Perficient (PRFT) Posts Quarterly Earnings, Hits Estimates
Perficient (NASDAQ:PRFT) released its earnings data on Thursday. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.33, Stock Ratings Network.com reports. The company had revenue of $116.70 million for the quarter, compared to the consensus estimate of $112.54 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 23.9% on a year-over-year basis. Perficient updated its FY14 guidance to $1.27-1.37 EPS.
Shares of Perficient (NASDAQ:PRFT) opened at 18.37 on Thursday. Perficient has a 1-year low of $13.75 and a 1-year high of $24.11. The stock has a 50-day moving average of $19.23 and a 200-day moving average of $19.11. The company has a market cap of $634.9 million and a P/E ratio of 30.80.
On a related note, analysts at Sidoti upgraded shares of Perficient from a “neutral” rating to a “buy” rating in a research note on Thursday, May 22nd. They now have a $23.00 price target on the stock, up previously from $21.00.
Perficient, Inc is an information technology consulting firm in the United States. The Company designs, builds and delivers technology solutions using third party software products.
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