Analysts expect Perficient, Inc. (NASDAQ:PRFT) to report earnings of $0.68 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Perficient’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.67. Perficient posted earnings per share of $0.51 in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The company is scheduled to issue its next earnings report before the market opens on Thursday, April 29th.
According to Zacks, analysts expect that Perficient will report full-year earnings of $2.94 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $2.99. For the next fiscal year, analysts anticipate that the business will report earnings of $3.31 per share, with EPS estimates ranging from $3.24 to $3.44. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Perficient.
Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, February 25th. The digital transformation consultancy reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.06. The business had revenue of $162.40 million during the quarter, compared to the consensus estimate of $159.61 million. Perficient had a return on equity of 15.08% and a net margin of 5.64%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS.
Several brokerages recently commented on PRFT. JPMorgan Chase & Co. began coverage on Perficient in a research report on Tuesday, March 30th. They set a “neutral” rating and a $68.00 price target for the company. Zacks Investment Research upgraded Perficient from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Friday, March 5th. Alliance Global Partners boosted their price target on Perficient from $55.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. Barrington Research upped their target price on Perficient from $48.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, February 26th. Finally, Needham & Company LLC upped their target price on Perficient from $46.00 to $65.00 and gave the company a “buy” rating in a report on Friday, February 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $64.33.
Shares of PRFT traded down $1.41 during trading hours on Thursday, hitting $61.02. 9,217 shares of the stock were exchanged, compared to its average volume of 280,055. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.97 and a current ratio of 1.97. Perficient has a 12-month low of $28.78 and a 12-month high of $66.14. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 60.03, a price-to-earnings-growth ratio of 1.78 and a beta of 1.49. The stock’s 50-day moving average price is $59.19 and its two-hundred day moving average price is $50.63.
Several institutional investors and hedge funds have recently made changes to their positions in PRFT. Aperio Group LLC lifted its stake in Perficient by 4.6% during the third quarter. Aperio Group LLC now owns 18,198 shares of the digital transformation consultancy’s stock worth $778,000 after purchasing an additional 795 shares during the last quarter. Swiss National Bank lifted its stake in Perficient by 2.0% during the third quarter. Swiss National Bank now owns 75,000 shares of the digital transformation consultancy’s stock worth $3,206,000 after purchasing an additional 1,500 shares during the last quarter. US Bancorp DE lifted its stake in Perficient by 209.9% during the third quarter. US Bancorp DE now owns 1,131 shares of the digital transformation consultancy’s stock worth $48,000 after purchasing an additional 766 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Perficient during the third quarter worth approximately $145,000. Finally, Natixis purchased a new stake in Perficient during the third quarter worth approximately $261,000. Institutional investors and hedge funds own 93.85% of the company’s stock.
Perficient Company Profile
Perficient, Inc provides digital consultancy services and solutions in the United States. The company offers solutions in the digital and technology strategy, management consulting, and organizational change management areas; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolio.
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