Analysts Anticipate Presidio Inc (PSDO) Will Post Quarterly Sales of $742.74 Million

Wall Street analysts expect Presidio Inc (NASDAQ:PSDO) to report $742.74 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Presidio’s earnings, with the lowest sales estimate coming in at $735.00 million and the highest estimate coming in at $750.48 million. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that Presidio will report full-year sales of $742.74 million for the current year. For the next financial year, analysts anticipate that the company will post sales of $3.13 billion per share, with estimates ranging from $3.12 billion to $3.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Presidio.

Presidio (NASDAQ:PSDO) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05.

PSDO has been the topic of a number of research reports. Zacks Investment Research upgraded Presidio from a “sell” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, November 22nd. Barclays boosted their price target on Presidio from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. BidaskClub lowered Presidio from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 10th. Wells Fargo & Co set a $21.00 target price on Presidio and gave the stock a “buy” rating in a report on Friday, December 29th. Finally, Evercore ISI set a $19.00 target price on Presidio and gave the stock a “buy” rating in a report on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Presidio has a consensus rating of “Buy” and a consensus price target of $18.44.

Shares of Presidio (NASDAQ:PSDO) opened at $18.31 on Thursday. The company has a market capitalization of $1,680.00 and a PE ratio of 130.79. Presidio has a twelve month low of $12.75 and a twelve month high of $19.74. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.13.

In related news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $13.61, for a total transaction of $125,212,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in Presidio by 23.0% in the second quarter. FMR LLC now owns 8,864,590 shares of the company’s stock valued at $126,852,000 after buying an additional 1,657,336 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Presidio by 39.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,727,025 shares of the company’s stock valued at $33,107,000 after buying an additional 486,625 shares during the period. Vanguard Group Inc. bought a new stake in Presidio in the second quarter valued at approximately $18,605,000. Jennison Associates LLC raised its stake in Presidio by 4.7% in the third quarter. Jennison Associates LLC now owns 1,132,258 shares of the company’s stock valued at $16,021,000 after buying an additional 50,598 shares during the period. Finally, American Century Companies Inc. raised its stake in Presidio by 41.4% in the third quarter. American Century Companies Inc. now owns 955,267 shares of the company’s stock valued at $13,517,000 after buying an additional 279,517 shares during the period. Hedge funds and other institutional investors own 97.51% of the company’s stock.

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About Presidio

Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.

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