Analysts Expect Perficient, Inc. (PRFT) Will Announce Earnings of $0.41 Per Share

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Analysts expect Perficient, Inc. (NASDAQ:PRFT) to report $0.41 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Perficient’s earnings, with estimates ranging from $0.40 to $0.41. Perficient reported earnings per share of $0.37 during the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The firm is expected to issue its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Perficient will report full-year earnings of $1.53 per share for the current financial year. For the next fiscal year, analysts expect that the business will report earnings of $1.68 per share, with EPS estimates ranging from $1.67 to $1.68. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Perficient.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings results on Thursday, November 1st. The digital transformation consultancy reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. Perficient had a return on equity of 10.69% and a net margin of 4.70%. The business had revenue of $123.90 million during the quarter, compared to analysts’ expectations of $124.91 million. During the same quarter last year, the company posted $0.34 earnings per share. Perficient’s quarterly revenue was up .2% on a year-over-year basis.

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

Several large investors have recently modified their holdings of PRFT. BlackRock Inc. boosted its holdings in shares of Perficient by 9.9% during the second quarter. BlackRock Inc. now owns 4,927,517 shares of the digital transformation consultancy’s stock worth $129,937,000 after acquiring an additional 443,431 shares during the period. Rothschild Asset Management Inc. bought a new stake in shares of Perficient during the second quarter worth approximately $8,104,000. KAMES CAPITAL plc bought a new stake in shares of Perficient during the third quarter worth approximately $6,839,000. Systematic Financial Management LP boosted its holdings in shares of Perficient by 388.7% during the second quarter. Systematic Financial Management LP now owns 302,431 shares of the digital transformation consultancy’s stock worth $7,975,000 after acquiring an additional 240,541 shares during the period. Finally, Federated Investors Inc. PA boosted its holdings in shares of Perficient by 77,304.3% during the second quarter. Federated Investors Inc. PA now owns 233,761 shares of the digital transformation consultancy’s stock worth $6,164,000 after acquiring an additional 233,459 shares during the period. Institutional investors own 83.05% of the company’s stock.

Perficient stock traded down $0.31 during midday trading on Monday, reaching $25.69. 190,892 shares of the company’s stock were exchanged, compared to its average volume of 219,523. Perficient has a 52 week low of $17.86 and a 52 week high of $31.09. 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 capitalization of $853.77 million, a P/E ratio of 27.04, a PEG ratio of 1.57 and a beta of 0.87.

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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