PROS Holdings, Inc. (PRO) Expected to Announce Quarterly Sales of $44.78 Million

Equities research analysts expect PROS Holdings, Inc. (NYSE:PRO) to announce sales of $44.78 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for PROS’s earnings. The highest sales estimate is $45.45 million and the lowest is $44.24 million. PROS posted sales of $39.93 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.1%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, February 6th.

According to Zacks, analysts expect that PROS will report full year sales of $44.78 million for the current fiscal year, with estimates ranging from $166.71 million to $167.92 million. For the next financial year, analysts forecast that the firm will post sales of $186.13 million per share, with estimates ranging from $185.86 million to $186.46 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for PROS.

PROS (NYSE:PRO) last announced its quarterly earnings results on Thursday, October 26th. The software maker reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. The company had revenue of $41.94 million during the quarter, compared to analysts’ expectations of $41.07 million. During the same period last year, the firm earned ($0.19) earnings per share. PROS’s revenue was up 9.3% on a year-over-year basis.

A number of research analysts have commented on PRO shares. Zacks Investment Research lowered shares of PROS from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Needham & Company LLC upgraded shares of PROS from a “buy” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Monday, December 11th. ValuEngine lowered shares of PROS from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $28.00 price objective on shares of PROS in a research note on Sunday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. PROS presently has an average rating of “Buy” and an average price target of $31.60.

Shares of PROS (PRO) traded up $0.88 on Friday, reaching $28.66. 188,703 shares of the company were exchanged, compared to its average volume of 225,889. PROS has a 52-week low of $20.34 and a 52-week high of $30.49. The stock has a market capitalization of $914.45, a PE ratio of -11.28 and a beta of 1.52. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of -5.94.

A number of hedge funds and other institutional investors have recently bought and sold shares of PRO. Daruma Capital Management LLC increased its stake in PROS by 2,559.7% in the second quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock valued at $38,784,000 after purchasing an additional 1,362,746 shares during the period. FMR LLC acquired a new position in PROS in the second quarter valued at $13,853,000. Riverbridge Partners LLC increased its stake in PROS by 20.2% in the third quarter. Riverbridge Partners LLC now owns 2,606,271 shares of the software maker’s stock valued at $62,889,000 after purchasing an additional 437,522 shares during the period. DF Dent & Co. Inc. increased its stake in PROS by 16.6% in the third quarter. DF Dent & Co. Inc. now owns 2,702,800 shares of the software maker’s stock valued at $65,219,000 after purchasing an additional 385,329 shares during the period. Finally, Conestoga Capital Advisors LLC increased its stake in PROS by 10.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,664,246 shares of the software maker’s stock valued at $40,158,000 after purchasing an additional 160,585 shares during the period. Institutional investors own 93.27% of the company’s stock.

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About PROS

PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.

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