Wall Street brokerages expect SailPoint Technologies (NYSE:SAIL) to post sales of $50.05 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for SailPoint Technologies’ earnings. The lowest sales estimate is $50.00 million and the highest is $50.10 million. The firm is expected to issue its next earnings results on Wednesday, August 8th.
According to Zacks, analysts expect that SailPoint Technologies will report full year sales of $227.67 million for the current financial year, with estimates ranging from $227.14 million to $228.40 million. For the next year, analysts expect that the business will report sales of $278.37 million per share, with estimates ranging from $271.30 million to $282.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow SailPoint Technologies.
SailPoint Technologies (NYSE:SAIL) last posted its quarterly earnings data on Wednesday, May 9th. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. The company had revenue of $49.70 million for the quarter, compared to analyst estimates of $44.60 million. The company’s quarterly revenue was up 40.0% compared to the same quarter last year.
Several equities research analysts have recently commented on SAIL shares. Zacks Investment Research upgraded shares of SailPoint Technologies from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Saturday, March 31st. Needham & Company LLC lifted their price objective on shares of SailPoint Technologies from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 24th. KeyCorp lifted their price objective on shares of SailPoint Technologies from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, March 19th. Finally, Jefferies Group reiterated a “buy” rating and set a $28.00 price objective on shares of SailPoint Technologies in a research note on Thursday, April 19th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. SailPoint Technologies currently has a consensus rating of “Buy” and an average price target of $22.56.
NYSE:SAIL opened at $22.75 on Wednesday. SailPoint Technologies has a 12 month low of $22.25 and a 12 month high of $22.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market cap of $2.03 billion and a PE ratio of 568.75.
A number of hedge funds and other institutional investors have recently bought and sold shares of SAIL. JPMorgan Chase & Co. raised its position in shares of SailPoint Technologies by 7.0% in the first quarter. JPMorgan Chase & Co. now owns 3,323,801 shares of the company’s stock worth $68,770,000 after acquiring an additional 216,453 shares during the period. BlackRock Inc. raised its position in shares of SailPoint Technologies by 247.2% in the first quarter. BlackRock Inc. now owns 2,074,362 shares of the company’s stock worth $42,920,000 after acquiring an additional 1,476,871 shares during the period. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of SailPoint Technologies in the fourth quarter worth about $22,033,000. Cortina Asset Management LLC acquired a new position in shares of SailPoint Technologies in the fourth quarter worth about $20,497,000. Finally, Thrivent Financial For Lutherans acquired a new position in shares of SailPoint Technologies in the fourth quarter worth about $20,272,000. Institutional investors own 24.75% of the company’s stock.
SailPoint Technologies Company Profile
SailPoint Technologies Holdings, Inc designs, develops, and markets identity governance software solutions in North America, Europe, and the Asia Pacific. The company offers on-premises software and cloud-based solutions, which empower organizations to govern the digital identities of employees, contractors, business partners, and other users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments.
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