Perficient (PRFT) Scheduled to Post Quarterly Earnings on Monday

Perficient (NASDAQ:PRFT) is scheduled to post its quarterly earnings results before the market opens on Monday, May 6th. Analysts expect Perficient to post earnings of $0.77 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings data on Tuesday, February 27th. The digital transformation consultancy reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Perficient had a net margin of 10.91% and a return on equity of 23.39%. The business had revenue of $220.79 million during the quarter, compared to the consensus estimate of $223.79 million. During the same period in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts expect Perficient to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Perficient Stock Down 1.5 %

NASDAQ PRFT opened at $48.11 on Friday. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.75. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.19 and a beta of 1.46. The company has a 50 day moving average of $54.70 and a 200-day moving average of $61.25. Perficient has a 1-year low of $42.51 and a 1-year high of $96.93.

Insider Transactions at Perficient

In other news, SVP Kevin Thomas Sheen sold 684 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $69.04, for a total value of $47,223.36. Following the sale, the senior vice president now directly owns 26,533 shares in the company, valued at approximately $1,831,838.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Thomas J. Hogan sold 8,801 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total value of $591,955.26. Following the completion of the transaction, the chief executive officer now directly owns 193,304 shares in the company, valued at approximately $13,001,627.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin Thomas Sheen sold 684 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $69.04, for a total value of $47,223.36. Following the sale, the senior vice president now owns 26,533 shares in the company, valued at approximately $1,831,838.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,149 shares of company stock valued at $885,619. 2.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $77.00 price objective on shares of Perficient in a report on Monday, April 29th. JPMorgan Chase & Co. cut their price objective on shares of Perficient from $71.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday. Scotiabank decreased their target price on shares of Perficient from $65.00 to $50.00 and set a “sector perform” rating on the stock in a report on Monday, April 29th. Alliance Global Partners raised shares of Perficient from a “neutral” rating to a “buy” rating and set a $67.00 price target for the company in a report on Tuesday, April 23rd. Finally, Guggenheim started coverage on shares of Perficient in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $65.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $65.17.

Perficient Company Profile

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.