Perficient (NASDAQ:PRFT) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.32-0.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $115-119 million, compared to the consensus revenue estimate of $114.74 million.Perficient also updated its FY18 guidance to $1.40-1.52 EPS.
Perficient (NASDAQ:PRFT) opened at $19.47 on Thursday. The stock has a market capitalization of $681.41, a PE ratio of 41.43 and a beta of 0.83. Perficient has a fifty-two week low of $16.20 and a fifty-two week high of $20.29. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.18.
A number of research analysts recently issued reports on PRFT shares. BidaskClub raised Perficient from a hold rating to a buy rating in a report on Wednesday, December 20th. Zacks Investment Research raised Perficient from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Thursday, January 4th. Maxim Group reissued a buy rating and issued a $22.00 price target (up previously from $20.00) on shares of Perficient in a research note on Thursday, November 2nd. Finally, TheStreet raised Perficient from a c+ rating to a b- rating in a research note on Friday, January 26th. Four investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and an average target price of $22.00.
COPYRIGHT VIOLATION WARNING: This news story was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3230306/perficient-prft-issues-q1-earnings-guidance.html.
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.
Receive News & Ratings for Perficient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perficient and related companies with MarketBeat.com's FREE daily email newsletter.