EPAM Systems (EPAM) to Release Quarterly Earnings on Thursday

EPAM Systems (NYSE:EPAM) is anticipated to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $2.75 per share and revenue of $1.21 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

EPAM Systems Stock Performance

Shares of EPAM opened at $261.01 on Wednesday. The firm has a market cap of $14.80 billion, a PE ratio of 33.90, a P/E/G ratio of 3.96 and a beta of 1.51. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $244.68 and a 200-day moving average price of $221.91. EPAM Systems has a 12 month low of $169.43 and a 12 month high of $317.50.

Insider Activity

In other news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the sale, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. This trade represents a 34.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock worth $2,129,924 in the last ninety days. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EPAM shares. Needham & Company LLC raised their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Susquehanna raised their target price on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Mizuho raised their target price on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley raised their target price on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $269.83.

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.