Analysts Expect Proofpoint Inc (NASDAQ:PFPT) Will Announce Earnings of $0.49 Per Share

Wall Street analysts expect that Proofpoint Inc (NASDAQ:PFPT) will announce earnings of $0.49 per share for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Proofpoint’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.51. Proofpoint posted earnings per share of $0.51 during the same quarter last year, which would indicate a negative year over year growth rate of 3.9%. The business is scheduled to report its next earnings results on Thursday, January 30th.

According to Zacks, analysts expect that Proofpoint will report full-year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.69 to $1.77. For the next financial year, analysts expect that the firm will post earnings of $2.01 per share, with EPS estimates ranging from $1.81 to $2.44. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Proofpoint.

Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, October 24th. The software maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. Proofpoint had a negative net margin of 14.56% and a negative return on equity of 10.85%. The business had revenue of $227.40 million during the quarter, compared to analysts’ expectations of $224.32 million. During the same period last year, the business earned $0.40 earnings per share. The firm’s revenue was up 23.5% on a year-over-year basis.

A number of equities analysts have commented on PFPT shares. Piper Jaffray Companies started coverage on shares of Proofpoint in a research report on Friday, November 8th. They set an “overweight” rating and a $155.00 price objective for the company. Morgan Stanley reduced their price objective on shares of Proofpoint from $148.00 to $146.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Proofpoint in a research report on Monday, October 21st. BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Wells Fargo & Co reduced their price objective on shares of Proofpoint from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $141.39.

PFPT stock traded down $0.09 during midday trading on Friday, reaching $117.94. 301,800 shares of the company were exchanged, compared to its average volume of 614,377. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.93 and a quick ratio of 1.93. The business has a 50-day moving average price of $121.90 and a two-hundred day moving average price of $120.03. Proofpoint has a one year low of $78.69 and a one year high of $133.58. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of -102.56 and a beta of 1.60.

In other news, CEO Gary Steele sold 20,000 shares of Proofpoint stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $124.80, for a total transaction of $2,496,000.00. Following the completion of the sale, the chief executive officer now owns 95,148 shares of the company’s stock, valued at $11,874,470.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Knight sold 2,500 shares of Proofpoint stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $118.11, for a total value of $295,275.00. Following the sale, the executive vice president now directly owns 7,328 shares of the company’s stock, valued at approximately $865,510.08. The disclosure for this sale can be found here. Insiders have sold 50,557 shares of company stock valued at $6,412,649 in the last three months. Insiders own 2.93% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Quest Capital Management Inc. ADV acquired a new position in Proofpoint in the third quarter valued at about $28,000. Robeco Institutional Asset Management B.V. acquired a new position in Proofpoint in the third quarter valued at about $32,000. Steward Partners Investment Advisory LLC raised its stake in Proofpoint by 714.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 456 shares of the software maker’s stock valued at $58,000 after purchasing an additional 400 shares in the last quarter. Ashburton Jersey Ltd acquired a new position in Proofpoint in the second quarter valued at about $60,000. Finally, AlphaOne Investment Services LLC acquired a new position in Proofpoint in the second quarter valued at about $72,000. 98.27% of the stock is owned by institutional investors and hedge funds.

Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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