Performant Financial (PFMT) Receiving Positive Media Coverage, Analysis Finds

Headlines about Performant Financial (NASDAQ:PFMT) have been trending positive on Thursday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Performant Financial earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.1246425428756 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Performant Financial (PFMT) traded down $0.01 during midday trading on Thursday, reaching $1.61. 1,400 shares of the company were exchanged, compared to its average volume of 7,200. Performant Financial has a 1 year low of $1.50 and a 1 year high of $3.00. The firm has a market capitalization of $82.56, a price-to-earnings ratio of -3.22 and a beta of 1.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.17 and a current ratio of 1.17.

Performant Financial (NASDAQ:PFMT) last announced its earnings results on Tuesday, November 7th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.08). The firm had revenue of $29.70 million for the quarter, compared to analyst estimates of $31.45 million. Performant Financial had a negative return on equity of 15.46% and a negative net margin of 19.27%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. analysts anticipate that Performant Financial will post -0.25 EPS for the current fiscal year.

A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Performant Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Performant Financial from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.

COPYRIGHT VIOLATION WARNING: This piece was published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://transcriptdaily.com/2018/01/04/performant-financial-pfmt-receiving-positive-media-coverage-analysis-finds.html.

About Performant Financial

Performant Financial Corporation (Performant) provides technology-enabled recovery and related analytics services in the United States. The Company’s services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes.

Insider Buying and Selling by Quarter for Performant Financial (NASDAQ:PFMT)

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

Leave a Reply