Analysts Anticipate Perion Network Ltd (NASDAQ:PERI) to Post $0.02 Earnings Per Share
Shares of Perion Network Ltd (NASDAQ:PERI) have been given a consensus broker rating score of 2.50 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a buy recommendation to the company.
Brokerages have set a 12 month consensus price target of $5.25 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Perion Network an industry rank of 102 out of 256 based on the ratings given to related companies.
A number of research firms have commented on PERI. TheStreet raised Perion Network from a “d” rating to a “c” rating in a research note on Tuesday, April 16th. ValuEngine lowered Perion Network from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. Finally, Zacks Investment Research raised Perion Network from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Friday, February 15th.
PERI stock traded up $0.08 during trading on Friday, hitting $2.95. The company had a trading volume of 605 shares, compared to its average volume of 45,710. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $78.58 million, a price-to-earnings ratio of 9.19 and a beta of 1.14. Perion Network has a fifty-two week low of $2.47 and a fifty-two week high of $3.96.
Perion Network (NASDAQ:PERI) last announced its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $53.85 million for the quarter, compared to analyst estimates of $61.00 million. Perion Network had a return on equity of 8.90% and a net margin of 3.78%. On average, research analysts anticipate that Perion Network will post 0.38 earnings per share for the current year.
About Perion Network
Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform.
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