Analysts predict that Perficient, Inc. (NASDAQ:PRFT) will announce $125.23 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Perficient’s earnings. The highest sales estimate is $126.11 million and the lowest is $124.34 million. Perficient posted sales of $123.74 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that Perficient will report full-year sales of $498.33 million for the current fiscal year, with estimates ranging from $496.11 million to $500.55 million. For the next fiscal year, analysts forecast that the firm will post sales of $531.67 million, with estimates ranging from $527.51 million to $535.83 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Perficient.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings results on Thursday, August 2nd. The digital transformation consultancy reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Perficient had a net margin of 4.85% and a return on equity of 10.21%. The company had revenue of $121.80 million for the quarter, compared to the consensus estimate of $125.19 million. During the same period last year, the company posted $0.29 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the stock. SunTrust Banks raised their price target on shares of Perficient to $33.00 and gave the company a “buy” rating in a research note on Friday, September 14th. BidaskClub upgraded shares of Perficient from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of Perficient in a research note on Friday, July 13th. ValuEngine downgraded shares of Perficient from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Finally, Zacks Investment Research downgraded shares of Perficient from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $31.00.

Several institutional investors and hedge funds have recently bought and sold shares of PRFT. Advisors Asset Management Inc. boosted its position in Perficient by 2,633.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 221,488 shares of the digital transformation consultancy’s stock worth $114,000 after buying an additional 213,385 shares during the period. BlueMountain Capital Management LLC acquired a new stake in Perficient during the 2nd quarter worth approximately $179,000. Hsbc Holdings PLC acquired a new stake in Perficient during the 1st quarter worth approximately $204,000. Piedmont Investment Advisors LLC acquired a new stake in Perficient during the 2nd quarter worth approximately $215,000. Finally, Aperio Group LLC acquired a new stake in Perficient during the 2nd quarter worth approximately $243,000. Institutional investors own 81.66% of the company’s stock.

PRFT opened at $25.14 on Friday. Perficient has a 1-year low of $17.65 and a 1-year high of $31.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $927.68 million, a PE ratio of 26.77 and a beta of 0.83.

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, 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.

See Also: Leveraged Buyout (LBO)

Get a free copy of the Zacks research report on Perficient (PRFT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Perficient (NASDAQ:PRFT)

Receive News & Ratings for Perficient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perficient and related companies with MarketBeat.com's FREE daily email newsletter.