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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Progress Software Corporation    PRGS

PROGRESS SOFTWARE CORPORATION

(PRGS)
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Progress Software: Fiscal 1Q Earnings Snapshot

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03/26/2020 | 03:29pm EDT

BEDFORD, Mass. (AP) _ Progress Software Corp. (PRGS) on Thursday reported fiscal first-quarter earnings of $21.1 million.

The Bedford, Massachusetts-based company said it had net income of 46 cents per share. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.

The business software maker posted revenue of $109.7 million in the period. Its adjusted revenue was $113.8 million.

For the current quarter ending in June, Progress Software expects its per-share earnings to range from 60 cents to 64 cents.

The company said it expects revenue in the range of $95 million to $101 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $109.1 million.

Progress Software expects full-year earnings in the range of $2.73 to $2.80 per share, with revenue ranging from $428 million to $438 million.

Progress Software shares have dropped 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $34.85, a decrease of 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRGS at https://www.zacks.com/ap/PRGS

Automated Insights, source Associated Press News

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Financials (USD)
Sales 2020 434 M
EBIT 2020 172 M
Net income 2020 81,0 M
Debt 2020 64,7 M
Yield 2020 -
P/E ratio 2020 19,7x
P/E ratio 2021 18,1x
EV / Sales2020 3,79x
EV / Sales2021 3,61x
Capitalization 1 581 M
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Technical analysis trends PROGRESS SOFTWARE CORPORAT
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Income Statement Evolution
Consensus
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Buy
Mean consensus BUY
Number of Analysts 4
Average target price 47,50  $
Last Close Price 35,29  $
Spread / Highest target 61,5%
Spread / Average Target 34,6%
Spread / Lowest Target 10,5%
EPS Revisions
Managers
NameTitle
Yogesh K. Gupta President, Chief Executive Officer & Director
John Richard Egan Non-Executive Chairman
Anthony Folger Chief Financial Officer
Tony Murphy Chief Information Officer
Charles Francis Kane Independent Director
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