Scotiabank Issues Optimistic Forecast for PagerDuty Earnings

PagerDuty, Inc. (NYSE:PD - Free Report) - Equities research analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for shares of PagerDuty in a report released on Monday, June 9th. Scotiabank analyst N. Altmann now expects that the company will post earnings of $0.09 per share for the year, up from their previous forecast of ($0.06). The consensus estimate for PagerDuty's current full-year earnings is ($0.27) per share.

A number of other analysts also recently commented on the company. Truist Financial dropped their price objective on PagerDuty from $26.00 to $23.00 and set a "buy" rating for the company in a report on Friday, May 30th. Canaccord Genuity Group decreased their price target on shares of PagerDuty from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Monday, June 2nd. Morgan Stanley decreased their price target on shares of PagerDuty from $20.00 to $17.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. TD Securities decreased their price target on shares of PagerDuty from $19.00 to $18.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Finally, Royal Bank of Canada decreased their price target on shares of PagerDuty from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $19.50.

PagerDuty Trading Down 4.4%

PD traded down $0.66 during trading on Thursday, hitting $14.33. The company's stock had a trading volume of 1,544,615 shares, compared to its average volume of 1,100,678. The stock has a market cap of $1.31 billion, a PE ratio of -17.92 and a beta of 0.88. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. The firm's 50 day moving average price is $15.61 and its 200-day moving average price is $17.55. PagerDuty has a twelve month low of $13.94 and a twelve month high of $23.12.

PagerDuty (NYSE:PD - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The company had revenue of $119.81 million during the quarter, compared to the consensus estimate of $118.98 million. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. PagerDuty's revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS.

PagerDuty declared that its Board of Directors has approved a stock repurchase program on Thursday, March 13th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On PagerDuty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC boosted its position in PagerDuty by 2,235.6% in the 1st quarter. Headlands Technologies LLC now owns 1,378 shares of the company's stock valued at $25,000 after buying an additional 1,319 shares during the last quarter. Summit Securities Group LLC purchased a new position in PagerDuty in the 1st quarter valued at about $33,000. KBC Group NV purchased a new position in PagerDuty in the 1st quarter valued at about $33,000. Venturi Wealth Management LLC purchased a new position in PagerDuty in the 4th quarter valued at about $43,000. Finally, Picton Mahoney Asset Management purchased a new position in PagerDuty in the 4th quarter valued at about $58,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

About PagerDuty

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues.