$0.48 Earnings Per Share Expected for Perficient, Inc. (NASDAQ:PRFT) This Quarter

Brokerages expect that Perficient, Inc. (NASDAQ:PRFT) will post $0.48 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Perficient’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.49. Perficient reported earnings of $0.52 per share during the same quarter last year, which would indicate a negative year over year growth rate of 7.7%. The firm is scheduled to report its next earnings results on Thursday, August 6th.

According to Zacks, analysts expect that Perficient will report full-year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.94 to $2.05. For the next fiscal year, analysts forecast that the business will post earnings of $2.34 per share, with EPS estimates ranging from $2.30 to $2.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Perficient.

Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, May 7th. The digital transformation consultancy reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $145.56 million for the quarter, compared to analyst estimates of $144.53 million. Perficient had a return on equity of 14.72% and a net margin of 6.77%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share.

A number of equities analysts have recently commented on PRFT shares. BidaskClub raised shares of Perficient from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Maxim Group reaffirmed a “buy” rating and issued a $50.00 price target on shares of Perficient in a report on Saturday. Barrington Research lifted their price objective on shares of Perficient from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Needham & Company LLC lifted their price objective on shares of Perficient from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, June 19th. Finally, Alliance Global Partners downgraded shares of Perficient to a “buy” rating and dropped their price target for the stock from $54.00 to $43.00 in a research report on Monday, March 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $41.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in shares of Perficient in the 4th quarter worth approximately $46,000. New York State Common Retirement Fund boosted its holdings in shares of Perficient by 27.8% during the 4th quarter. New York State Common Retirement Fund now owns 54,925 shares of the digital transformation consultancy’s stock worth $2,530,000 after purchasing an additional 11,955 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Perficient by 5.0% during the 4th quarter. Rhumbline Advisers now owns 106,379 shares of the digital transformation consultancy’s stock worth $4,901,000 after purchasing an additional 5,046 shares during the last quarter. Swiss National Bank lifted its holdings in Perficient by 1.9% in the fourth quarter. Swiss National Bank now owns 62,800 shares of the digital transformation consultancy’s stock valued at $2,893,000 after acquiring an additional 1,200 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Perficient by 14.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the digital transformation consultancy’s stock valued at $137,000 after purchasing an additional 366 shares during the period. 91.21% of the stock is owned by hedge funds and other institutional investors.

Shares of PRFT stock traded up $1.33 during trading hours on Monday, hitting $35.33. The company’s stock had a trading volume of 16,795 shares, compared to its average volume of 357,892. Perficient has a twelve month low of $18.88 and a twelve month high of $53.76. The business has a fifty day moving average of $34.67 and a 200-day moving average of $39.43. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 1.82 and a beta of 1.38. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.38.

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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