Pegasystems Inc. (PEGA) Scheduled to Post Earnings on Wednesday
Pegasystems Inc. (NASDAQ:PEGA) will announce its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.
Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.04). Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The firm had revenue of $197.98 million during the quarter, compared to the consensus estimate of $205.06 million. During the same period in the previous year, the company posted $0.19 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts expect Pegasystems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Pegasystems Inc. (NASDAQ:PEGA) traded down $0.10 on Monday, hitting $57.75. 7,313 shares of the stock traded hands, compared to its average volume of 249,082. Pegasystems Inc. has a fifty-two week low of $30.98 and a fifty-two week high of $64.85. The company has a market cap of $4,462.67, a price-to-earnings ratio of 101.49 and a beta of 1.35.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.21%. Pegasystems’s payout ratio is presently 19.67%.
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In related news, SVP Douglas I. Kra sold 1,189 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $57.82, for a total value of $68,747.98. Following the sale, the senior vice president now directly owns 25,668 shares in the company, valued at $1,484,123.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Efstathios A. Kouninis sold 448 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $56.51, for a total value of $25,316.48. Following the sale, the vice president now owns 585 shares in the company, valued at $33,058.35. The disclosure for this sale can be found here. Insiders sold 18,395 shares of company stock valued at $1,039,104 in the last 90 days. Company insiders own 53.61% of the company’s stock.
PEGA has been the subject of several analyst reports. BidaskClub cut shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Pegasystems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday, July 19th. Finally, Mitsubishi UFJ Financial Group set a $57.00 target price on Pegasystems and gave the stock a “buy” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $63.00.
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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