EPAM Systems (EPAM) Set to Announce Earnings on Thursday

EPAM Systems (NYSE:EPAMGet Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $2.70 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

EPAM Systems (NYSE:EPAMGet Free Report) last issued its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.26 by $0.19. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 EPS. 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 Stock Performance

Shares of EPAM stock opened at $189.01 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84. The stock has a market cap of $10.96 billion, a PE ratio of 25.86, a P/E/G ratio of 4.35 and a beta of 1.45. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $317.50. The stock has a fifty day moving average price of $198.45 and a 200 day moving average price of $200.21.

EPAM Systems declared that its Board of Directors has approved a stock repurchase program on Thursday, August 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EPAM. Piper Sandler restated an “overweight” rating and issued a $225.00 target price on shares of EPAM Systems in a research note on Tuesday, October 8th. Jefferies Financial Group upped their target price on shares of EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Citigroup upped their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday. Barclays upped their target price on shares of EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and a consensus price target of $254.89.

Check Out Our Latest Stock Report on EPAM

About EPAM Systems

(Get Free Report)

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.

See Also

Earnings History for EPAM Systems (NYSE:EPAM)

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