Pegasystems (PEGA) Set to Announce Quarterly Earnings on Wednesday

Pegasystems (NASDAQ:PEGA) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Pegasystems has set its FY24 guidance at $2.75 EPS and its FY 2024 guidance at 2.750-2.750 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.64. Pegasystems had a return on equity of 39.30% and a net margin of 4.73%. The company had revenue of $474.23 million during the quarter, compared to analyst estimates of $428.76 million. On average, analysts expect Pegasystems to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pegasystems Price Performance

Shares of Pegasystems stock opened at $58.16 on Tuesday. The stock has a 50 day moving average of $62.71 and a 200 day moving average of $52.79. Pegasystems has a 12 month low of $37.66 and a 12 month high of $69.26. The firm has a market cap of $4.88 billion, a PE ratio of 81.92 and a beta of 1.06. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.41.

Pegasystems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, March 28th. Pegasystems’s payout ratio is 16.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PEGA shares. Royal Bank of Canada raised their price objective on Pegasystems from $65.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Pegasystems in a research note on Wednesday, April 10th. The Goldman Sachs Group raised their price objective on Pegasystems from $50.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Barclays lowered their price objective on Pegasystems from $68.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Pegasystems in a research note on Monday, March 4th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.56.

Insider Buying and Selling

In related news, CAO Efstathios A. Kouninis sold 395 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $64.75, for a total transaction of $25,576.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Pegasystems news, Director Richard H. Jones sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $63.39, for a total transaction of $633,900.00. Following the transaction, the director now directly owns 379,658 shares in the company, valued at approximately $24,066,520.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Efstathios A. Kouninis sold 395 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $64.75, for a total value of $25,576.25. The disclosure for this sale can be found here. In the last three months, insiders sold 43,792 shares of company stock valued at $2,781,669. Insiders own 50.20% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.