Wall Street analysts expect Perficient, Inc. (NASDAQ:PRFT) to announce earnings of $0.52 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Perficient’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.51. Perficient posted earnings of $0.41 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 26.8%. The business is expected to announce its next earnings report before the market opens on Thursday, November 7th.

According to Zacks, analysts expect that Perficient will report full year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.02. For the next fiscal year, analysts expect that the firm will post earnings of $2.25 per share, with EPS estimates ranging from $2.20 to $2.28. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Perficient.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings data on Thursday, August 1st. The digital transformation consultancy reported $0.38 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.38. The company had revenue of $141.90 million for the quarter, compared to analyst estimates of $137.05 million. Perficient had a return on equity of 12.31% and a net margin of 5.52%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share.

A number of research firms recently commented on PRFT. ValuEngine lowered Perficient from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Nomura began coverage on Perficient in a research note on Friday, June 21st. They issued a “buy” rating and a $40.00 price objective on the stock. Maxim Group reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Perficient in a research note on Wednesday, July 24th. Barrington Research reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Perficient in a research note on Thursday, September 12th. Finally, William Blair began coverage on Perficient in a research note on Monday, September 9th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Perficient presently has a consensus rating of “Buy” and a consensus price target of $39.20.

In other Perficient news, Chairman Jeffrey S. Davis sold 25,302 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $36.42, for a total value of $921,498.84. Following the transaction, the chairman now directly owns 429,691 shares of the company’s stock, valued at $15,649,346.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James R. Kackley sold 7,928 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $35.55, for a total value of $281,840.40. Following the completion of the transaction, the director now directly owns 33,708 shares in the company, valued at $1,198,319.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,230 shares of company stock worth $1,564,239. Insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. lifted its stake in Perficient by 187.3% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,586 shares of the digital transformation consultancy’s stock valued at $54,000 after buying an additional 1,034 shares during the period. Meeder Asset Management Inc. lifted its stake in Perficient by 84.9% in the second quarter. Meeder Asset Management Inc. now owns 2,209 shares of the digital transformation consultancy’s stock valued at $76,000 after buying an additional 1,014 shares during the period. Point72 Asset Management L.P. acquired a new position in Perficient in the second quarter valued at approximately $101,000. Advisor Group Inc. lifted its stake in Perficient by 397.6% in the second quarter. Advisor Group Inc. now owns 4,339 shares of the digital transformation consultancy’s stock valued at $149,000 after buying an additional 3,467 shares during the period. Finally, C M Bidwell & Associates Ltd. lifted its stake in Perficient by 20.1% in the second quarter. C M Bidwell & Associates Ltd. now owns 4,895 shares of the digital transformation consultancy’s stock valued at $168,000 after buying an additional 820 shares during the period. 90.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Perficient stock traded down $0.35 during midday trading on Monday, reaching $37.25. The company had a trading volume of 220,357 shares, compared to its average volume of 273,536. The stock has a fifty day moving average price of $37.51 and a 200 day moving average price of $33.58. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.30 and a quick ratio of 2.30. The firm has a market cap of $1.22 billion, a PE ratio of 30.79, a P/E/G ratio of 2.20 and a beta of 0.81. Perficient has a fifty-two week low of $20.92 and a fifty-two week high of $39.74.

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, 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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Earnings History and Estimates for Perficient (NASDAQ:PRFT)

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