-$0.15 Earnings Per Share Expected for Appian Corp (NASDAQ:APPN) This Quarter

Equities analysts expect Appian Corp (NASDAQ:APPN) to report earnings of ($0.15) per share for the current quarter, according to Zacks. Three analysts have made estimates for Appian’s earnings. Appian reported earnings of ($0.13) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 15.4%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, October 31st.

On average, analysts expect that Appian will report full year earnings of ($0.52) per share for the current year, with EPS estimates ranging from ($0.53) to ($0.52). For the next year, analysts expect that the business will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.41) to ($0.33). Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Appian.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.07. The business had revenue of $66.90 million during the quarter, compared to the consensus estimate of $63.44 million. Appian had a negative net margin of 23.12% and a negative return on equity of 80.44%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) EPS.

Several equities research analysts recently commented on APPN shares. Barclays set a $41.00 price target on shares of Appian and gave the company a “hold” rating in a research report on Friday, August 9th. BidaskClub upgraded shares of Appian from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Zacks Investment Research upgraded shares of Appian from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. SunTrust Banks upped their price target on shares of Appian from $32.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Finally, ValuEngine downgraded shares of Appian from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Appian currently has a consensus rating of “Hold” and an average target price of $36.87.

Shares of NASDAQ:APPN opened at $41.48 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $2.81 billion, a PE ratio of -51.85 and a beta of 1.02. Appian has a 52 week low of $22.61 and a 52 week high of $62.94. The firm has a 50 day simple moving average of $50.04 and a 200 day simple moving average of $41.29.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In other Appian news, Director Albert G.W. Biddle III sold 89,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $55.70, for a total value of $4,957,300.00. Following the transaction, the director now owns 6,573 shares in the company, valued at approximately $366,116.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP David Leon Mitchell sold 1,871 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $39.42, for a total transaction of $73,754.82. Following the completion of the transaction, the vice president now owns 12,958 shares in the company, valued at approximately $510,804.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 648,984 shares of company stock valued at $34,693,120. 50.00% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in APPN. BlackRock Inc. increased its stake in Appian by 275.1% in the 2nd quarter. BlackRock Inc. now owns 2,048,737 shares of the company’s stock valued at $73,898,000 after buying an additional 1,502,545 shares during the period. First Trust Advisors LP increased its stake in Appian by 1,397.0% in the 2nd quarter. First Trust Advisors LP now owns 1,089,865 shares of the company’s stock valued at $39,311,000 after buying an additional 1,017,061 shares during the period. Granite Investment Partners LLC acquired a new position in Appian in the 2nd quarter valued at approximately $13,856,000. Intrinsic Edge Capital Management LLC acquired a new position in Appian in the 2nd quarter valued at approximately $9,874,000. Finally, Vanguard Group Inc. increased its stake in Appian by 12.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,219,612 shares of the company’s stock valued at $80,062,000 after buying an additional 246,269 shares during the period. Hedge funds and other institutional investors own 35.96% of the company’s stock.

About Appian

Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The company's platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured.

Recommended Story: How to build a Fibonacci channel

Get a free copy of the Zacks research report on Appian (APPN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Leave a Reply

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

*