Progress Software (NASDAQ:PRGS – Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, September 24th. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Progress Software (NASDAQ:PRGS – Get Free Report) last released its quarterly earnings results on Tuesday, June 25th. The software maker reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.13. The business had revenue of $175.08 million for the quarter, compared to analysts’ expectations of $168.60 million. Progress Software had a net margin of 10.29% and a return on equity of 36.88%. On average, analysts expect Progress Software to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Progress Software Stock Performance
Shares of PRGS stock opened at $58.16 on Tuesday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 35.46, a PEG ratio of 7.33 and a beta of 0.91. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 1.98. The firm’s 50 day moving average is $56.81 and its 200 day moving average is $53.37. Progress Software has a 12 month low of $48.00 and a 12 month high of $60.33.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on PRGS
Insider Activity at Progress Software
In related news, EVP Loren Jarrett sold 9,961 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $55.98, for a total transaction of $557,616.78. Following the sale, the executive vice president now directly owns 13,406 shares in the company, valued at approximately $750,467.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Loren Jarrett sold 9,961 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $55.98, for a total transaction of $557,616.78. Following the completion of the transaction, the executive vice president now owns 13,406 shares in the company, valued at approximately $750,467.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ian Pitt sold 584 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $55.00, for a total value of $32,120.00. Following the transaction, the insider now owns 3,167 shares of the company’s stock, valued at approximately $174,185. The disclosure for this sale can be found here. Insiders have sold a total of 13,763 shares of company stock valued at $765,004 over the last quarter. Insiders own 3.40% of the company’s stock.
About Progress Software
Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.
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