Mix Cap Volatile Mover: EPAM Systems, Inc. (NYSE:EPAM), SCANA Corporation (NYSE:SCG)

EPAM Systems, Inc. (NYSE:EPAM) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.45% to 66.50 with around 317811 shares have changed hands in this session. Epam Systems Inc. (EPAM) declared fourth-quarter earnings of $24.8 million. The Newtown, Pennsylvania-based company said it had net income of 46 cents per share. Earnings, adjusted for one-time gains and costs, came to 77 cents per share. The results missed Wall Street expectations.

The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share. The information technology services provider posted revenue of $313.5 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $310.6 million. For the year, the company declared profit of $99.3 million, or $1.87 per share. Revenue was declared as $1.16 billion. For the current quarter ending in April, Epam expects its per-share earnings to be 72 cents. The stock is going forward its fifty-two week low with 21.95% and lagging behind from its 52-week high price with -15.18%.

Similar, the positive performance for the quarter recorded as 6.01% and for the year was 10.03%, while the YTD performance remained at 3.41%. EPAM has Average True Range for 14 days of 1.40.

Shares of SCANA Corporation (NYSE:SCG) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -4.53% to close at $66.86. SCANA Corporation (SCG) reported that its BOD, at a meeting held , raised the quarterly cash dividend on the Company’s common stock to 61 ¼ cents per share from 57 ½ cents per share, an increase of 6.5 percent. This action increases the indicated annual dividend rate to $2.45 per share from $2.30 per share. The new dividend is payable April 1, 2017 to shareholders of record at the close of business on March 10, 2017. Additionally, the Board of Directors authorized an increase to the upper band of SCANA’s dividend payout policy to 65% from 60%, for a new payout policy of 55% to 65%.

“Reflecting on our results for 2016, our confidence in our growth strategy and long-term outlook, as well as our commitment to providing competitive returns to our investors, we surged the quarterly dividend as well as our payout ratio policy,” said Jimmy Addison, Executive Vice President and Chief Financial Officer. “We continue to anticipate growing our dividend fairly consistent with earnings growth while staying within our new payout policy of 55%-65%.” Moving forward to saw long-term intention, the experts calculate Return on Investment of 8.50%. The stock is going forward its fifty-two week low with 9.93% and lagging behind from its 52-week high price with -11.23%. SCG last month stock price volatility remained 1.39%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

Leave a Reply

Your email address will not be published. Required fields are marked *