Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Performant Financial's shares outstanding for the quarter that ended in Jun. 2020 was 54.5 Mil.
Performant Financial's quarterly shares outstanding
increased
from Mar. 2020 (54.0 Mil) to Jun. 2020 (54.5 Mil).
It means Performant Financial issued new shares from Mar. 2020 to Jun. 2020 .
Performant Financial's annual shares outstanding
increased
from Dec. 2018 (53.0 Mil) to Dec. 2019 (53.9 Mil).
It means Performant Financial issued new shares from Dec. 2018 to Dec. 2019 .
Performant Financial Shares Outstanding (EOP) Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* Premium members only.
Performant Financial Annual Data
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Shares Outstanding (EOP)
49.48
50.23
51.09
53.00
53.90
Performant Financial Quarterly Data
Sep15
Dec15
Mar16
Jun16
Sep16
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Shares Outstanding (EOP)
53.65
53.69
53.90
54.02
54.46
Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.
Performant Financial Shares Outstanding (EOP) Distribution
* The bar in red indicates where Performant Financial's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Performant Financial Shares Outstanding (EOP) Related Terms
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