Brokerages expect Pegasystems Inc. (NASDAQ:PEGA) to post earnings of $0.05 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Pegasystems’ earnings. The lowest EPS estimate is $0.00 and the highest is $0.14. Pegasystems reported earnings per share of ($0.12) during the same quarter last year, which suggests a positive year-over-year growth rate of 141.7%. The firm is expected to report its next earnings report on Tuesday, May 5th.
On average, analysts expect that Pegasystems will report full-year earnings of $0.17 per share for the current year, with EPS estimates ranging from $0.15 to $0.19. For the next year, analysts expect that the business will report earnings of $0.53 per share, with EPS estimates ranging from $0.46 to $0.57. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Pegasystems.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.18). Pegasystems had a negative net margin of 9.92% and a negative return on equity of 17.78%. The firm had revenue of $276.54 million during the quarter, compared to analyst estimates of $290.22 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year.
Shares of NASDAQ PEGA traded up $3.86 during trading on Friday, reaching $74.94. The stock had a trading volume of 441,100 shares, compared to its average volume of 419,766. Pegasystems has a fifty-two week low of $38.01 and a fifty-two week high of $103.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 1.34. The business’s 50-day moving average price is $85.10 and its 200-day moving average price is $79.06. The company has a market cap of $5.66 billion, a P/E ratio of -65.17 and a beta of 1.07.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be issued a $0.03 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.16%. Pegasystems’s dividend payout ratio (DPR) is presently -9.60%.
In related news, Director Richard H. Jones sold 14,000 shares of Pegasystems stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $80.09, for a total value of $1,121,260.00. Following the completion of the transaction, the director now directly owns 299,544 shares in the company, valued at $23,990,478.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 52.37% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. TPG Group Holdings SBS Advisors Inc. lifted its holdings in Pegasystems by 23.7% during the 3rd quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,065,711 shares of the technology company’s stock worth $140,572,000 after buying an additional 395,247 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Pegasystems during the 3rd quarter worth about $122,000. Credit Suisse AG lifted its holdings in Pegasystems by 1.7% during the 4th quarter. Credit Suisse AG now owns 35,187 shares of the technology company’s stock worth $2,803,000 after buying an additional 581 shares during the last quarter. Amalgamated Bank lifted its holdings in Pegasystems by 5.9% during the 4th quarter. Amalgamated Bank now owns 10,264 shares of the technology company’s stock worth $818,000 after buying an additional 574 shares during the last quarter. Finally, State Street Corp lifted its holdings in Pegasystems by 1.3% during the 3rd quarter. State Street Corp now owns 520,539 shares of the technology company’s stock worth $35,438,000 after buying an additional 6,716 shares during the last quarter. Hedge funds and other institutional investors own 47.32% of the company’s stock.
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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