EPAM Systems (NYSE:EPAM – Get Free Report) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.21-$2.29 for the period, compared to the consensus earnings per share estimate of $2.44. The company issued revenue guidance of $1.135-$1.145 billion, compared to the consensus revenue estimate of $1.18 billion. EPAM Systems also updated its FY 2024 guidance to 10.000-10.300 EPS.
EPAM Systems Stock Performance
NYSE EPAM opened at $249.20 on Thursday. The stock has a market cap of $14.45 billion, a PE ratio of 35.25, a P/E/G ratio of 10.58 and a beta of 1.46. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. EPAM Systems has a twelve month low of $197.99 and a twelve month high of $317.50. The stock has a fifty day simple moving average of $271.04 and a 200-day simple moving average of $273.78.
EPAM Systems (NYSE:EPAM – Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.24. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business posted $2.71 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. Equities analysts anticipate that EPAM Systems will post 7.7 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on EPAM Systems
Insiders Place Their Bets
In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the transaction, the senior vice president now owns 12,117 shares in the company, valued at $3,707,802. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the transaction, the senior vice president now owns 12,117 shares in the company, valued at $3,707,802. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Balazs Fejes sold 3,470 shares of the firm’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 disclosure for this sale can be found here. Over the last quarter, insiders sold 16,820 shares of company stock worth $5,101,117. 4.30% of the stock is owned by corporate insiders.
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.
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