Pegasystems Inc. (NASDAQ:PEGA) Expected to Announce Earnings of -$0.14 Per Share

Brokerages predict that Pegasystems Inc. (NASDAQ:PEGA) will report ($0.14) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Pegasystems’ earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.19). The firm is scheduled to issue its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that Pegasystems will report full year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.06 to $0.14. For the next fiscal year, analysts anticipate that the company will post earnings of $0.40 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 sell-side analysts that cover Pegasystems.

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

A number of analysts have recently commented on PEGA shares. Wedbush reiterated an “outperform” rating and issued a $84.00 price target (up from $80.00) on shares of Pegasystems in a research note on Wednesday, February 27th. UBS Group lifted their price target on shares of Pegasystems to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. BidaskClub upgraded shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 27th. Zacks Investment Research lowered shares of Pegasystems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 14th. Finally, TheStreet lowered shares of Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $79.20.

Shares of PEGA stock opened at $73.34 on Friday. Pegasystems has a 52 week low of $43.21 and a 52 week 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.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.03 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%.

In related news, SVP Douglas I. Kra sold 3,498 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were 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 directly owns 39,280 shares in the company, valued at $2,828,945.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Douglas I. Kra sold 1,609 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $71.40, for a total transaction of $114,882.60. Following the sale, the senior vice president now owns 37,923 shares of the company’s stock, valued at $2,707,702.20. The disclosure for this sale can be found here. Insiders sold 26,427 shares of company stock valued at $1,891,636 over the last quarter. Company insiders own 52.85% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC grew its position in Pegasystems by 542.2% during the first quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock valued at $27,000 after buying an additional 347 shares during the period. Lloyds Banking Group plc bought a new stake in Pegasystems during the fourth quarter valued at approximately $65,000. Dubuque Bank & Trust Co. bought a new stake in Pegasystems during the first quarter valued at approximately $212,000. SG Americas Securities LLC grew its position in Pegasystems by 17.9% during the fourth quarter. SG Americas Securities LLC now owns 4,159 shares of the technology company’s stock valued at $199,000 after buying an additional 631 shares during the period. Finally, NumerixS Investment Technologies Inc bought a new stake in Pegasystems during the first quarter valued at approximately $270,000. Institutional investors own 46.28% 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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