Equities research analysts expect that Primerica, Inc. (NYSE:PRI) will post earnings per share of $2.12 for the current quarter, Zacks reports. Two analysts have issued estimates for Primerica’s earnings. The highest EPS estimate is $2.15 and the lowest is $2.09. Primerica posted earnings of $2.01 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The firm is expected to announce its next quarterly earnings results on Thursday, February 6th.
According to Zacks, analysts expect that Primerica will report full year earnings of $8.34 per share for the current financial year, with EPS estimates ranging from $8.30 to $8.37. For the next financial year, analysts forecast that the firm will post earnings of $9.30 per share, with EPS estimates ranging from $9.25 to $9.35. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Primerica.
Primerica (NYSE:PRI) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Primerica had a return on equity of 22.88% and a net margin of 17.90%. The firm had revenue of $520.60 million during the quarter, compared to the consensus estimate of $518.78 million. During the same period in the prior year, the company earned $1.93 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year.
Several research firms recently weighed in on PRI. ValuEngine lowered Primerica from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Zacks Investment Research lowered Primerica from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.
NYSE:PRI traded up $0.48 during midday trading on Monday, hitting $131.10. 102,242 shares of the company traded hands, compared to its average volume of 228,026. The firm’s fifty day moving average is $125.67 and its 200-day moving average is $122.44. Primerica has a 12-month low of $90.28 and a 12-month high of $132.17. The firm has a market capitalization of $5.42 billion, a P/E ratio of 17.89 and a beta of 1.36. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.03.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.36 annualized dividend and a yield of 1.04%. Primerica’s payout ratio is presently 18.55%.
In other Primerica news, President Peter W. Schneider sold 3,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.26, for a total value of $357,780.00. Following the sale, the president now owns 29,790 shares in the company, valued at $3,552,755.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Alison S. Rand sold 2,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.64, for a total value of $239,280.00. Following the completion of the sale, the chief financial officer now owns 17,337 shares in the company, valued at approximately $2,074,198.68. The disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock worth $1,377,210 in the last 90 days. 0.84% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. TCI Wealth Advisors Inc. increased its stake in Primerica by 50.0% in the second quarter. TCI Wealth Advisors Inc. now owns 300 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 100 shares during the period. Doyle Wealth Management purchased a new stake in Primerica in the second quarter worth $54,000. Kavar Capital Partners LLC purchased a new stake in Primerica in the second quarter worth $55,000. Advisory Services Network LLC increased its stake in Primerica by 74.5% in the second quarter. Advisory Services Network LLC now owns 459 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 196 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Primerica during the second quarter valued at $60,000. Institutional investors and hedge funds own 89.09% of the company’s stock.
Primerica Company Profile
Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.
Featured Article: What is meant by holder of record?
Get a free copy of the Zacks research report on Primerica (PRI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Primerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primerica and related companies with MarketBeat.com's FREE daily email newsletter.