$0.41 EPS Expected for Perficient, Inc. (PRFT) This Quarter

Wall Street brokerages expect Perficient, Inc. (NASDAQ:PRFT) to announce earnings per share (EPS) of $0.41 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Perficient’s earnings, with estimates ranging from $0.40 to $0.41. Perficient reported earnings of $0.37 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The business is expected to report its next earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Perficient will report full year earnings of $1.53 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will post earnings of $1.68 per share, with EPS estimates ranging from $1.67 to $1.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Perficient.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings results on Thursday, November 1st. The digital transformation consultancy reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. Perficient had a net margin of 4.70% and a return on equity of 10.69%. The firm had revenue of $123.90 million during the quarter, compared to the consensus estimate of $124.91 million. During the same period last year, the firm earned $0.34 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year.

Several analysts have recently weighed in on PRFT shares. Needham & Company LLC restated a “buy” rating and set a $30.00 price objective on shares of Perficient in a research report on Friday, July 13th. BidaskClub upgraded shares of Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. SunTrust Banks raised their price objective on shares of Perficient to $33.00 and gave the company a “buy” rating in a research report on Friday, September 14th. Maxim Group started coverage on shares of Perficient in a research report on Tuesday, October 2nd. They set a “buy” rating and a $34.00 price objective on the stock. Finally, Barrington Research started coverage on shares of Perficient in a research report on Wednesday, October 10th. They set an “outperform” rating and a $31.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.00.

Shares of Perficient stock traded down $0.31 on Monday, hitting $25.69. 190,892 shares of the company traded hands, compared to its average volume of 219,523. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.93 and a current ratio of 2.93. The stock has a market cap of $853.77 million, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 1.57 and a beta of 0.87. Perficient has a 12-month low of $17.86 and a 12-month high of $31.09.

Several institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its position in Perficient by 2,633.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 221,488 shares of the digital transformation consultancy’s stock worth $114,000 after purchasing an additional 213,385 shares during the period. BlueMountain Capital Management LLC purchased a new position in Perficient in the 2nd quarter worth $179,000. Engineers Gate Manager LP purchased a new position in Perficient in the 3rd quarter worth $205,000. Piedmont Investment Advisors LLC purchased a new position in Perficient in the 2nd quarter worth $215,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Perficient in the 3rd quarter worth $221,000. Hedge funds and other institutional investors own 83.05% of the company’s stock.

About Perficient

Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.

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