EPAM Systems (EPAM) Set to Announce Quarterly Earnings on Thursday

EPAM Systems (NYSE:EPAMGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, August 4th. Analysts expect the company to announce earnings of $1.71 per share for the quarter. EPAM Systems has set its Q2 guidance at at least $1.70 EPS.Parties interested in listening to the company’s conference call can do so using this link.

EPAM Systems (NYSE:EPAMGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The information technology services provider reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.82. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. EPAM Systems had a return on equity of 21.92% and a net margin of 11.14%. The firm’s quarterly revenue was up 50.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. On average, analysts expect EPAM Systems to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

EPAM Systems Price Performance

EPAM Systems stock opened at $325.63 on Thursday. The stock’s 50 day moving average is $314.61 and its 200 day moving average is $336.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market cap of $18.61 billion, a P/E ratio of 40.10, a P/E/G ratio of 2.58 and a beta of 1.76. EPAM Systems has a one year low of $168.59 and a one year high of $725.40.

Insider Buying and Selling

In related news, CMO Elaina Shekhter sold 100 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $347.10, for a total transaction of $34,710.00. Following the completion of the sale, the chief marketing officer now owns 7,671 shares in the company, valued at $2,662,604.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other EPAM Systems news, CMO Elaina Shekhter sold 100 shares of the business’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $347.10, for a total value of $34,710.00. Following the transaction, the chief marketing officer now owns 7,671 shares of the company’s stock, valued at $2,662,604.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason D. Peterson sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $325.00, for a total value of $325,000.00. Following the completion of the transaction, the chief financial officer now directly owns 12,162 shares in the company, valued at approximately $3,952,650. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,500 shares of company stock worth $493,710. 4.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC purchased a new position in EPAM Systems in the first quarter worth $518,000. Toroso Investments LLC boosted its position in EPAM Systems by 66.3% in the first quarter. Toroso Investments LLC now owns 1,588 shares of the information technology services provider’s stock worth $471,000 after purchasing an additional 633 shares during the last quarter. Cim Investment Management Inc. purchased a new position in shares of EPAM Systems during the 1st quarter valued at $455,000. Mirabella Financial Services LLP purchased a new position in shares of EPAM Systems during the 1st quarter valued at $395,000. Finally, Continuum Advisory LLC purchased a new position in shares of EPAM Systems during the 1st quarter valued at $384,000. Hedge funds and other institutional investors own 95.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays lifted their price objective on EPAM Systems from $350.00 to $410.00 in a research note on Monday, May 9th. Wedbush lifted their price objective on EPAM Systems from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, June 6th. Bank of America raised EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the company from $312.00 to $400.00 in a research note on Friday, May 6th. Wolfe Research raised EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $390.00 price target on the stock in a research note on Monday, April 11th. Finally, Susquehanna Bancshares raised EPAM Systems to a “positive” rating in a research note on Monday, May 16th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $431.50.

EPAM Systems Company Profile

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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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Earnings History for EPAM Systems (NYSE:EPAM)

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