Wall Street analysts expect PROS Holdings, Inc. (NYSE:PRO) to announce earnings of ($0.20) per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for PROS’s earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.19). PROS reported earnings per share of ($0.22) during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is expected to issue its next earnings results on Thursday, October 25th.
According to Zacks, analysts expect that PROS will report full-year earnings of ($0.74) per share for the current financial year, with EPS estimates ranging from ($0.77) to ($0.72). For the next financial year, analysts expect that the company will post earnings of ($0.53) per share, with EPS estimates ranging from ($0.65) to ($0.41). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover PROS.
PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, July 26th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.04. The company had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $46.30 million. PROS’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.22) EPS.
Several research firms have recently issued reports on PRO. Needham & Company LLC lifted their price target on PROS to $46.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 27th. KeyCorp reaffirmed a “buy” rating and issued a $45.00 price target on shares of PROS in a research report on Friday, July 27th. Northland Securities reissued a “buy” rating and issued a $45.00 target price on shares of PROS in a research report on Friday, July 27th. JPMorgan Chase & Co. boosted their target price on PROS from $38.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Finally, ValuEngine raised PROS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. PROS presently has an average rating of “Buy” and a consensus price target of $38.38.
Shares of PROS traded up $0.31, hitting $39.99, during trading hours on Friday, according to Marketbeat Ratings. The company had a trading volume of 119,311 shares, compared to its average volume of 158,863. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of -3.19. PROS has a 52-week low of $21.36 and a 52-week high of $41.10.
In other PROS news, CEO Andres Reiner sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $35.03, for a total value of $350,300.00. Following the completion of the transaction, the chief executive officer now owns 475,399 shares of the company’s stock, valued at approximately $16,653,226.97. The sale was disclosed in a legal filing with the SEC, which is available through this link. 15.40% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in shares of PROS by 8.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 34,011 shares of the software maker’s stock valued at $1,244,000 after purchasing an additional 2,671 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of PROS by 16.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 63,377 shares of the software maker’s stock valued at $2,317,000 after purchasing an additional 8,925 shares during the period. BlackRock Inc. grew its stake in shares of PROS by 7.9% during the 2nd quarter. BlackRock Inc. now owns 1,855,897 shares of the software maker’s stock valued at $67,873,000 after purchasing an additional 135,464 shares during the period. Chartwell Investment Partners LLC bought a new stake in shares of PROS during the 2nd quarter valued at about $2,208,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of PROS by 6.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 145,337 shares of the software maker’s stock valued at $5,315,000 after purchasing an additional 9,019 shares during the period.
PROS Company Profile
PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.
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