-$0.11 EPS Expected for Pegasystems Inc. (PEGA) This Quarter

Equities analysts expect Pegasystems Inc. (NASDAQ:PEGA) to announce earnings of ($0.11) per share for the current quarter, Zacks reports. Three analysts have provided estimates for Pegasystems’ earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.19). The company is expected to issue its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that Pegasystems will report full-year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from ($0.06) to $0.14. For the next year, analysts forecast that the business will report earnings of $0.34 per share, with EPS estimates ranging from $0.21 to $0.59. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Pegasystems.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.24). Pegasystems had a negative return on equity of 4.85% and a negative net margin of 3.49%. The firm had revenue of $212.50 million during the quarter, compared to analysts’ expectations of $237.63 million. During the same period last year, the business posted $0.24 EPS. The company’s revenue was down 9.7% compared to the same quarter last year.

PEGA has been the subject of several analyst reports. Zacks Investment Research downgraded Pegasystems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 14th. TheStreet downgraded Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Wedbush restated an “outperform” rating and issued a $90.00 target price (up previously from $84.00) on shares of Pegasystems in a research note on Wednesday, May 8th. They noted that the move was a valuation call. BidaskClub upgraded Pegasystems from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. Finally, Benchmark restated a “buy” rating and issued a $80.00 target price (up previously from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.20.

PEGA traded up $0.21 during trading hours on Thursday, hitting $69.89. The stock had a trading volume of 33,627 shares, compared to its average volume of 358,143. Pegasystems has a 1 year low of $43.21 and a 1 year high of $76.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.86 and a quick ratio of 1.86.

In other news, SVP Douglas I. Kra sold 3,498 shares of Pegasystems stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $72.02, for a total transaction of $251,925.96. Following the completion of the sale, the senior vice president now owns 39,280 shares in the company, valued at approximately $2,828,945.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard H. Jones sold 25,000 shares of Pegasystems stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $64.89, for a total value of $1,622,250.00. Following the sale, the director now owns 297,537 shares of the company’s stock, valued at approximately $19,307,175.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,277 shares of company stock valued at $3,385,775. Corporate insiders own 52.85% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its stake in Pegasystems by 8.6% in the 1st quarter. FMR LLC now owns 1,080,075 shares of the technology company’s stock worth $70,205,000 after purchasing an additional 85,576 shares during the period. BlueMountain Capital Management LLC purchased a new position in Pegasystems in the 1st quarter worth approximately $164,000. North Run Capital LP purchased a new position in Pegasystems in the 1st quarter worth approximately $9,263,000. Zebra Capital Management LLC purchased a new position in Pegasystems in the 1st quarter worth approximately $262,000. Finally, Luxor Capital Group LP increased its stake in Pegasystems by 48.0% in the 1st quarter. Luxor Capital Group LP now owns 2,863,532 shares of the technology company’s stock worth $186,130,000 after purchasing an additional 929,282 shares during the period. Hedge funds and other institutional investors own 46.29% of the company’s stock.

About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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Earnings History and Estimates for Pegasystems (NASDAQ:PEGA)

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