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

EPAM Systems (NYSE:EPAM - Get Free Report) released its quarterly earnings data on Thursday. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52), Zacks reports. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a return on equity of 14.92% and a net margin of 9.68%. 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 Down 7.2 %

Shares of EPAM 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 debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The firm has a 50-day moving average price of $243.56 and a 200 day moving average price of $222.23. EPAM Systems has a 52 week low of $169.43 and a 52 week high of $317.50. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.88 and a beta of 1.51.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EPAM shares. Scotiabank raised EPAM Systems from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $245.00 to $275.00 in a research note on Monday, November 11th. Itau BBA Securities raised EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research note on Friday, November 8th. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday. Citigroup raised their target price on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Finally, Morgan Stanley raised their target price on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $269.83.

Insider Transactions at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the transaction, the chief financial officer now owns 24,372 shares of the company's stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,300 shares of company stock valued at $2,129,924 in the last ninety days. 4.30% of the stock is currently owned by corporate 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.