Zacks: Analysts Expect PROS Holdings, Inc. (PRO) Will Announce Quarterly Sales of $44.78 Million
Wall Street brokerages predict that PROS Holdings, Inc. (NYSE:PRO) will announce sales of $44.78 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for PROS Holdings’ earnings. The lowest sales estimate is $44.24 million and the highest is $45.45 million. PROS Holdings reported sales of $39.93 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 6th.
On average, analysts expect that PROS Holdings will report full year sales of $44.78 million for the current financial year, with estimates ranging from $166.71 million to $167.92 million. For the next financial year, analysts anticipate that the firm will report sales of $186.13 million per share, with estimates ranging from $185.86 million to $186.46 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow PROS Holdings.
PROS Holdings (NYSE:PRO) last issued its quarterly earnings results on Thursday, October 26th. The software maker reported ($0.22) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.01. The firm had revenue of $41.94 million for the quarter, compared to analyst estimates of $41.07 million. PROS Holdings had a negative net margin of 48.93% and a negative return on equity of 2,114.05%. PROS Holdings’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted ($0.19) EPS.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of PROS Holdings from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $35.00 target price on shares of PROS Holdings in a research note on Tuesday, October 24th. ValuEngine lowered shares of PROS Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $28.00 target price on shares of PROS Holdings in a research note on Sunday, October 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.33.
Shares of PROS Holdings (NYSE PRO) traded up $0.47 during trading on Wednesday, reaching $23.90. 206,672 shares of the company were exchanged, compared to its average volume of 246,686. PROS Holdings has a 1 year low of $20.34 and a 1 year high of $30.49. The company has a debt-to-equity ratio of -5.94, a quick ratio of 2.08 and a current ratio of 2.08.
In other news, CEO Andres Reiner sold 8,175 shares of PROS Holdings stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $26.12, for a total transaction of $213,531.00. Following the sale, the chief executive officer now owns 415,815 shares of the company’s stock, valued at approximately $10,861,087.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald F. Woestemeyer sold 50,000 shares of PROS Holdings stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $25.51, for a total transaction of $1,275,500.00. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of PRO. ETF Managers Group LLC acquired a new stake in PROS Holdings in the 2nd quarter valued at approximately $110,000. Bank of Montreal Can increased its holdings in PROS Holdings by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock valued at $121,000 after purchasing an additional 59 shares during the last quarter. Legal & General Group Plc increased its holdings in PROS Holdings by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock valued at $172,000 after purchasing an additional 199 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in PROS Holdings in the 2nd quarter valued at approximately $359,000. Finally, American International Group Inc. increased its holdings in PROS Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 15,507 shares of the software maker’s stock valued at $375,000 after purchasing an additional 1,021 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.
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PROS Holdings Company Profile
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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