EPAM Systems (EPAM) Set to Announce Earnings on Thursday

EPAM Systems (NYSE:EPAMGet Free Report) 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:EPAMGet Free Report) 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.

Check Out Our Latest Stock Analysis on EPAM

About EPAM Systems

(Get Free Report)

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.

Further Reading

Earnings History for EPAM Systems (NYSE:EPAM)

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