Wall Street brokerages expect that Primerica, Inc. (NYSE:PRI) will post $2.12 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Primerica’s earnings. The highest EPS estimate is $2.15 and the lowest is $2.09. Primerica posted earnings of $2.01 per share during the same quarter last year, which indicates a positive year over year growth rate of 5.5%. The business is scheduled to report its next quarterly earnings report after the market closes on Tuesday, February 11th.
According to Zacks, analysts expect that Primerica will report full-year earnings of $8.34 per share for the current fiscal year, with EPS estimates ranging from $8.30 to $8.37. For the next financial year, analysts expect that the firm will post earnings of $9.30 per share, with EPS estimates ranging from $9.25 to $9.35. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Primerica.
Primerica (NYSE:PRI) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.12. Primerica had a net margin of 17.90% and a return on equity of 22.88%. The company had revenue of $520.60 million during the quarter, compared to analyst estimates of $518.78 million. During the same quarter last year, the business posted $1.93 EPS. Primerica’s quarterly revenue was up 7.4% compared to the same quarter last year.
Several brokerages have recently issued reports on PRI. Zacks Investment Research lowered shares of Primerica from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. ValuEngine lowered shares of Primerica from a “hold” rating to a “sell” rating in a research note on Friday, October 11th.
In other Primerica news, CFO Alison S. Rand sold 2,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $134.01, for a total value of $268,020.00. Following the completion of the transaction, the chief financial officer now directly owns 15,337 shares of the company’s stock, valued at approximately $2,055,311.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Gregory C. Pitts sold 3,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $129.11, for a total transaction of $387,330.00. Following the completion of the transaction, the chief operating officer now directly owns 13,030 shares of the company’s stock, valued at $1,682,303.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,000 shares of company stock valued at $1,449,690. Insiders own 0.84% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio boosted its stake in Primerica by 109.2% during the fourth quarter. Strs Ohio now owns 4,799 shares of the financial services provider’s stock worth $626,000 after acquiring an additional 2,505 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Primerica by 9.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,207 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 269 shares in the last quarter. Sciencast Management LP bought a new stake in Primerica during the fourth quarter worth about $616,000. First Hawaiian Bank boosted its stake in Primerica by 49.6% during the fourth quarter. First Hawaiian Bank now owns 2,951 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 979 shares in the last quarter. Finally, Man Group plc boosted its stake in Primerica by 57.7% during the third quarter. Man Group plc now owns 307,676 shares of the financial services provider’s stock worth $39,146,000 after acquiring an additional 112,554 shares in the last quarter. 88.93% of the stock is owned by institutional investors.
Shares of PRI stock traded down $3.02 during trading hours on Friday, hitting $122.53. 167,287 shares of the company were exchanged, compared to its average volume of 151,467. The firm has a fifty day simple moving average of $131.71 and a 200 day simple moving average of $125.64. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.03. Primerica has a 52-week low of $107.41 and a 52-week high of $138.05. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 14.62 and a beta of 1.35.
Primerica Company Profile
Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.
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