Brokerages Anticipate Pegasystems Inc. (NASDAQ:PEGA) Will Announce Quarterly Sales of $369.86 Million

Equities research analysts expect Pegasystems Inc. (NASDAQ:PEGAGet Rating) to post $369.86 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Pegasystems’ earnings, with the highest sales estimate coming in at $376.62 million and the lowest estimate coming in at $357.00 million. Pegasystems reported sales of $325.70 million during the same quarter last year, which indicates a positive year over year growth rate of 13.6%. The company is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that Pegasystems will report full-year sales of $1.46 billion for the current year, with estimates ranging from $1.41 billion to $1.48 billion. For the next financial year, analysts forecast that the business will report sales of $1.73 billion, with estimates ranging from $1.62 billion to $1.81 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Pegasystems.

Pegasystems (NASDAQ:PEGAGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.52. The firm had revenue of $376.30 million during the quarter, compared to analyst estimates of $363.95 million. Pegasystems had a negative net margin of 4.46% and a negative return on equity of 10.05%. The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS.

Several equities analysts have commented on the stock. Loop Capital downgraded shares of Pegasystems from a “buy” rating to a “hold” rating and set a $110.00 target price on the stock. in a research report on Thursday, February 17th. TheStreet cut shares of Pegasystems from a “c-” rating to a “d+” rating in a report on Thursday, January 27th. The Goldman Sachs Group assumed coverage on Pegasystems in a research note on Wednesday, May 4th. They issued a “neutral” rating and a $86.00 price objective on the stock. Barclays decreased their target price on Pegasystems from $110.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 19th. Finally, Wedbush lowered their target price on Pegasystems from $155.00 to $115.00 in a report on Thursday, February 17th. Six equities research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $105.70.

Several institutional investors and hedge funds have recently modified their holdings of PEGA. Manchester Capital Management LLC acquired a new stake in shares of Pegasystems during the 3rd quarter worth approximately $37,000. Ellevest Inc. raised its position in shares of Pegasystems by 292.9% during the 4th quarter. Ellevest Inc. now owns 334 shares of the technology company’s stock valued at $37,000 after acquiring an additional 249 shares during the last quarter. First Horizon Advisors Inc. lifted its stake 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 during the period. Steward Partners Investment Advisory LLC boosted 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 worth $40,000 after purchasing an additional 200 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in shares of Pegasystems during the fourth quarter worth $59,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:PEGA opened at $46.98 on Thursday. The firm has a fifty day moving average of $72.12 and a two-hundred day moving average of $92.58. The company has a quick ratio of 1.85, a current 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 firm has a market capitalization of $3.84 billion, a P/E ratio of -65.25 and a beta of 1.11.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 1st were issued a $0.03 dividend. The ex-dividend date was Thursday, March 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.26%. Pegasystems’s dividend payout ratio is -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.

Featured Articles

Get a free copy of the Zacks research report on Pegasystems (PEGA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Pegasystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems and related companies with MarketBeat.com's FREE daily email newsletter.