purchased a new position in EPAM Systems during the fourth quarter worth $46,000. Flagship Harbor Advisors LLC boosted its stake in EPAM Systems by 45.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 610 shares of the information technology services provider’s stock worth $408,000 after buying an additional 191 shares during the period. Finally, Forum Financial Management LP purchased a new position in EPAM Systems during the fourth quarter worth $226,000. 95.24% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Company Profile (Get Rating)

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, 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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