April 17, 2021

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Progress Program (NASDAQ:PRGS) Updates Q1 2021 Soon after-Several hours Earnings Steerage

Progress Software (NASDAQ:PRGS) current its to start with quarter 2021
Just after-Hours earnings steering on Thursday. The corporation supplied earnings per share steering of .72-.76 for the time period, in comparison to the Thomson Reuters consensus earnings for each share estimate of $.81. The organization issued revenue advice of $119-123 million, when compared to the consensus revenue estimate of $130.82 million.Progress Computer software also up-to-date its FY 2021
Soon after-Hours steering to 3.22-3.28 EPS.

A quantity of exploration firms have issued stories on PRGS. Zacks Expense Study upgraded Development Program from a maintain ranking to a obtain score and established a $44.00 focus on value for the business in a report on Tuesday, Oct 27th. Wedbush elevated their price tag aim on Development Program from $45.00 to $55.00 and gave the organization an outperform score in a report on Friday.

Shares of NASDAQ PRGS opened at $44.14 on Friday. The stock has a industry capitalization of $1.99 billion, a price-to-earnings ratio of 35.31 and a beta of 1.02. The business enterprise has a 50-working day shifting common of $43.64 and a 200-working day moving ordinary of $38.92. The business has a credit card debt-to-equity ratio of .74, a present ratio of 1.41 and a fast ratio of 1.41. Development Computer software has a fifty-two 7 days minimal of $28.09 and a fifty-two week significant of $52.50.

Development Software program (NASDAQ:PRGS) previous introduced its quarterly earnings info on Wednesday, January 13th. The software program maker noted $.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $.78 by $.13. Development Software package experienced a return on fairness of 33.98% and a web margin of 13.12%. The corporation had earnings of $129.06 million through the quarter, compared to analysts’ expectations of $118.77 million. Through the exact quarter very last 12 months, the firm gained $.79 EPS. Development Software’s income for the quarter was up 4.6% when compared to the similar quarter last year. On average, provide-facet analysts anticipate that Development Application will post 2.55 EPS for the recent 12 months.

The firm also just lately announced a quarterly dividend, which will be compensated on Monday, March 15th. Traders of document on Monday, March 1st will be paid out a $.175 dividend. This represents a $.70 annualized dividend and a yield of 1.59%. Development Software’s dividend payout ratio (DPR) is at present 30.57%.

About Progress Software

Progress Software Company develops small business programs. The organization operates through a few segments: OpenEdge, Information Connectivity and Integration, and Software Improvement and Deployment. The OpenEdge section gives Development OpenEdge, a growth software program, which builds multi-language programs for safe deployment across various platforms and equipment, as well as cloud Development Corticon, a small business procedures management process that permits purposes with choice automation and adjust approach, and selection-relevant insight capabilities Development Kinvey, a platform for creating company applications MOVEit that supplies safe collaboration and automated file transfers of crucial organization info WhatsUp Gold, a community monitoring resolution and DataRPM, a cognitive predictive upkeep remedy for industrial IoT.

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