EPAM Systems Company Profile (NYSE:EPAM)

EPAM Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "EPAM."

EPAM Systems, Inc. (NYSE:EPAM) released its earnings results on Thursday, August, 3rd. The company reported $0.80 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.62 by $0.18. The company earned $348.98 million during the quarter, compared to analysts' expectations of $342 million. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The business's revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. View EPAM Systems' Earnings History.

EPAM Systems is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for EPAM Systems.

EPAM Systems updated its FY17 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of at least $3.29 for the period, compared to the Thomson Reuters consensus estimate of $3.43. The company issued revenue guidance of ~$1.43 billion (+23%), compared to the consensus revenue estimate of $1.42 billion.EPAM Systems also updated its Q3 guidance to at least $0.84 EPS.

12 equities research analysts have issued 12-month target prices for EPAM Systems' shares. Their predictions range from $78.00 to $105.00. On average, they anticipate EPAM Systems' share price to reach $92.42 in the next year. View Analyst Ratings for EPAM Systems.

Here are some recent quotes from research analysts about EPAM Systems stock:

• 1. According to Zacks Investment Research, "EPAM Systems, Inc. is an IT services provider engaged in providing software product development services, software engineering and custom development solutions. Its software product development services include product research, design and prototyping, product development, component design and integration. Its custom application development services comprise business and technical requirements analysis, solution architecture creation and validation, development, component design and integration. The Company also provides application testing services consisting of software application testing, testing for enterprise IT, and consulting services. It serves banking, financial services, business information, media, travel and hospitality, retail, energy, telecommunications, automotive, manufacturing, life sciences industries and the government. EPAM Systems, Inc. is headquartered in Newtown, Pennsylvania. " (10/10/2017)
• 2. Cantor Fitzgerald analysts commented, "1Q17 revenues top expectations. Revenue for 1Q17 was $324.7 mn, up 3.5% q/q and 22.7% y/y (23.9% in constant currency), vs. our $316.2 mn estimate and the $316.7 mn FactSet consensus. The FX headwind of 1.2% was down from 2.3% in 4Q16 and 2.5% for the full year 2016. The quarter was the 25th consecutive quarter of over 20% y/y growth and 20th since the IPO, five years ago. Adjusted operating profit of $49.3 mn (15.2% adjusted operating margin) was up 15% y/y, but just below the consensus of $49.5 mn. Non-GAAP EPS was $0.72, below our $0.73 estimate and the consensus of $0.74." (5/4/2017)
• 3. Needham & Company LLC analysts commented, "EPAM reported 4Q results that exceeded expectations on revenue, but narrowly missed on EPS. While the Financial Services vertical lagged this quarter due to top customer weakness, there are signs of stabilization going forward that should be beneficial to utilization and gross margin. EPAM introduced guidance for FY17 and 1Q17 that is largely in-line with expectations, and we view the 23% Y/Y constant currency growth outlook for FY17 as encouraging given recent cyclical headwinds in the industry. We believe that the risk-reward remains favorable with the stock trading at approximately 18x ex-cash our FY18 EPS estimate, and we reiterate our BUY rating. Our new $82 target is 20x our FY18 EPS." (2/16/2017)

Some companies that are related to EPAM Systems include Akamai Technologies (AKAM), Jack Henry & Associates (JKHY), F5 Networks (FFIV), GoDaddy (GDDY), Fortinet (FTNT), LogMein (LOGM), Booz Allen Hamilton Holding Corporation (BAH), CSRA (CSRA), Aspen Technology (AZPN), Medidata Solutions (MDSO), Proofpoint (PFPT), Teradata Corporation (TDC), NCR Corporation (NCR), InterXion Holding N.V. (INXN), DST Systems (DST), CACI International (CACI), Manhattan Associates (MANH) and Wix.com (WIX).

EPAM Systems' management team includes the folowing people:

• Arkadiy Dobkin, Chairman of the Board, President, Chief Executive Officer
• Anthony J. Conte, Chief Financial Officer, Senior Vice President, Treasurer
• Ginger Lynn Mosier, Senior Vice President, General Counsel, Corporate Secretary
• Balazs Fejes, Senior Vice President, Co-Head of Global Business
• Boris Shnayder, Senior Vice President, Co-Head of Global Business
• Larry Solomon, Senior Vice President, Chief People Officer
• Gary C. Abrahams, Chief Accounting Officer
• Elaina Shekhter, Chief Marketing Officer
• Ronald P. Vargo, Non-Executive Lead Independent Director
• Karl Robb, Non-Executive Director

EPAM Systems' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Summit Creek Advisors LLC (0.35%) and Nationwide Fund Advisors (0.26%). Company insiders that own EPAM Systems stock include Anthony J Conte, Arkadiy Dobkin, Balazs Fejes, Elaina Shekhter, Ginger Mosier and Richard Michael Mayoras. View Institutional Ownership Trends for EPAM Systems.

EPAM Systems' stock was acquired by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC and Nationwide Fund Advisors. View Insider Buying and Selling for EPAM Systems.

Shares of EPAM Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of EPAM Systems stock can currently be purchased for approximately $90.95.