Performant Financial (NASDAQ:PFMT) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Performant Financial (NASDAQ:PFMT) posted its quarterly earnings data on Tuesday. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.02), Morningstar.com reports. The firm had revenue of $35.83 million for the quarter, compared to the consensus estimate of $36.20 million. Performant Financial had a negative return on equity of 25.34% and a negative net margin of 18.69%. Performant Financial updated its FY 2019 guidance to EPS.
Shares of NASDAQ PFMT traded down $0.07 during trading hours on Wednesday, hitting $1.18. 173 shares of the stock were exchanged, compared to its average volume of 36,025. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $1.22. The stock has a market cap of $60.59 million, a price-to-earnings ratio of -3.69 and a beta of 0.19. Performant Financial has a one year low of $1.00 and a one year high of $2.86.
Several analysts recently issued reports on PFMT shares. Zacks Investment Research raised shares of Performant Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. ValuEngine raised shares of Performant Financial from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd.
About Performant Financial
Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services primarily to the government-supported student loan industry serving guaranty agencies, private financial institutions, and the Department of Education; and restructures and recovers student loans issued directly by banks to students outside of federal lending programs.
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