Brokerages Anticipate Pegasystems Inc. (PEGA) Will Announce Earnings of $0.11 Per Share

Wall Street brokerages expect Pegasystems Inc. (NASDAQ:PEGA) to post earnings of $0.11 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Pegasystems’ earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.14. Pegasystems reported earnings per share of $0.24 in the same quarter last year, which suggests a negative year-over-year growth rate of 54.2%. The business is scheduled to report its next quarterly earnings results on Thursday, May 9th.

On average, analysts expect that Pegasystems will report full year earnings of $0.47 per share for the current financial year, with EPS estimates ranging from $0.43 to $0.51. For the next fiscal year, analysts expect that the company will post earnings of $0.63 per share, with EPS estimates ranging from $0.59 to $0.68. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Pegasystems.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.20. Pegasystems had a net margin of 1.19% and a return on equity of 0.34%. The firm had revenue of $256.36 million during the quarter, compared to analysts’ expectations of $252.71 million. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was up .7% on a year-over-year basis.

PEGA has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Pegasystems from a “c” rating to a “b-” rating in a report on Friday, March 22nd. BidaskClub lowered shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Zacks Investment Research upgraded shares of Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 price objective on the stock in a report on Tuesday, February 19th. Finally, Wedbush reiterated an “outperform” rating and issued a $84.00 price objective (up previously from $80.00) on shares of Pegasystems in a report on Wednesday, February 27th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Pegasystems has a consensus rating of “Buy” and a consensus price target of $68.62.

Shares of PEGA stock opened at $70.71 on Friday. Pegasystems has a 12 month low of $43.21 and a 12 month high of $70.76. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 3,466.00 and a beta of 1.38.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.03 dividend. The ex-dividend date was Friday, March 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.17%.

In other news, SVP Leon Trefler sold 948 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $66.46, for a total value of $63,004.08. Following the sale, the senior vice president now owns 11,627 shares in the company, valued at approximately $772,730.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Efstathios A. Kouninis sold 465 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $65.50, for a total transaction of $30,457.50. Following the sale, the chief accounting officer now owns 1,527 shares in the company, valued at approximately $100,018.50. The disclosure for this sale can be found here. Insiders sold a total of 54,039 shares of company stock worth $3,471,800 in the last quarter. 52.85% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEGA. Parallel Advisors LLC raised its stake in Pegasystems by 46.1% during the fourth quarter. Parallel Advisors LLC now owns 792 shares of the technology company’s stock worth $37,000 after acquiring an additional 250 shares during the period. Lloyds Banking Group plc acquired a new stake in Pegasystems during the fourth quarter worth about $65,000. Quantbot Technologies LP acquired a new stake in Pegasystems during the third quarter worth about $122,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Pegasystems by 22.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,725 shares of the technology company’s stock worth $130,000 after acquiring an additional 495 shares during the period. Finally, We Are One Seven LLC acquired a new stake in Pegasystems during the fourth quarter worth about $140,000. Hedge funds and other institutional investors own 48.02% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients. The company offers customer engagement applications, including Pega Marketing that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega sales automation to automate and manage the sales process; and Pega customer service to anticipate customer needs, connect customers, the right people and systems, and automate customer interactions to evolve the customer service experience and to allow enterprises to deliver interactions across channels and enhance employee productivity.

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Earnings History and Estimates for Pegasystems (NASDAQ:PEGA)

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