$0.26 Earnings Per Share Expected for Pegasystems (PEGA) This Quarter

Equities analysts expect Pegasystems (NASDAQ:PEGA) to post earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Pegasystems’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.27. Pegasystems posted earnings of $0.15 per share during the same quarter last year, which indicates a positive year over year growth rate of 73.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 8th.

On average, analysts expect that Pegasystems will report full-year earnings of $1.21 per share for the current fiscal year, with EPS estimates ranging from $1.19 to $1.25. For the next financial year, analysts anticipate that the business will report earnings of $1.47 per share, with EPS estimates ranging from $1.32 to $1.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Pegasystems.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Thursday, May 10th. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). The business had revenue of $235.18 million during the quarter, compared to analyst estimates of $228.97 million. Pegasystems had a return on equity of 9.68% and a net margin of 3.92%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS.

Several research firms have issued reports on PEGA. BidaskClub lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Benchmark lifted their price target on shares of Pegasystems from $67.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, March 12th. Wedbush reiterated an “outperform” rating and set a $61.85 price objective (down from $73.00) on shares of Pegasystems in a research report on Friday, March 16th. Finally, TheStreet upgraded shares of Pegasystems from a “c+” rating to a “b” rating in a research report on Wednesday, March 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $64.98.

Pegasystems stock traded up $1.85 during mid-day trading on Tuesday, hitting $65.05. The company’s stock had a trading volume of 1,282,481 shares, compared to its average volume of 435,229. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 295.68, a price-to-earnings-growth ratio of 11.70 and a beta of 1.08. Pegasystems has a twelve month low of $45.40 and a twelve month high of $67.95.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Monday, April 2nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend was Thursday, March 29th. Pegasystems’s payout ratio is 54.55%.

In other Pegasystems news, CFO Kenneth Stillwell sold 1,294 shares of Pegasystems stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $55.68, for a total transaction of $72,049.92. Following the transaction, the chief financial officer now directly owns 3,500 shares in the company, valued at approximately $194,880. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Efstathios A. Kouninis sold 912 shares of Pegasystems stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $59.37, for a total transaction of $54,145.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,121 shares of company stock worth $1,648,327. Corporate insiders own 53.61% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Pegasystems by 0.6% during the 1st quarter. BlackRock Inc. now owns 2,398,718 shares of the technology company’s stock valued at $145,481,000 after buying an additional 14,682 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Pegasystems by 8.0% during the 4th quarter. Eagle Asset Management Inc. now owns 1,174,179 shares of the technology company’s stock valued at $55,454,000 after buying an additional 87,175 shares during the period. Carillon Tower Advisers Inc. acquired a new stake in shares of Pegasystems during the 4th quarter valued at $48,796,000. Standard Life Aberdeen plc boosted its stake in shares of Pegasystems by 31.6% during the 4th quarter. Standard Life Aberdeen plc now owns 993,088 shares of the technology company’s stock valued at $46,849,000 after buying an additional 238,314 shares during the period. Finally, Ranger Investment Management L.P. boosted its stake in shares of Pegasystems by 26.9% during the 4th quarter. Ranger Investment Management L.P. now owns 965,692 shares of the technology company’s stock valued at $45,532,000 after buying an additional 204,711 shares during the period. Hedge funds and other institutional investors own 48.51% of the company’s stock.

About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.

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