Perficient (PRFT) Set to Announce Quarterly Earnings on Thursday

Perficient (NASDAQ:PRFT) is scheduled to be announcing its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Perficient (NASDAQ:PRFT) last released its quarterly earnings data on Sunday, May 5th. The digital transformation consultancy reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. The business had revenue of $215.30 million during the quarter, compared to the consensus estimate of $224.99 million. Perficient had a return on equity of 19.50% and a net margin of 9.40%. The firm’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 earnings per share. On average, analysts expect Perficient to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Perficient Trading Down 0.1 %

NASDAQ PRFT opened at $75.03 on Wednesday. The stock has a 50-day simple moving average of $74.70 and a 200 day simple moving average of $66.72. The company has a market capitalization of $2.64 billion, a PE ratio of 32.06, a P/E/G ratio of 1.90 and a beta of 1.62. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 0.72. Perficient has a 12 month low of $42.51 and a 12 month high of $75.50.

Analyst Ratings Changes

A number of equities research analysts recently commented on PRFT shares. Needham & Company LLC reiterated a “hold” rating on shares of Perficient in a report on Monday, May 6th. Barrington Research reissued a “market perform” rating on shares of Perficient in a research note on Tuesday, May 7th. Scotiabank boosted their target price on Perficient from $50.00 to $76.00 and gave the company a “sector perform” rating in a research note on Monday, May 6th. StockNews.com initiated coverage on Perficient in a research note on Saturday. They issued a “sell” rating for the company. Finally, Alliance Global Partners reaffirmed a “neutral” rating on shares of Perficient in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, Perficient presently has an average rating of “Hold” and a consensus price target of $70.43.

About Perficient

Perficient, Inc provides digital consultancy services and solutions in the United States and internationally. It offers strategy and transformation solutions in digital strategy, technology strategy, business velocity and growth, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolios.