Performant Financial (NASDAQ:PFMT) will be issuing its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Performant Financial has set its FY 2019 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.
Performant Financial (NASDAQ:PFMT) last released its quarterly earnings data on Tuesday, August 13th. The business services provider reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $35.83 million during the quarter, compared to the consensus estimate of $36.20 million. Performant Financial had a negative net margin of 20.11% and a negative return on equity of 32.75%. On average, analysts expect Performant Financial to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
PFMT stock opened at $1.10 on Monday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.62 and a quick ratio of 1.62. The business has a 50-day moving average price of $1.06 and a 200 day moving average price of $1.29. The company has a market capitalization of $55.27 million, a P/E ratio of -3.44 and a beta of 0.15. Performant Financial has a 1-year low of $0.98 and a 1-year high of $2.86.
In other news, major shareholder Prescott Group Capital Managem acquired 378,481 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average cost of $1.00 per share, for a total transaction of $378,481.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 790,788 shares of company stock valued at $798,797 over the last 90 days. 32.30% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on PFMT. William Blair restated a “market perform” rating on shares of Performant Financial in a report on Monday, August 19th. ValuEngine downgraded Performant Financial from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Zacks Investment Research upgraded Performant Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd.
About Performant Financial
Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services primarily to the government-supported student loan industry serving guaranty agencies, private financial institutions, and the Department of Education; and restructures and recovers student loans issued directly by banks to students outside of federal lending programs.
Read More: Roth IRA
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.