Performant Financial (PFMT) to Release Quarterly Earnings on Wednesday

Performant Financial (NASDAQ:PFMT) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Performant Financial (NASDAQ:PFMT) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $29.36 million for the quarter, compared to analyst estimates of $28.20 million. Performant Financial had a negative return on equity of 8.11% and a negative net margin of 5.32%. During the same quarter last year, the company posted ($0.05) EPS. On average, analysts expect Performant Financial to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Performant Financial Trading Down 1.0 %

Shares of PFMT stock opened at $3.92 on Tuesday. The firm has a market capitalization of $302.58 million, a P/E ratio of -48.99 and a beta of 0.14. Performant Financial has a twelve month low of $2.26 and a twelve month high of $4.04. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $3.72 and its 200 day simple moving average is $3.30.

Analysts Set New Price Targets

PFMT has been the topic of a number of research reports. B. Riley initiated coverage on Performant Financial in a research report on Thursday, July 25th. They set a “buy” rating and a $8.00 price objective on the stock. Craig Hallum raised Performant Financial to a “strong-buy” rating in a report on Tuesday, October 1st.

About Performant Financial

Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States. The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services.