$1.78 Earnings Per Share Expected for EPAM Systems, Inc. (NYSE:EPAM) This Quarter

Wall Street brokerages expect that EPAM Systems, Inc. (NYSE:EPAMGet Rating) will report earnings of $1.78 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for EPAM Systems’ earnings. The highest EPS estimate is $2.85 and the lowest is $1.21. EPAM Systems posted earnings per share of $2.05 during the same quarter last year, which would suggest a negative year over year growth rate of 13.2%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that EPAM Systems will report full-year earnings of $8.37 per share for the current fiscal year, with EPS estimates ranging from $6.12 to $12.04. For the next year, analysts expect that the firm will post earnings of $12.26 per share, with EPS estimates ranging from $10.05 to $15.69. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for EPAM Systems.

EPAM Systems (NYSE:EPAMGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The information technology services provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.62. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.06 billion. EPAM Systems had a return on equity of 21.92% and a net margin of 11.14%. EPAM Systems’s quarterly revenue was up 50.1% on a year-over-year basis. During the same period last year, the business earned $1.63 earnings per share.

Several research analysts recently weighed in on the company. StockNews.com assumed coverage on EPAM Systems in a research report on Thursday, March 31st. They set a “hold” rating for the company. Piper Sandler upgraded EPAM Systems from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $359.00 to $348.00 in a research report on Monday, May 2nd. Cowen cut their price objective on EPAM Systems from $615.00 to $355.00 in a research report on Thursday, March 3rd. Bank of America upgraded EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $312.00 to $400.00 in a research report on Friday. Finally, Needham & Company LLC cut their price objective on EPAM Systems from $650.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, March 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, EPAM Systems has an average rating of “Buy” and a consensus target price of $435.17.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPAM. Commonwealth Equity Services LLC boosted its stake in EPAM Systems by 13.7% during the third quarter. Commonwealth Equity Services LLC now owns 2,077 shares of the information technology services provider’s stock worth $1,184,000 after buying an additional 250 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of EPAM Systems by 138.0% in the 3rd quarter. Advisory Services Network LLC now owns 2,806 shares of the information technology services provider’s stock valued at $1,601,000 after purchasing an additional 1,627 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of EPAM Systems by 133.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,312 shares of the information technology services provider’s stock valued at $12,158,000 after purchasing an additional 12,200 shares during the last quarter. Banco Santander S.A. acquired a new position in shares of EPAM Systems in the 3rd quarter valued at $891,000. Finally, Mackenzie Financial Corp lifted its stake in shares of EPAM Systems by 2.8% in the 3rd quarter. Mackenzie Financial Corp now owns 29,490 shares of the information technology services provider’s stock valued at $16,823,000 after purchasing an additional 807 shares during the last quarter. 95.24% of the stock is currently owned by institutional investors.

Shares of EPAM stock opened at $347.00 on Friday. The stock has a 50 day moving average of $272.63 and a 200 day moving average of $469.54. The company has a current ratio of 3.32, a quick ratio of 2.97 and a debt-to-equity ratio of 0.01. The stock has a market cap of $19.77 billion, a P/E ratio of 44.43, a P/E/G ratio of 9.05 and a beta of 1.78. EPAM Systems has a twelve month low of $168.59 and a twelve month high of $725.40.

About EPAM Systems (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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