Perficient (NASDAQ:PRFT) Issues Quarterly Earnings Results
Perficient (NASDAQ:PRFT) issued its quarterly earnings results on Thursday. The digital transformation consultancy reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.11, MarketWatch Earnings reports. Perficient had a net margin of 6.39% and a return on equity of 14.53%. The company had revenue of $146.34 million during the quarter, compared to analyst estimates of $143.61 million.
NASDAQ:PRFT traded up $0.24 during trading hours on Friday, hitting $39.21. The stock had a trading volume of 601,842 shares, compared to its average volume of 279,969. The company has a 50 day simple moving average of $35.32 and a two-hundred day simple moving average of $37.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.64 and a quick ratio of 2.59. Perficient has a one year low of $18.88 and a one year high of $53.76. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.10 and a beta of 1.39.
Several brokerages have recently issued reports on PRFT. Needham & Company LLC raised their price target on shares of Perficient from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, June 19th. Alliance Global Partners restated a “buy” rating and set a $50.00 price target (up previously from $43.00) on shares of Perficient in a research note on Thursday. Zacks Investment Research lowered shares of Perficient from a “hold” rating to a “sell” rating in a research note on Thursday, May 28th. Maxim Group reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Perficient in a report on Friday. Finally, National Securities raised shares of Perficient from a “neutral” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $43.33.
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, commerce, content management, 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.
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