EPAM Systems (EPAM) Scheduled to Post Earnings on Thursday

EPAM Systems (NYSE:EPAM) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $2.32 per share for the quarter. EPAM Systems has set its Q1 guidance at $2.26-2.34 EPS and its FY24 guidance at $10.00-10.40 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.24. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.71 earnings per share. On average, analysts expect EPAM Systems to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

EPAM Systems Price Performance

NYSE EPAM opened at $246.34 on Tuesday. The company has a market cap of $14.29 billion, a P/E ratio of 34.84, a P/E/G ratio of 10.58 and a beta of 1.46. EPAM Systems has a 1 year low of $197.99 and a 1 year high of $317.50. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $273.31 and a 200 day simple moving average of $273.77.

Insider Activity at EPAM Systems

In related news, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value of $1,047,697.10. Following the completion of the sale, the executive vice president now owns 13,334 shares in the company, valued at approximately $4,025,934.62. The transaction was disclosed in a filing with the SEC, which is available through this link. In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the sale, the senior vice president now directly owns 12,770 shares in the company, valued at approximately $3,857,050.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the transaction, the executive vice president now owns 13,334 shares of the company’s stock, valued at approximately $4,025,934.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,820 shares of company stock worth $5,101,117. 4.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EPAM shares. Susquehanna boosted their price objective on shares of EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Jefferies Financial Group reissued a “hold” rating and set a $295.00 price objective on shares of EPAM Systems in a report on Thursday, January 11th. Guggenheim started coverage on EPAM Systems in a research note on Tuesday, March 19th. They issued a “buy” rating and a $350.00 target price for the company. Piper Sandler decreased their price target on shares of EPAM Systems from $369.00 to $317.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Citigroup dropped their price objective on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus target price of $315.60.

EPAM Systems Company Profile

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, performance tuning, deployment, maintenance, and support services.