Wall Street analysts expect that Presidio (NASDAQ:PSDO) will post $751.09 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Presidio’s earnings, with estimates ranging from $737.17 million to $765.00 million. Presidio reported sales of $729.30 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The business is scheduled to issue its next earnings results on Thursday, September 20th.
On average, analysts expect that Presidio will report full-year sales of $2.84 billion for the current year, with estimates ranging from $2.83 billion to $2.86 billion. For the next financial year, analysts expect that the business will post sales of $2.98 billion per share, with estimates ranging from $2.97 billion to $3.00 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Presidio.
Presidio (NASDAQ:PSDO) last issued its earnings results on Thursday, May 10th. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. Presidio had a net margin of 4.61% and a return on equity of 6.06%. The business had revenue of $665.10 million for the quarter, compared to analyst estimates of $688.64 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 5.8% on a year-over-year basis.
Several analysts have recently weighed in on the stock. Wells Fargo & Co lowered shares of Presidio from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 10th. BidaskClub upgraded shares of Presidio from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. Royal Bank of Canada lowered shares of Presidio from an “outperform” rating to a “sector perform” rating and set a $19.00 target price on the stock. in a research report on Friday, May 11th. Barclays decreased their target price on shares of Presidio from $19.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, May 11th. Finally, JPMorgan Chase & Co. upgraded shares of Presidio from a “neutral” rating to an “overweight” rating in a research report on Monday, March 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.17.
Several institutional investors have recently modified their holdings of PSDO. Teacher Retirement System of Texas bought a new position in Presidio during the 4th quarter valued at about $210,000. Stone Ridge Asset Management LLC bought a new position in Presidio during the 4th quarter valued at about $215,000. Gotham Asset Management LLC bought a new position in Presidio during the 4th quarter valued at about $241,000. MetLife Investment Advisors LLC bought a new position in Presidio during the 4th quarter valued at about $241,000. Finally, American International Group Inc. lifted its holdings in Presidio by 36.7% during the 1st quarter. American International Group Inc. now owns 20,170 shares of the company’s stock valued at $315,000 after purchasing an additional 5,416 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.
Shares of Presidio traded down $0.03, hitting $14.25, during trading on Monday, Marketbeat Ratings reports. 954,527 shares of the company’s stock traded hands, compared to its average volume of 144,560. 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 twelve month low of $11.97 and a twelve month high of $19.74. The firm has a market cap of $1.32 billion, a P/E ratio of 285.00, a price-to-earnings-growth ratio of 5.95 and a beta of 0.75.
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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