April 14, 2021

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Development Software package (NASDAQ:PRGS) Releases Earnings Benefits, Beats Estimates By $.13 EPS


Progress Software (NASDAQ:PRGS) posted its quarterly earnings data on Wednesday. The software maker reported $.91 earnings for every share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $.78 by $.13, MarketWatch Earnings reviews. Progress Application experienced a internet margin of 13.12% and a return on fairness of 33.98%. The business enterprise had revenue of $129.06 million during the quarter, in contrast to the consensus estimate of $118.77 million. Through the exact period in the prior 12 months, the company acquired $.79 EPS. Progress Software’s quarterly profits was up 4.6% when compared to the similar quarter final 12 months.

NASDAQ PRGS opened at $48.81 on Friday. The organization has a personal debt-to-equity ratio of .74, a present ratio of 1.41 and a fast ratio of 1.41. The company has a sector capitalization of $2.20 billion, a value-to-earnings ratio of 39.05 and a beta of 1.02. The company’s fifty working day transferring typical is $43.45 and its two-hundred working day shifting regular is $38.86. Development Software has a 52-7 days low of $28.09 and a 52-week substantial of $52.50.

The small business also a short while ago introduced a quarterly dividend, which will be compensated on Monday, March 15th. Buyers of file on Monday, March 1st will be paid out a dividend of $.175 for each share. This represents a $.70 annualized dividend and a yield of 1.43%. Development Software’s payout ratio is now 30.57%.

PRGS has been the subject of a range of latest analyst stories. Wedbush upped their selling price target on shares of Progress Software program from $45.00 to $55.00 and gave the organization an “outperform” ranking in a report on Friday. Zacks Expenditure Study elevated Development Program from a “hold” score to a “buy” rating and set a $44.00 cost aim for the business in a research report on Tuesday, October 27th.

Progress Application Firm Profile

Development Software Corporation develops organization programs. The business operates through a few segments: OpenEdge, Information Connectivity and Integration, and Software Progress and Deployment. The OpenEdge section gives Development OpenEdge, a growth software program, which builds multi-language applications for protected deployment across different platforms and products, as effectively as cloud Progress Corticon, a business guidelines administration program that enables apps with choice automation and alter approach, and determination-relevant insight capabilities Development Kinvey, a system for constructing company purposes MOVEit that provides safe collaboration and automatic file transfers of crucial business enterprise info WhatsUp Gold, a community checking solution and DataRPM, a cognitive predictive upkeep option for industrial IoT.

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Earnings History for Progress Software (NASDAQ:PRGS)



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