Perficient (PRFT) to Release Earnings on Monday

Perficient (NASDAQ:PRFT) will 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Perficient (NASDAQ:PRFT) last released 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). The firm had revenue of $220.79 million during the quarter, compared to analysts’ expectations of $223.79 million. Perficient had a net margin of 10.91% and a return on equity of 23.39%. Perficient’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, analysts expect Perficient to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Perficient Stock Performance

Perficient stock 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 firm has a market cap of $1.69 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.15 and a beta of 1.46. Perficient has a 1-year low of $42.51 and a 1-year high of $96.93. The firm has a 50-day moving average of $55.12 and a 200-day moving average of $61.31.

Insider Activity

In other news, CFO Paul E. Martin sold 3,664 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total transaction of $246,440.64. Following the sale, the chief financial officer now owns 212,642 shares in the company, valued at $14,302,300.92. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Paul E. Martin sold 3,664 shares of Perficient stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total value of $246,440.64. Following the completion of the sale, the chief financial officer now directly owns 212,642 shares in the company, valued at approximately $14,302,300.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Thomas Sheen sold 684 shares of Perficient stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $69.04, for a total transaction of $47,223.36. Following the completion of the sale, the senior vice president now owns 26,533 shares of the company’s stock, valued at $1,831,838.32. The disclosure for this sale can be found here. Insiders sold 13,149 shares of company stock worth $885,619 over the last three months. 2.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

About Perficient

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.