Zacks: Analysts Anticipate Pegasystems Inc. (NASDAQ:PEGA) Will Announce Earnings of $0.05 Per Share

Wall Street analysts expect Pegasystems Inc. (NASDAQ:PEGA) to post $0.05 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Pegasystems’ earnings, with estimates ranging from $0.00 to $0.14. Pegasystems reported earnings per share of ($0.12) in the same quarter last year, which indicates a positive year over year growth rate of 141.7%. The company is scheduled to report its next earnings results on Tuesday, May 5th.

According to Zacks, 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 financial year, analysts forecast that the company will post earnings of $0.53 per share, with EPS estimates ranging from $0.46 to $0.57. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Pegasystems.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.19 EPS 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 company had revenue of $276.54 million for the quarter, compared to analyst estimates of $290.22 million. During the same quarter in the prior year, the business earned $0.32 EPS. Pegasystems’s revenue was up 7.9% compared to the same quarter last year.

Several research analysts have issued reports on the stock. ValuEngine upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Tuesday, March 17th. KeyCorp lifted their price target on shares of Pegasystems from $106.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Wedbush decreased their price target on shares of Pegasystems from $116.00 to $103.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Zacks Investment Research lowered shares of Pegasystems from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Finally, BidaskClub upgraded shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $96.71.

In other Pegasystems news, Director Richard H. Jones sold 14,000 shares of Pegasystems stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $80.09, for a total value of $1,121,260.00. Following the transaction, the director now 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 this link. Insiders own 52.37% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. TPG Group Holdings SBS Advisors Inc. grew its position 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 purchasing an additional 395,247 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Pegasystems during the 3rd quarter worth approximately $122,000. Credit Suisse AG grew its position 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 purchasing an additional 581 shares in the last quarter. Amalgamated Bank grew its position 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 purchasing an additional 574 shares in the last quarter. Finally, State Street Corp grew its position 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 purchasing an additional 6,716 shares in the last quarter. Hedge funds and other institutional investors own 47.32% of the company’s stock.

Shares of NASDAQ PEGA traded up $3.86 during mid-day trading on Friday, reaching $74.94. 441,100 shares of the company traded hands, 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 current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $5.66 billion, a PE ratio of -65.17 and a beta of 1.07. The stock has a fifty day simple moving average of $85.10 and a 200-day simple moving average of $79.06.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.12 annualized dividend and a yield of 0.16%. Pegasystems’s dividend payout ratio (DPR) is -9.60%.

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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