Perficient (NASDAQ:PRFT) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.30-2.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.35. The company issued revenue guidance of $610-640 million, compared to the consensus revenue estimate of $624.31 million.Perficient also updated its FY 2020
Pre-Market guidance to 2.30-2.45 EPS.
Shares of PRFT traded down $0.09 during mid-day trading on Wednesday, reaching $44.06. The company had a trading volume of 618,300 shares, compared to its average volume of 395,782. Perficient has a twelve month low of $26.97 and a twelve month high of $53.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.69 and a quick ratio of 2.69. The company’s 50-day moving average is $50.10 and its 200-day moving average is $42.31. The company has a market capitalization of $1.61 billion, a P/E ratio of 43.20, a P/E/G ratio of 2.14 and a beta of 0.81.
Perficient (NASDAQ:PRFT) last issued its earnings results on Tuesday, February 25th. The digital transformation consultancy reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.12. Perficient had a return on equity of 13.21% and a net margin of 5.94%. The business had revenue of $145.16 million during the quarter, compared to analysts’ expectations of $145.55 million. During the same period in the prior year, the firm posted $0.47 EPS. Perficient’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts expect that Perficient will post 1.65 EPS for the current fiscal year.
In related news, CFO Paul E. Martin sold 15,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $47.59, for a total transaction of $713,850.00. Following the completion of the sale, the chief financial officer now directly owns 157,674 shares of the company’s stock, valued at approximately $7,503,705.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.
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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