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.
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.
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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