EPAM Systems (NYSE:EPAM) Releases Q3 2019 Earnings Guidance

EPAM Systems (NYSE:EPAM) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.32 for the period, compared to the Thomson Reuters consensus estimate of $1.31. The company issued revenue guidance of $579 million, compared to the consensus revenue estimate of $571.69 million.EPAM Systems also updated its FY 2019 guidance to $5.25 EPS.

EPAM opened at $186.50 on Friday. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 47.70, a P/E/G ratio of 2.26 and a beta of 1.38. The firm’s 50 day moving average price is $186.35. EPAM Systems has a 52-week low of $104.77 and a 52-week high of $201.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.41 and a quick ratio of 4.41.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.08. The company had revenue of $551.60 million for the quarter, compared to analyst estimates of $549.84 million. EPAM Systems had a net margin of 11.98% and a return on equity of 19.49%. The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. As a group, analysts forecast that EPAM Systems will post 4.3 earnings per share for the current year.

A number of analysts have recently issued reports on EPAM shares. Wedbush reiterated an outperform rating and set a $180.00 price objective (up previously from $158.00) on shares of EPAM Systems in a research note on Wednesday, May 8th. Cantor Fitzgerald lifted their price objective on shares of EPAM Systems from $187.00 to $212.00 and gave the company an overweight rating in a research note on Friday. Cowen lifted their price objective on shares of EPAM Systems from $180.00 to $210.00 and gave the company a positive rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of EPAM Systems from a buy rating to a hold rating and set a $198.00 price target for the company. in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $173.00.

In related news, CEO Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.13, for a total value of $2,491,950.00. Following the completion of the sale, the chief executive officer now owns 1,713,490 shares in the company, valued at $284,662,093.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Michael Mayoras sold 3,372 shares of EPAM Systems stock in a transaction on Friday, June 14th. The stock was sold at an average price of $174.80, for a total transaction of $589,425.60. Following the completion of the sale, the director now owns 10,453 shares of the company’s stock, valued at approximately $1,827,184.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 362,189 shares of company stock valued at $63,001,372. Insiders own 5.30% of the company’s stock.

About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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

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