Zacks: Brokerages Anticipate Pegasystems Inc. (NASDAQ:PEGA) to Announce $0.19 EPS

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

According to Zacks, 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 fiscal 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’ EPS averages are an average based on a survey of analysts that cover Pegasystems.

Pegasystems (NASDAQ:PEGAGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The technology company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.76. Pegasystems had a negative net margin of 4.46% and a negative return on equity of 10.05%. The firm had revenue of $376.30 million during the quarter, compared to the consensus estimate of $363.95 million. During the same quarter last year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year.

A number of research analysts recently commented on PEGA shares. Barclays lowered their price target on shares of Pegasystems from $110.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, April 19th. Macquarie reduced their price objective on shares of Pegasystems from $150.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, February 18th. JMP Securities lowered shares of Pegasystems from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 12th. TheStreet lowered shares of Pegasystems from a “c-” rating to a “d+” rating in a research report on Thursday, January 27th. Finally, Truist Financial lowered shares of Pegasystems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $110.00 to $60.00 in a research report on Wednesday, May 11th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $105.70.

Several large investors have recently modified their holdings of PEGA. Cambridge Investment Research Advisors Inc. increased its position in shares of Pegasystems by 24.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,050 shares of the technology company’s stock worth $261,000 after acquiring an additional 404 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Pegasystems by 6.9% during the third quarter. CIBC Asset Management Inc now owns 3,148 shares of the technology company’s stock valued at $400,000 after purchasing an additional 202 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Pegasystems during the third quarter valued at approximately $224,000. Teacher Retirement System of Texas boosted its stake in shares of Pegasystems by 23.8% during the third quarter. Teacher Retirement System of Texas now owns 6,516 shares of the technology company’s stock valued at $828,000 after purchasing an additional 1,253 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Pegasystems during the third quarter valued at approximately $114,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

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

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

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.

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