EPAM Systems (NYSE:EPAM) Announces Earnings Results, Misses Estimates By $0.52 EPS

EPAM Systems (NYSE:EPAM - Get Free Report) issued its quarterly earnings data on Thursday. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52), Zacks reports. EPAM Systems had a net margin of 9.68% and a return on equity of 14.92%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems updated its FY 2025 guidance to 10.450-10.750 EPS and its Q1 2025 guidance to 2.220-2.320 EPS.

EPAM Systems Stock Performance

EPAM stock traded down $16.09 during mid-day trading on Friday, reaching $208.98. The company had a trading volume of 1,694,396 shares, compared to its average volume of 603,753. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $11.85 billion, a P/E ratio of 27.14, a P/E/G ratio of 3.88 and a beta of 1.51. EPAM Systems has a one year low of $169.43 and a one year high of $317.50. The stock's 50-day simple moving average is $243.56 and its two-hundred day simple moving average is $222.23.

Analyst Ratings Changes

Several brokerages have issued reports on EPAM. Citigroup increased their price objective on shares of EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Susquehanna raised their price target on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a "positive" rating in a research report on Friday, November 8th. Barclays raised shares of EPAM Systems from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Jefferies Financial Group decreased their price target on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Finally, Morgan Stanley raised their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $269.83.

Insider Buying and Selling at EPAM Systems

In related news, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The stock was 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 directly owns 13,000 shares of the company's stock, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is owned by insiders.

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.