Progress Software (NASDAQ:PRGS – Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, September 24th. Analysts expect Progress Software to post earnings of $1.14 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Progress Software (NASDAQ:PRGS – Get Free Report) last announced its quarterly earnings results on Tuesday, June 25th. The software maker reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.13. The company had revenue of $175.08 million for the quarter, compared to the consensus estimate of $168.60 million. Progress Software had a return on equity of 36.88% and a net margin of 10.29%. On average, analysts expect Progress Software to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Progress Software Stock Performance
NASDAQ PRGS opened at $57.59 on Friday. Progress Software has a fifty-two week low of $48.00 and a fifty-two week high of $60.33. The firm has a market capitalization of $2.46 billion, a P/E ratio of 35.12, a PEG ratio of 7.45 and a beta of 0.91. The stock has a 50-day simple moving average of $57.08 and a two-hundred day simple moving average of $53.50. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.95 and a current ratio of 1.12.
Insider Transactions at Progress Software
Analyst Ratings Changes
PRGS has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Progress Software in a report on Wednesday, June 26th. StockNews.com cut Progress Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 26th. Jefferies Financial Group dropped their price target on shares of Progress Software from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Guggenheim restated a “buy” rating and set a $64.00 price objective on shares of Progress Software in a research report on Tuesday, June 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $68.00 target price on shares of Progress Software in a research report on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $63.50.
Check Out Our Latest Research Report on PRGS
Progress Software Company Profile
Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.
See Also
- Five stocks we like better than Progress Software
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- Transportation Stocks Investing
- MarketBeat Week in Review – 9/16 – 9/20
- Why Are Stock Sectors Important to Successful Investing?
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for Progress Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Progress Software and related companies with MarketBeat.com's FREE daily email newsletter.