Zacks: Analysts Expect Perficient, Inc. (NASDAQ:PRFT) Will Post Earnings of $1.05 Per Share

Equities analysts expect that Perficient, Inc. (NASDAQ:PRFT – Get Rating) will report earnings per share of $1.05 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Perficient’s earnings, with the lowest EPS estimate coming in at $1.04 and the highest estimate coming in at $1.07. Perficient posted earnings of $0.84 per share during the same quarter last year, which would indicate a positive year over year growth rate of 25%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Perficient will report full year earnings of $4.30 per share for the current fiscal year, with EPS estimates ranging from $4.28 to $4.31. For the next year, analysts forecast that the business will post earnings of $5.01 per share, with EPS estimates ranging from $4.92 to $5.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Perficient.

Perficient (NASDAQ:PRFT – Get Rating) last issued its earnings results on Thursday, April 28th. The digital transformation consultancy reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Perficient had a return on equity of 27.60% and a net margin of 8.07%. The firm had revenue of $222.11 million for the quarter, compared to the consensus estimate of $219.66 million. During the same quarter last year, the business posted $0.63 EPS. The company’s revenue was up 31.2% compared to the same quarter last year.

Several brokerages recently issued reports on PRFT. TheStreet raised shares of Perficient from a “c+” rating to a “b-” rating in a report on Thursday, April 28th. Morgan Stanley initiated coverage on shares of Perficient in a report on Tuesday, April 26th. They set an “equal weight” rating and a $120.00 price target for the company. JPMorgan Chase & Co. cut their price objective on Perficient from $138.00 to $133.00 in a report on Friday, April 29th. StockNews.com began coverage on Perficient in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Alliance Global Partners reduced their price target on Perficient from $138.00 to $122.00 in a report on Monday, February 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $128.00.

In other news, Director Gary Wimberly purchased 399 shares of the stock in a transaction on Monday, February 28th. The stock was purchased at an average price of $100.00 per share, for a total transaction of $39,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in shares of Perficient during the 1st quarter valued at $1,348,000. Royal Bank of Canada raised its holdings in shares of Perficient by 0.6% during the first quarter. Royal Bank of Canada now owns 525,710 shares of the digital transformation consultancy’s stock valued at $57,876,000 after purchasing an additional 3,108 shares during the period. Select Equity Group L.P. raised its holdings in shares of Perficient by 8.4% during the first quarter. Select Equity Group L.P. now owns 19,358 shares of the digital transformation consultancy’s stock valued at $2,131,000 after purchasing an additional 1,496 shares during the period. Eqis Capital Management Inc. bought a new position in shares of Perficient during the 1st quarter worth about $548,000. Finally, Guggenheim Capital LLC raised its stake in Perficient by 13.6% during the 1st quarter. Guggenheim Capital LLC now owns 2,608 shares of the digital transformation consultancy’s stock worth $287,000 after buying an additional 313 shares during the period. Institutional investors own 89.37% of the company’s stock.

Perficient stock traded up $1.26 during midday trading on Tuesday, reaching $98.22. The company’s stock had a trading volume of 7,508 shares, compared to its average volume of 300,349. The stock has a market cap of $3.40 billion, a PE ratio of 52.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.49. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.14. Perficient has a 52 week low of $69.01 and a 52 week high of $153.28. The business has a 50-day moving average price of $105.06 and a 200-day moving average price of $114.22.

About Perficient (Get Rating)

Perficient, Inc provides digital consultancy services and solutions in the United States. The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, 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 portfolio.

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