Equities research analysts expect PROS Holdings, Inc. (NYSE:PRO) to report ($0.08) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for PROS’s earnings. PROS reported earnings of ($0.06) per share during the same quarter last year, which would suggest a negative year over year growth rate of 33.3%. The business is expected to report its next earnings results on Thursday, February 6th.
On average, analysts expect that PROS will report full-year earnings of ($0.34) per share for the current financial year, with EPS estimates ranging from ($0.40) to ($0.32). For the next financial year, analysts forecast that the firm will post earnings of ($0.18) per share, with EPS estimates ranging from ($0.29) to ($0.08). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that cover PROS.
PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, October 24th. The software maker reported ($0.21) EPS for the quarter, hitting analysts’ consensus estimates of ($0.21). PROS had a negative net margin of 27.26% and a negative return on equity of 41.04%. The business had revenue of $64.20 million for the quarter, compared to analyst estimates of $63.32 million. During the same period last year, the firm earned ($0.13) earnings per share. PROS’s revenue for the quarter was up 30.8% compared to the same quarter last year.
Several research analysts have recently commented on PRO shares. Zacks Investment Research cut shares of PROS from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Northland Securities reiterated a “buy” rating and issued a $72.00 price target on shares of PROS in a research note on Friday, October 25th. JPMorgan Chase & Co. cut PROS from an “overweight” rating to a “neutral” rating and cut their price target for the company from $78.00 to $65.00 in a research note on Friday, October 25th. ValuEngine downgraded PROS from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Craig Hallum lowered their price objective on PROS to $80.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $71.91.
NYSE PRO traded down $0.50 during trading on Friday, reaching $60.01. The company’s stock had a trading volume of 201,775 shares, compared to its average volume of 395,759. The firm has a 50 day moving average price of $56.05 and a 200 day moving average price of $62.18. PROS has a 12 month low of $28.67 and a 12 month high of $75.39. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -55.06 and a beta of 1.14. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.85.
In related news, CEO Andres Reiner sold 23,595 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $50.62, for a total transaction of $1,194,378.90. Following the sale, the chief executive officer now owns 697,072 shares in the company, valued at approximately $35,285,784.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stefan B. Schulz sold 11,250 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $60.35, for a total transaction of $678,937.50. Following the sale, the chief financial officer now owns 208,706 shares in the company, valued at approximately $12,595,407.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,632 shares of company stock worth $4,046,112. Insiders own 13.70% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of PROS by 85.7% in the 3rd quarter. Barclays PLC now owns 41,228 shares of the software maker’s stock valued at $2,458,000 after purchasing an additional 19,024 shares in the last quarter. Columbus Circle Investors acquired a new position in shares of PROS during the 2nd quarter worth $6,396,000. Brown Capital Management LLC raised its holdings in shares of PROS by 15.9% during the 2nd quarter. Brown Capital Management LLC now owns 6,479,054 shares of the software maker’s stock worth $409,865,000 after buying an additional 888,018 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of PROS during the 3rd quarter worth $1,614,000. Finally, Millennium Management LLC lifted its position in shares of PROS by 347.0% during the 3rd quarter. Millennium Management LLC now owns 255,985 shares of the software maker’s stock worth $15,256,000 after buying an additional 198,720 shares during the last quarter. 95.68% of the stock is currently owned by institutional investors and hedge funds.
PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.
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