Progress Software Corporation (NASDAQ:PRGS) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, September 27th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Progress Software Corporation has set its Q3 guidance at $0.41-$0.43 EPS and its FY17 guidance at $1.73-$1.78 EPS.

Progress Software Corporation (NASDAQ:PRGS) last issued its quarterly earnings results on Wednesday, June 28th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.05. The firm had revenue of $93.20 million for the quarter, compared to the consensus estimate of $91.53 million. Progress Software Corporation had a negative net margin of 13.96% and a positive return on equity of 18.10%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 EPS. On average, analysts expect Progress Software Corporation to post $1.78 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.

Progress Software Corporation (PRGS) opened at 37.71 on Wednesday. The stock has a 50 day moving average of $33.44 and a 200-day moving average of $30.75. The firm’s market cap is $1.82 billion. Progress Software Corporation has a 12 month low of $25.55 and a 12 month high of $38.51.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.14 dividend. This is a boost from Progress Software Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.49%. Progress Software Corporation’s dividend payout ratio (DPR) is currently -42.74%.

Several research analysts have recently issued reports on the stock. Wedbush restated a “neutral” rating and issued a $32.00 target price on shares of Progress Software Corporation in a report on Monday. Zacks Investment Research cut shares of Progress Software Corporation from a “buy” rating to a “hold” rating in a report on Saturday. Benchmark Co. restated a “buy” rating and issued a $42.00 target price (up previously from $34.00) on shares of Progress Software Corporation in a report on Wednesday, September 13th. BidaskClub upgraded shares of Progress Software Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Finally, TheStreet upgraded shares of Progress Software Corporation from a “c+” rating to a “b” rating in a report on Wednesday, June 28th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.25.

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Progress Software Corporation Company Profile

Progress Software Corporation is engaged in application development. The Company operates through three segments: OpenEdge, Data Connectivity and Integration (DCI), and Application Development and Deployment (AppDev). The OpenEdge business segment provides the product enhancements and marketing support to its partner base.

Earnings History for Progress Software Corporation (NASDAQ:PRGS)

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