PROS Holdings, Inc. (PRO) Expected to Announce Quarterly Sales of $44.78 Million

Analysts expect PROS Holdings, Inc. (NYSE:PRO) to announce sales of $44.78 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for PROS’s earnings. The highest sales estimate is $45.45 million and the lowest is $44.24 million. PROS reported sales of $39.93 million during the same quarter last year, which indicates a positive year over year growth rate of 12.1%. The business is expected to issue its next quarterly earnings report after the market closes on Tuesday, February 6th.

On average, analysts expect that PROS will report full year sales of $44.78 million for the current financial year, with estimates ranging from $166.71 million to $167.92 million. For the next fiscal year, analysts expect that the firm will post sales of $186.13 million per share, with estimates ranging from $185.86 million to $186.46 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for PROS.

PROS (NYSE:PRO) last announced its quarterly earnings results on Thursday, October 26th. The software maker reported ($0.22) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.01. The company had revenue of $41.94 million during the quarter, compared to the consensus estimate of $41.07 million. During the same period in the previous year, the firm posted ($0.19) EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year.

A number of brokerages have weighed in on PRO. DA Davidson assumed coverage on shares of PROS in a research note on Friday. They issued a “neutral” rating and a $28.00 price target on the stock. Zacks Investment Research downgraded shares of PROS from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Needham & Company LLC upgraded shares of PROS from a “buy” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a report on Monday, December 11th. ValuEngine downgraded shares of PROS from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $28.00 price objective on shares of PROS in a report on Sunday, October 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. PROS has an average rating of “Buy” and an average target price of $31.00.

Shares of PROS (NYSE PRO) traded down $1.34 on Tuesday, reaching $27.79. 392,619 shares of the company’s stock were exchanged, compared to its average volume of 171,444. The company has a debt-to-equity ratio of -5.94, a quick ratio of 2.08 and a current ratio of 2.08. PROS has a 1 year low of $21.10 and a 1 year high of $30.49. The company has a market capitalization of $926.58 and a price-to-earnings ratio of -11.42.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc raised its holdings in shares of PROS by 3.3% in the second quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock valued at $172,000 after purchasing an additional 199 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of PROS by 1.1% in the second quarter. Wells Fargo & Company MN now owns 19,890 shares of the software maker’s stock valued at $545,000 after purchasing an additional 211 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of PROS by 3.6% in the second quarter. Stifel Financial Corp now owns 19,418 shares of the software maker’s stock valued at $532,000 after purchasing an additional 673 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in PROS by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 20,852 shares of the software maker’s stock worth $571,000 after buying an additional 901 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in PROS by 9.5% during the third quarter. Envestnet Asset Management Inc. now owns 30,287 shares of the software maker’s stock worth $732,000 after buying an additional 2,637 shares during the last quarter. Institutional investors own 94.13% of the company’s stock.

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About PROS

PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.

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