Wedbush Equities Analysts Reduce Earnings Estimates for EPAM Systems Inc (EPAM)

EPAM Systems Inc (NYSE:EPAM) – Investment analysts at Wedbush decreased their FY2017 EPS estimates for EPAM Systems in a research note issued to investors on Tuesday. Wedbush analyst M. Katri now forecasts that the information technology services provider will earn $2.65 per share for the year, down from their prior estimate of $2.66. Wedbush also issued estimates for EPAM Systems’ Q1 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.93 EPS, FY2018 earnings at $3.20 EPS, Q1 2019 earnings at $0.81 EPS, Q2 2019 earnings at $0.89 EPS, Q3 2019 earnings at $0.96 EPS and FY2019 earnings at $3.69 EPS.

Several other research analysts also recently weighed in on EPAM. Cowen set a $115.00 price objective on shares of EPAM Systems and gave the stock a “buy” rating in a report on Monday. Pivotal Research assumed coverage on shares of EPAM Systems in a report on Tuesday, December 5th. They set a “buy” rating and a $120.00 price objective on the stock. BidaskClub upgraded shares of EPAM Systems from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Jefferies Group set a $95.00 price objective on shares of EPAM Systems and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. EPAM Systems currently has a consensus rating of “Buy” and an average target price of $101.40.

EPAM Systems (NYSE EPAM) opened at $105.08 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.56 and a current ratio of 5.56. EPAM Systems has a 1 year low of $61.74 and a 1 year high of $107.91. The stock has a market cap of $5,520.00, a price-to-earnings ratio of 41.33, a P/E/G ratio of 2.01 and a beta of 0.99.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.07. EPAM Systems had a net margin of 9.41% and a return on equity of 15.70%. The company had revenue of $377.50 million for the quarter, compared to the consensus estimate of $368.22 million. During the same quarter in the previous year, the company earned $0.76 EPS. EPAM Systems’s quarterly revenue was up 26.6% compared to the same quarter last year.

In related news, SVP Elaina Shekhter sold 500 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $90.00, for a total transaction of $45,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Arkadiy Dobkin sold 5,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $82.66, for a total transaction of $413,300.00. Following the transaction, the chief executive officer now owns 2,080,851 shares of the company’s stock, valued at approximately $172,003,143.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 279,654 shares of company stock valued at $26,966,185. 6.17% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of EPAM. Acrospire Investment Management LLC bought a new position in EPAM Systems during the second quarter valued at about $101,000. Jacobi Capital Management LLC bought a new position in EPAM Systems during the second quarter valued at about $119,000. PNC Financial Services Group Inc. grew its position in EPAM Systems by 34.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock valued at $123,000 after buying an additional 378 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in EPAM Systems by 11.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock valued at $134,000 after buying an additional 166 shares during the period. Finally, US Bancorp DE grew its position in EPAM Systems by 1,762.5% during the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock valued at $175,000 after buying an additional 1,974 shares during the period. Institutional investors own 91.08% of the company’s stock.

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EPAM Systems Company Profile

EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.

Earnings History and Estimates for EPAM Systems (NYSE:EPAM)

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