Analysts predict that Perficient, Inc. (NASDAQ:PRFT) will post earnings per share of $0.57 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Perficient’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.56. Perficient reported earnings of $0.47 per share during the same quarter last year, which would suggest a positive year over year growth rate of 21.3%. The firm is scheduled to issue its next earnings results on Tuesday, February 25th.
On average, analysts expect that Perficient will report full-year earnings of $2.06 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.08. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.35 per share, with EPS estimates ranging from $2.32 to $2.38. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Perficient.
Perficient (NASDAQ:PRFT) last posted its quarterly earnings results on Thursday, November 7th. The digital transformation consultancy reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. Perficient had a net margin of 5.94% and a return on equity of 13.21%. The business had revenue of $144.68 million during the quarter, compared to analyst estimates of $143.17 million. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year.
PRFT has been the topic of several recent research reports. Maxim Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Perficient in a research report on Friday, November 8th. Barrington Research reiterated a “buy” rating and issued a $44.00 target price on shares of Perficient in a report on Thursday, September 12th. ValuEngine lowered shares of Perficient from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. National Securities began coverage on shares of Perficient in a report on Tuesday, October 22nd. They issued a “buy” rating and a $46.00 price target on the stock. Finally, William Blair initiated coverage on shares of Perficient in a research report on Monday, September 9th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.20.
In other Perficient news, Director David S. Lundeen sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.96, for a total value of $343,680.00. Following the completion of the sale, the director now owns 41,707 shares of the company’s stock, valued at $1,791,732.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Perficient by 3.7% in the second quarter. BlackRock Inc. now owns 5,135,589 shares of the digital transformation consultancy’s stock worth $176,252,000 after acquiring an additional 185,437 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Perficient by 2.0% during the second quarter. Vanguard Group Inc. now owns 2,110,141 shares of the digital transformation consultancy’s stock valued at $72,420,000 after acquiring an additional 40,694 shares during the period. Northern Trust Corp boosted its holdings in Perficient by 1.1% in the second quarter. Northern Trust Corp now owns 832,784 shares of the digital transformation consultancy’s stock valued at $28,581,000 after acquiring an additional 9,275 shares during the last quarter. Royal Bank of Canada boosted its holdings in Perficient by 1.5% in the second quarter. Royal Bank of Canada now owns 556,442 shares of the digital transformation consultancy’s stock valued at $19,097,000 after acquiring an additional 8,003 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Perficient by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 422,816 shares of the digital transformation consultancy’s stock worth $14,512,000 after purchasing an additional 1,792 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.
PRFT stock traded up $0.31 during trading on Friday, hitting $42.30. 5,450 shares of the company’s stock traded hands, compared to its average volume of 352,912. The firm has a market capitalization of $1.38 billion, a P/E ratio of 34.92, a PEG ratio of 2.18 and a beta of 0.81. Perficient has a 1 year low of $20.92 and a 1 year high of $43.28. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $39.92 and a two-hundred day simple moving average of $36.29.
Perficient Company Profile
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, commerce, content management, 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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