Perion Network (PERI) to Release Quarterly Earnings on Wednesday

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Perion Network (NASDAQ:PERI) will announce its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.

Perion Network (NASDAQ:PERI) last announced its earnings results on Wednesday, May 15th. The technology company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Perion Network had a return on equity of 8.90% and a net margin of 3.78%. The firm had revenue of $53.85 million for the quarter, compared to the consensus estimate of $61.00 million. On average, analysts expect Perion Network to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of PERI stock opened at $4.44 on Tuesday. Perion Network has a 1-year low of $2.47 and a 1-year high of $4.72. The stock’s fifty day simple moving average is $3.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.24. The stock has a market cap of $119.69 million, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 2.41 and a beta of 1.03.

Several research analysts recently weighed in on PERI shares. Lake Street Capital started coverage on Perion Network in a research note on Monday, July 8th. They set a “buy” rating and a $6.00 target price on the stock. TheStreet downgraded Perion Network from a “c” rating to a “d+” rating in a research note on Wednesday, July 17th. Zacks Investment Research downgraded Perion Network from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, ValuEngine downgraded Perion Network from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Perion Network presently has an average rating of “Hold” and a consensus target price of $5.42.

Perion Network Company Profile

Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform.

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Earnings History for Perion Network (NASDAQ:PERI)

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