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.
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.
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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