StockNews.com, a reputable financial news website, recently released a research report on Perficient (NASDAQ:PRFT), a digital transformation consultancy. The report, issued to clients and investors on Tuesday, revealed that the research analysts at StockNews.com have initiated coverage on Perficient’s stock with a “sell” rating.
Perficient, Inc. provides digital consultancy services and solutions both in the United States and internationally. The company offers a wide range of services, including digital strategy, technology strategy, business velocity and growth, organizational change management, analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolios.
Perficient’s stock, listed on the NASDAQ exchange under the ticker symbol PRFT, opened at $75.96 on Tuesday. The company boasts a quick ratio and current ratio of 4.16, indicating a strong liquidity position. With a debt-to-equity ratio of 0.70, Perficient maintains a healthy balance between debt and equity.
Over the past year, Perficient’s stock has experienced a 52-week low of $42.51 and a 52-week high of $76.01. The company’s 50-day moving average price stands at $75.50, while the 200-day moving average price is $70.97. With a market capitalization of $2.67 billion, Perficient currently holds a price-to-earnings ratio of 32.46 and a P/E/G ratio of 2.24. Its beta, a measure of stock volatility, is 1.63.
In its most recent quarterly earnings report released on August 8th, Perficient reported earnings per share (EPS) of $0.79, falling short of analysts’ consensus estimates by ($0.01). The company’s net margin was recorded at 8.48%, and it achieved a return on equity of 18.39%. Perficient’s revenue for the quarter amounted to $222.82 million, slightly below the consensus estimate of $223.58 million.
Equities analysts, as a group, anticipate that Perficient will post 2.83 earnings per share for the current fiscal year.