EPAM Systems (EPAM) to Release Earnings on Thursday

EPAM Systems (NYSE:EPAM) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $2.32 per share for the quarter. EPAM Systems has set its Q1 guidance at $2.26-2.34 EPS and its FY24 guidance at $10.00-10.40 EPS.Investors interested in registering for the company’s conference call can do so using this link.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.24. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. EPAM Systems’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.71 EPS. 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 Stock Up 1.7 %

NYSE:EPAM opened at $246.34 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. The firm has a market cap of $14.29 billion, a P/E ratio of 34.84, a P/E/G ratio of 10.58 and a beta of 1.46. EPAM Systems has a fifty-two week low of $197.99 and a fifty-two week high of $317.50. The firm has a 50-day simple moving average of $273.31 and a two-hundred day simple moving average of $273.77.

Insider Transactions at EPAM Systems

In other news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the transaction, the senior vice president now owns 12,770 shares of the company’s stock, valued at $3,857,050.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value of $1,047,697.10. Following the completion of the transaction, the executive vice president now owns 13,334 shares of the company’s stock, valued at approximately $4,025,934.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the sale, the senior vice president now directly owns 12,770 shares in the company, valued at $3,857,050.80. The disclosure for this sale can be found here. Insiders sold 16,820 shares of company stock worth $5,101,117 in the last three months. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. JPMorgan Chase & Co. decreased their price target on EPAM Systems from $331.00 to $311.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. HSBC dropped their price objective on EPAM Systems from $350.00 to $345.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Susquehanna boosted their target price on EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus raised their price target on shares of EPAM Systems from $288.00 to $301.00 and gave the company a “buy” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $315.60.

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.