Performant Financial (NASDAQ:PFMT) issued its earnings results on Friday. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.07), Morningstar.com reports. The company had revenue of $27.58 million during the quarter, compared to analysts’ expectations of $31.80 million. Performant Financial had a negative net margin of 1.63% and a negative return on equity of 16.92%. Performant Financial updated its FY 2018 guidance to EPS.
Shares of Performant Financial stock traded down $0.02 during trading hours on Friday, hitting $1.53. The company’s stock had a trading volume of 19,045 shares, compared to its average volume of 15,335. Performant Financial has a twelve month low of $1.50 and a twelve month high of $3.52. The firm has a market cap of $84.15 million, a PE ratio of -8.05 and a beta of 1.30. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.44.
Separately, TheStreet upgraded Performant Financial from a “d+” rating to a “c-” rating in a report on Tuesday, September 4th.
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Performant Financial Company Profile
Performant Financial Corporation provides technology-enabled audit, recovery, customer care, and related analytics services in the United States. The company offers recovery services primarily to the government-supported student loan industry, serving guaranty agencies, the Department of Education, and private financial institutions; and restructures and recovers student loans issued directly by banks to students outside of federal lending programs.
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