Primerica (NYSE:PRI) is scheduled to be announcing its earnings results after the market closes on Tuesday, February 6th.
Primerica (NYSE:PRI) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.09. The firm had revenue of $427.30 million for the quarter, compared to analyst estimates of $425.83 million. Primerica had a return on equity of 18.94% and a net margin of 14.55%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.22 EPS. On average, analysts expect Primerica to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of Primerica (NYSE PRI) opened at $101.00 on Friday. The firm has a market capitalization of $4,470.00, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.48 and a beta of 1.14. Primerica has a twelve month low of $70.00 and a twelve month high of $108.05.
In other Primerica news, VP Gregory C. Pitts sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $92.40, for a total value of $462,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.86% of the company’s stock.
A number of equities research analysts have weighed in on the company. SunTrust Banks raised their target price on Primerica to $112.00 and gave the company a “hold” rating in a report on Monday, January 22nd. Zacks Investment Research downgraded Primerica from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $100.00 target price (up previously from $95.00) on shares of Primerica in a report on Tuesday, January 9th. ValuEngine raised Primerica from a “hold” rating to a “buy” rating in a report on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $95.00 target price on shares of Primerica in a report on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $100.75.
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Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.
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