Wall Street analysts expect that Presidio (NASDAQ:PSDO) will report earnings of $0.33 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Presidio’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.31. Presidio reported earnings per share of $0.32 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The company is expected to report its next earnings report on Thursday, September 20th.
According to Zacks, analysts expect that Presidio will report full-year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.26 to $1.27. For the next financial year, analysts expect that the company will post earnings of $1.55 per share, with EPS estimates ranging from $1.52 to $1.57. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Presidio.
Presidio (NASDAQ:PSDO) last issued its earnings results on Thursday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Presidio had a net margin of 4.61% and a return on equity of 6.06%. The firm had revenue of $665.10 million for the quarter, compared to analysts’ expectations of $688.64 million. During the same quarter last year, the business earned $0.27 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis.
Several brokerages have recently issued reports on PSDO. JPMorgan Chase cut shares of Presidio from an “overweight” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Friday, February 9th. Evercore ISI set a $19.00 target price on shares of Presidio and gave the stock a “buy” rating in a report on Friday, February 9th. Royal Bank of Canada cut shares of Presidio from an “outperform” rating to a “sector perform” rating and set a $19.00 target price on the stock. in a report on Friday, May 11th. BidaskClub upgraded shares of Presidio from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Finally, Wells Fargo cut shares of Presidio from an “outperform” rating to a “market perform” rating in a report on Thursday, May 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.17.
Shares of Presidio stock traded down $0.02 on Friday, hitting $13.31. The stock had a trading volume of 189,594 shares, compared to its average volume of 192,955. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.07. Presidio has a one year low of $11.97 and a one year high of $19.74. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 266.20, a P/E/G ratio of 5.55 and a beta of 1.01.
Large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas bought a new stake in Presidio in the fourth quarter valued at $210,000. Stone Ridge Asset Management LLC bought a new stake in Presidio in the fourth quarter valued at $215,000. Gotham Asset Management LLC bought a new stake in Presidio in the fourth quarter valued at $241,000. MetLife Investment Advisors LLC bought a new stake in Presidio in the fourth quarter valued at $241,000. Finally, Jackson Wealth Management LLC bought a new stake in Presidio in the fourth quarter valued at $312,000. Institutional investors and hedge funds own 95.87% of the company’s stock.
Presidio, Inc provides information technology (IT) solutions to the middle market in North America. The company offers digital infrastructure solutions that enable clients to deploy IT infrastructure, as well as focuses on networking, collaboration, enterprise mobility, Internet of Things, and data analytics.
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