Pegasystems Inc. (NASDAQ:PEGA) Expected to Announce Earnings of $0.19 Per Share

Wall Street brokerages forecast that Pegasystems Inc. (NASDAQ:PEGA – Get Rating) will announce earnings of $0.19 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Pegasystems’ earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.16. Pegasystems reported earnings per share of $0.23 during the same quarter last year, which suggests a negative year-over-year growth rate of 17.4%. The company is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Pegasystems will report full-year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.90 to $0.98. For the next year, analysts expect that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $1.36 to $1.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Pegasystems.

Pegasystems (NASDAQ:PEGA – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.76. Pegasystems had a negative return on equity of 10.05% and a negative net margin of 4.46%. The business had revenue of $376.30 million during the quarter, compared to the consensus estimate of $363.95 million. During the same period in the prior year, the firm posted ($0.03) EPS. The business’s revenue for the quarter was up 20.0% on a year-over-year basis.

A number of analysts have recently issued reports on PEGA shares. Loop Capital cut Pegasystems from a “buy” rating to a “hold” rating and set a $110.00 target price for the company. in a report on Thursday, February 17th. JMP Securities cut Pegasystems from an “outperform” rating to a “market perform” rating in a report on Thursday, May 12th. Wedbush decreased their target price on Pegasystems from $155.00 to $115.00 in a report on Thursday, February 17th. StockNews.com cut Pegasystems from a “buy” rating to a “hold” rating in a report on Sunday, May 8th. Finally, KeyCorp decreased their target price on Pegasystems from $147.00 to $129.00 and set an “overweight” rating for the company in a report on Thursday, February 17th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Pegasystems has an average rating of “Buy” and a consensus target price of $105.70.

Pegasystems stock opened at $50.42 on Tuesday. The company has a market cap of $4.13 billion, a price-to-earnings ratio of -70.03 and a beta of 1.11. Pegasystems has a 12 month low of $36.50 and a 12 month high of $143.66. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.85 and a quick ratio of 1.85. The stock’s 50-day moving average is $73.36 and its 200-day moving average is $93.20.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, April 1st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Thursday, March 31st. Pegasystems’s dividend payout ratio is presently -16.67%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Manchester Capital Management LLC acquired a new position in shares of Pegasystems in the 3rd quarter valued at approximately $37,000. Ellevest Inc. raised its position in shares of Pegasystems by 292.9% in the 4th quarter. Ellevest Inc. now owns 334 shares of the technology company’s stock valued at $37,000 after purchasing an additional 249 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Pegasystems by 66.7% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 500 shares of the technology company’s stock valued at $40,000 after purchasing an additional 200 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Pegasystems by 1,294.1% in the 4th quarter. First Horizon Advisors Inc. now owns 474 shares of the technology company’s stock valued at $53,000 after purchasing an additional 440 shares in the last quarter. Finally, Covestor Ltd acquired a new position in shares of Pegasystems in the 4th quarter valued at approximately $59,000. 48.55% of the stock is currently owned by institutional investors.

About Pegasystems (Get Rating)

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software applications in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

See Also