EPAM Systems (EPAM) Releases Q1 2019 Earnings Guidance
EPAM Systems (NYSE:EPAM) updated its first quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.16 for the period, compared to the Thomson Reuters consensus estimate of $1.18. The company issued revenue guidance of $518 million, compared to the consensus revenue estimate of $517.03 million.EPAM Systems also updated its FY 2019 guidance to $5.06 EPS.
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of EPAM Systems to $167.00 and gave the company an overweight rating in a report on Friday. VTB Capital lowered shares of EPAM Systems from a hold rating to a sell rating in a report on Friday. Zacks Investment Research upgraded shares of EPAM Systems from a hold rating to a strong-buy rating and set a $170.00 target price for the company in a report on Wednesday. Wedbush lifted their target price on shares of EPAM Systems from $150.00 to $158.00 and gave the company an outperform rating in a report on Wednesday. Finally, KeyCorp lifted their target price on shares of EPAM Systems from $144.00 to $164.00 and gave the company an overweight rating in a report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $148.60.
Shares of NYSE EPAM opened at $154.69 on Friday. EPAM Systems has a twelve month low of $104.77 and a twelve month high of $158.79. The company has a market capitalization of $8.35 billion, a P/E ratio of 54.28, a PEG ratio of 1.81 and a beta of 1.58. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.02.
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About EPAM Systems
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.
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