Analysts predict that Perficient, Inc. (NASDAQ:PRFT) will report earnings of $0.40 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Perficient’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.40. Perficient reported earnings per share of $0.37 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.1%. The company is expected to issue its next earnings report on Thursday, March 7th.

On average, analysts expect that Perficient will report full-year earnings of $1.53 per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $1.67 per share, with EPS estimates ranging from $1.67 to $1.68. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Perficient.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings data 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 analysts’ expectations of $124.91 million. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year.

Several brokerages recently commented on PRFT. BidaskClub cut shares of Perficient from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Barrington Research began coverage on shares of Perficient in a research note on Wednesday, October 10th. They issued an “outperform” rating and a $31.00 price objective for the company. SunTrust Banks raised their price objective on shares of Perficient to $33.00 and gave the company a “buy” rating in a research note on Friday, September 14th. Zacks Investment Research upgraded shares of Perficient from a “sell” rating to a “hold” rating in a research note on Thursday, November 29th. Finally, Jefferies Financial Group began coverage on shares of Perficient in a research note on Tuesday, November 20th. They issued a “buy” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $30.83.

Shares of NASDAQ PRFT traded down $1.32 during midday trading on Wednesday, hitting $24.13. The company had a trading volume of 179,496 shares, compared to its average volume of 167,536. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.34. Perficient has a twelve month low of $18.23 and a twelve month high of $31.09. The stock has a market capitalization of $839.83 million, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.80.

In other Perficient news, Director James R. Kackley bought 1,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was bought at an average price of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the transaction, the director now owns 41,019 shares in the company, valued at approximately $1,032,038.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in Perficient by 2.6% during the third quarter. Wells Fargo & Company MN now owns 91,168 shares of the digital transformation consultancy’s stock worth $2,429,000 after acquiring an additional 2,325 shares during the last quarter. Victory Capital Management Inc. raised its position in Perficient by 15.9% during the second quarter. Victory Capital Management Inc. now owns 19,466 shares of the digital transformation consultancy’s stock worth $513,000 after acquiring an additional 2,670 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Perficient by 10.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 29,065 shares of the digital transformation consultancy’s stock worth $766,000 after acquiring an additional 2,800 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Perficient by 18.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,500 shares of the digital transformation consultancy’s stock worth $514,000 after acquiring an additional 2,975 shares during the last quarter. Finally, United Services Automobile Association raised its position in Perficient by 1.7% during the second quarter. United Services Automobile Association now owns 185,751 shares of the digital transformation consultancy’s stock worth $4,898,000 after acquiring an additional 3,041 shares during the last quarter. Institutional investors own 86.29% of the company’s stock.

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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Earnings History and Estimates for Perficient (NASDAQ:PRFT)

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