Pegasystems Inc. (PEGA) Set to Announce Earnings on Wednesday
Pegasystems Inc. (NASDAQ:PEGA) will issue its quarterly earnings data after the market closes on Wednesday, August 9th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.16. Pegasystems had a return on equity of 14.77% and a net margin of 5.26%. The firm had revenue of $223.20 million for the quarter, compared to analyst estimates of $200.52 million. During the same period in the prior year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts expect Pegasystems to post $0.68 EPS for the current fiscal year and $0.83 EPS for the next fiscal year.
Pegasystems Inc. (NASDAQ:PEGA) opened at 59.15 on Monday. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 108.53 and a beta of 1.46. The firm has a 50-day moving average price of $60.10 and a 200-day moving average price of $49.46. Pegasystems Inc. has a one year low of $24.71 and a one year high of $64.85.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Thursday, June 29th. Pegasystems’s dividend payout ratio (DPR) is presently 23.08%.
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Several equities analysts have recently weighed in on the company. BidaskClub cut Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday. Wedbush reiterated an “outperform” rating and issued a $50.00 price target (up from $46.00) on shares of Pegasystems in a research report on Tuesday, May 2nd. Zacks Investment Research cut Pegasystems from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. JMP Securities reiterated an “outperform” rating and issued a $63.00 price target (up from $55.00) on shares of Pegasystems in a research report on Wednesday, June 7th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $67.00 price target (up from $60.00) on shares of Pegasystems in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.00.
In related news, Director Richard H. Jones sold 19,600 shares of Pegasystems stock in a transaction on Monday, May 15th. The stock was sold at an average price of $55.65, for a total transaction of $1,090,740.00. Following the completion of the sale, the director now owns 569,769 shares of the company’s stock, valued at $31,707,644.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Efstathios A. Kouninis sold 581 shares of Pegasystems stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $59.40, for a total value of $34,511.40. Following the sale, the vice president now directly owns 843 shares of the company’s stock, valued at approximately $50,074.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,886 shares of company stock valued at $5,044,204. 53.61% of the stock is owned by company insiders.
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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