Perficient, Inc. (NASDAQ:PRFT) will issue its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Perficient has set its Q3 guidance at $0.32-$0.34 EPS and its FY17 guidance at $1.19-$1.29 EPS.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Thursday, August 3rd. The digital transformation consultancy reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $117.00 million during the quarter, compared to the consensus estimate of $119.21 million. Perficient had a return on equity of 7.42% and a net margin of 3.08%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS. On average, analysts expect Perficient to post $0.95 EPS for the current fiscal year and $1.11 EPS for the next fiscal year.

Shares of Perficient, Inc. (NASDAQ PRFT) opened at 19.28 on Wednesday. The company’s 50 day moving average price is $19.12 and its 200-day moving average price is $18.04. Perficient, Inc. has a 12 month low of $14.15 and a 12 month high of $20.22. The firm has a market capitalization of $677.06 million, a P/E ratio of 46.80 and a beta of 0.89.

PRFT has been the topic of several recent analyst reports. Zacks Investment Research downgraded Perficient from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. BidaskClub upgraded Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Maxim Group set a $20.00 target price on Perficient and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $20.67.

WARNING: This report was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/10/25/perficient-inc-prft-set-to-announce-quarterly-earnings-on-wednesday.html.

In related news, CFO Paul E. Martin sold 6,082 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $20.20, for a total transaction of $122,856.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Jeffrey S. Davis sold 39,023 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $20.04, for a total value of $782,020.92. The disclosure for this sale can be found here. Insiders have sold 88,847 shares of company stock worth $1,739,758 over the last quarter. 3.70% of the stock is currently owned by company insiders.

About Perficient

Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.

Earnings History for Perficient (NASDAQ:PRFT)

Receive News & Ratings for Perficient Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perficient Inc. and related companies with MarketBeat.com's FREE daily email newsletter.