$0.40 EPS Expected for Perficient, Inc. (PRFT) This Quarter
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.
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.
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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