Equities analysts expect that Perion Network Ltd (NASDAQ:PERI) will announce earnings per share of $0.03 for the current quarter, Zacks reports. Two analysts have issued estimates for Perion Network’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. Perion Network reported earnings of $0.18 per share in the same quarter last year, which would indicate a negative year over year growth rate of 83.3%. The firm is expected to announce its next earnings report on Thursday, August 8th.
On average, analysts expect that Perion Network will report full year earnings of $0.32 per share for the current year, with EPS estimates ranging from $0.26 to $0.38. For the next year, analysts forecast that the business will report earnings of $0.45 per share, with EPS estimates ranging from $0.32 to $0.57. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Perion Network.
Perion Network (NASDAQ:PERI) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The firm had revenue of $53.85 million during the quarter, compared to analyst estimates of $61.00 million. Perion Network had a return on equity of 8.90% and a net margin of 3.78%.
Several equities analysts have recently issued reports on the company. TheStreet raised Transcontinental Realty Investors from a “d+” rating to a “c+” rating in a report on Tuesday, April 16th. Lake Street Capital assumed coverage on Perion Network in a research report on Monday, July 8th. They issued a “buy” rating and a $6.00 price target for the company. ValuEngine upgraded Vale from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $5.42.
PERI stock traded up $0.25 on Thursday, hitting $4.25. 457,263 shares of the company’s stock were exchanged, compared to its average volume of 73,540. Perion Network has a 12-month low of $2.47 and a 12-month high of $4.35. The stock’s 50 day simple moving average is $3.04. 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 firm has a market capitalization of $90.73 million, a PE ratio of 13.71, a P/E/G ratio of 1.83 and a beta of 1.06.
An institutional investor recently raised its position in Perion Network stock. Jane Street Group LLC raised its position in shares of Perion Network Ltd (NASDAQ:PERI) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,182 shares of the technology company’s stock after acquiring an additional 10,991 shares during the quarter. Jane Street Group LLC owned approximately 0.18% of Perion Network worth $123,000 as of its most recent SEC filing. Institutional investors and hedge funds own 10.38% of the company’s stock.
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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