Presidio (NASDAQ:PSDO) will be posting its quarterly earnings results after the market closes on Wednesday, November 7th. Analysts expect Presidio to post earnings of $0.20 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Presidio (NASDAQ:PSDO) last issued its earnings results on Thursday, September 6th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.17. The business had revenue of $766.30 million for the quarter, compared to analysts’ expectations of $756.81 million. Presidio had a return on equity of 6.33% and a net margin of 4.70%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. On average, analysts expect Presidio to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Presidio stock opened at $13.56 on Monday. The company has a market cap of $1.12 billion, a PE ratio of 9.76, a P/E/G ratio of 2.76 and a beta of 1.27. Presidio has a 1-year low of $11.97 and a 1-year high of $19.74. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.03 and a current ratio of 1.06.
Several research analysts have recently weighed in on the company. ValuEngine upgraded Presidio from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Zacks Investment Research raised shares of Presidio from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 11th. BidaskClub raised shares of Presidio from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Finally, Goldman Sachs Group assumed coverage on shares of Presidio in a research report on Monday, August 27th. They set a “neutral” rating and a $15.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.71.
In other news, major shareholder Apollo Management Holdings Gp, sold 3,000,000 shares of Presidio stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $15.24, for a total transaction of $45,720,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Presidio stock. Bank of New York Mellon Corp raised its position in Presidio Inc (NASDAQ:PSDO) by 22.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,155 shares of the company’s stock after purchasing an additional 28,805 shares during the quarter. Bank of New York Mellon Corp owned 0.17% of Presidio worth $2,059,000 as of its most recent SEC filing.
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.
Read More: Growth Stocks, What They Are, What They Are Not
Receive News & Ratings for Presidio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presidio and related companies with MarketBeat.com's FREE daily email newsletter.