Perficient, Inc. (PRFT) Expected to Announce Quarterly Sales of $125.23 Million
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.
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.
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)
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