EPAM Systems (EPAM) to Release Earnings on Thursday

EPAM Systems (NYSE:EPAM - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $2.32 per share for the quarter. EPAM Systems has set its Q1 guidance at $2.26-2.34 EPS and its FY24 guidance at $10.00-10.40 EPS.Parties interested in registering for the company's conference call can do so using this link.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.24. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The business's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.71 earnings per share. 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 Trading Up 1.4 %

Shares of NYSE:EPAM traded up $3.20 during trading on Thursday, reaching $238.18. 397,942 shares of the company traded hands, compared to its average volume of 499,572. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 10.26 and a beta of 1.46. EPAM Systems has a 52-week low of $197.99 and a 52-week high of $317.50. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. The business's fifty day moving average is $276.95 and its 200-day moving average is $273.45.

Insider Activity

In other news, EVP Balazs Fejes sold 3,470 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the transaction, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the sale, the senior vice president now directly owns 12,117 shares in the company, valued at approximately $3,707,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the completion of the sale, the executive vice president now owns 13,334 shares of the company's stock, valued at $4,025,934.62. The disclosure for this sale can be found here. Insiders sold 16,820 shares of company stock worth $5,101,117 over the last three months. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on EPAM Systems from $331.00 to $311.00 and set an "overweight" rating for the company in a research note on Thursday. Scotiabank dropped their price target on EPAM Systems from $350.00 to $300.00 and set a "sector outperform" rating for the company in a research note on Monday. Wedbush reaffirmed an "outperform" rating and issued a $340.00 price target on shares of EPAM Systems in a research note on Wednesday, April 10th. Guggenheim assumed coverage on EPAM Systems in a research note on Tuesday, March 19th. They issued a "buy" rating and a $350.00 price target for the company. Finally, Wolfe Research raised EPAM Systems from a "peer perform" rating to an "outperform" rating and set a $355.00 price target for the company in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $315.60.

EPAM Systems Company Profile

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.