Equities analysts forecast that Pegasystems Inc. (NASDAQ:PEGA) will announce earnings of ($0.06) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Pegasystems’ earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.03). Pegasystems posted earnings of $0.04 per share during the same quarter last year, which indicates a negative year over year growth rate of 250%. The business is expected to announce its next quarterly earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that Pegasystems will report full year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.11) to $0.03. For the next year, analysts anticipate that the company will post earnings of $0.42 per share, with EPS estimates ranging from $0.24 to $0.59. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Pegasystems.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.17). Pegasystems had a negative net margin of 5.95% and a negative return on equity of 9.39%. The company had revenue of $205.60 million for the quarter, compared to analysts’ expectations of $203.16 million. Pegasystems’s revenue was up 4.5% compared to the same quarter last year.
PEGA has been the topic of several research analyst reports. Zacks Investment Research upgraded Pegasystems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Wedbush raised their price objective on shares of Pegasystems from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, BidaskClub lowered shares of Pegasystems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $80.20.
In other Pegasystems news, SVP Leon Trefler sold 772 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $71.95, for a total value of $55,545.40. Following the completion of the sale, the senior vice president now owns 12,710 shares of the company’s stock, valued at $914,484.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard H. Jones sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $70.83, for a total transaction of $212,490.00. The disclosure for this sale can be found here. Insiders have sold a total of 28,448 shares of company stock valued at $2,062,287 in the last three months. Company insiders own 52.37% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors bought a new stake in shares of Pegasystems during the second quarter valued at about $32,000. Cutler Group LP bought a new stake in Pegasystems during the 2nd quarter valued at approximately $43,000. Steward Partners Investment Advisory LLC bought a new stake in Pegasystems during the 2nd quarter valued at approximately $53,000. Tower Research Capital LLC TRC raised its stake in Pegasystems by 352.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the technology company’s stock valued at $70,000 after purchasing an additional 761 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Pegasystems by 1,102.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,094 shares of the technology company’s stock worth $78,000 after acquiring an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 46.48% of the company’s stock.
Shares of NASDAQ PEGA opened at $71.55 on Friday. The business has a 50-day moving average of $70.74 and a 200-day moving average of $70.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.72. Pegasystems has a 12 month low of $43.21 and a 12 month high of $79.67.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Monday, September 30th.
Pegasystems Company Profile
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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