EPAM Systems (EPAM) to Release Quarterly Earnings on Thursday

EPAM Systems (NYSE:EPAM) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $2.75 per share and revenue of $1.21 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

EPAM Systems Stock Performance

NYSE:EPAM opened at $264.91 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 3.96 and a beta of 1.51. The company’s 50-day moving average is $243.13 and its two-hundred day moving average is $220.37. EPAM Systems has a 1-year low of $169.43 and a 1-year high of $317.50.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares of the company’s stock, valued at $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,300 shares of company stock worth $2,129,924. Company insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EPAM shares. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Citigroup upped their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. Morgan Stanley increased their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Mizuho increased their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $269.83.

EPAM Systems Company Profile

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.