$765.92 Million in Sales Expected for EPAM Systems, Inc. (NYSE:EPAM) This Quarter


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Analysts expect EPAM Systems, Inc. (NYSE:EPAM) to report sales of $765.92 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for EPAM Systems’ earnings. The lowest sales estimate is $761.90 million and the highest is $771.90 million. EPAM Systems reported sales of $651.36 million during the same quarter last year, which suggests a positive year-over-year growth rate of 17.6%. The business is expected to announce its next earnings results before the market opens on Thursday, May 6th.

According to Zacks, analysts expect that EPAM Systems will report full year sales of $3.30 billion for the current year, with estimates ranging from $3.24 billion to $3.34 billion. For the next fiscal year, analysts forecast that the firm will post sales of $4.04 billion, with estimates ranging from $3.93 billion to $4.21 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow EPAM Systems.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Wednesday, February 17th. The information technology services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.37. EPAM Systems had a return on equity of 18.29% and a net margin of 12.31%. The company had revenue of $723.49 million for the quarter, compared to the consensus estimate of $702.22 million.

A number of equities research analysts have commented on the company. Morgan Stanley increased their price target on EPAM Systems from $450.00 to $467.00 and gave the company an “overweight” rating in a research note on Tuesday. VTB Capital reiterated a “hold” rating and issued a $425.00 price target on shares of EPAM Systems in a research note on Monday, April 19th. Piper Sandler increased their price target on EPAM Systems from $442.00 to $507.00 and gave the company an “overweight” rating in a research note on Monday. Barclays raised their price objective on EPAM Systems from $377.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, March 1st. Finally, Wells Fargo & Company lifted their price target on EPAM Systems from $395.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, February 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $402.27.

In other EPAM Systems news, CFO Jason D. Peterson sold 3,521 shares of EPAM Systems stock in a transaction on Monday, March 1st. The stock was sold at an average price of $376.01, for a total value of $1,323,931.21. Insiders own 4.80% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Lindbrook Capital LLC raised its holdings in shares of EPAM Systems by 53.7% in the 1st quarter. Lindbrook Capital LLC now owns 63 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 22 shares during the period. Paces Ferry Wealth Advisors LLC purchased a new stake in shares of EPAM Systems in the 3rd quarter valued at $32,000. Parallel Advisors LLC raised its holdings in shares of EPAM Systems by 58.6% in the 1st quarter. Parallel Advisors LLC now owns 92 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 34 shares during the period. JJJ Advisors Inc. raised its holdings in shares of EPAM Systems by 126.8% in the 1st quarter. JJJ Advisors Inc. now owns 93 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 52 shares during the period. Finally, Penserra Capital Management LLC grew its stake in EPAM Systems by 66.2% during the 4th quarter. Penserra Capital Management LLC now owns 113 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 91.96% of the company’s stock.

EPAM stock traded down $1.06 during trading on Thursday, reaching $458.52. 524,792 shares of the company traded hands, compared to its average volume of 301,071. The business has a 50 day simple moving average of $417.35 and a 200 day simple moving average of $365.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.22 and a current ratio of 4.22. EPAM Systems has a 12 month low of $203.32 and a 12 month high of $462.83. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of 84.44, a price-to-earnings-growth ratio of 2.97 and a beta of 1.35.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services in North America, Europe, Russia, Belarus, Kazakhstan, Ukraine, Georgia, East Asia, Southeast Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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