EPAM Systems, Inc. (NYSE:EPAM) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of at least $3.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.41. The company issued revenue guidance of at least 20% growth to $1.39 billion, compared to the consensus revenue estimate of $1.41 billion.EPAM Systems also updated its Q1 guidance to at least $0.72 EPS.

A number of analysts recently commented on the company. Needham & Company LLC increased their price target on EPAM Systems to $82.00 in a research report on Thursday. Monness Crespi & Hardt raised EPAM Systems from a neutral rating to a buy rating and set a $75.00 price target for the company in a research report on Thursday, October 20th. Zacks Investment Research downgraded EPAM Systems from a buy rating to a hold rating in a research report on Monday, October 31st. Finally, Barclays PLC reissued an equal weight rating and issued a $70.00 target price (down from $75.00) on shares of EPAM Systems in a research report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $78.85.

Shares of EPAM Systems, Inc. (NYSE:EPAM) opened at 70.69 on Friday. EPAM Systems, Inc. has a 52 week low of $54.53 and a 52 week high of $78.40. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 36.86 and a beta of 1.22. The firm’s 50-day moving average price is $65.64 and its 200 day moving average price is $65.77.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 16th. The company reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by $0.02. The firm had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $311.76 million. EPAM Systems had a net margin of 9.23% and a return on equity of 12.66%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. On average, equities research analysts forecast that EPAM Systems, Inc. will post $2.85 EPS for the current year.

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EPAM Systems Company Profile

EPAM Systems, Inc (EPAM) is a provider of software engineering solutions and information technology services. The Company’s service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services.

5 Day Chart for NYSE:EPAM

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