EPAM Systems (NYSE:EPAM) Releases Quarterly Earnings Results, Misses Expectations By $0.52 EPS

EPAM Systems (NYSE:EPAM) released its quarterly earnings data on Thursday. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52), Zacks reports. EPAM Systems had a net margin of 9.68% and a return on equity of 14.92%. EPAM Systems updated its FY 2025 guidance to 10.450-10.750 EPS and its Q1 2025 guidance to 2.220-2.320 EPS.

EPAM Systems Price Performance

EPAM traded down $33.99 during trading on Thursday, reaching $224.12. 955,022 shares of the company were exchanged, compared to its average volume of 528,904. The company’s 50-day moving average is $244.77 and its two-hundred day moving average is $222.16. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 3.92 and a beta of 1.51. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $317.50.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the transaction, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. This represents a 1.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,300 shares of company stock valued at $2,129,924. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Piper Sandler upped their price target on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Citigroup upped their price target on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Jefferies Financial Group decreased their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems has a consensus rating of “Moderate Buy” and a consensus price target of $269.83.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.