EPAM Systems (EPAM) Set to Announce Earnings on Thursday

EPAM Systems (NYSE:EPAM) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $2.70 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.19. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.21 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 Price Performance

EPAM opened at $192.21 on Wednesday. The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $197.73 and a 200 day simple moving average of $198.48. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 4.15 and a beta of 1.46. EPAM Systems has a twelve month low of $169.43 and a twelve month high of $317.50.

EPAM Systems announced that its board has authorized a share repurchase program on Thursday, August 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

EPAM has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Piper Sandler restated an “overweight” rating and set a $225.00 price objective on shares of EPAM Systems in a research note on Tuesday, October 8th. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Itau BBA Securities raised shares of EPAM Systems from an “underperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a research report on Thursday, August 22nd. They issued a “hold” rating and a $204.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.89.

About EPAM Systems

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.