Primerica, Inc. (NYSE:PRI) will be announcing its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $1.37 per share for the quarter.
Primerica (NYSE:PRI) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Primerica had a net margin of 14.41% and a return on equity of 18.48%. The firm had revenue of $413.70 million during the quarter, compared to the consensus estimate of $410.97 million. During the same period last year, the firm earned $1.23 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts expect Primerica to post $5.23 EPS for the current fiscal year and $5.9 EPS for the next fiscal year.
Primerica, Inc. (NYSE:PRI) opened at 87.45 on Tuesday. Primerica, Inc. has a one year low of $52.75 and a one year high of $89.60. The company has a market capitalization of $3.93 billion, a P/E ratio of 17.81 and a beta of 1.17. The firm has a 50-day moving average of $82.59 and a 200 day moving average of $79.23.
In related news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $80.68, for a total transaction of $242,040.00. Following the completion of the transaction, the chief executive officer now owns 77,895 shares in the company, valued at $6,284,568.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Alison S. Rand sold 2,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $76.50, for a total transaction of $153,000.00. Following the transaction, the vice president now owns 35,385 shares of the company’s stock, valued at approximately $2,706,952.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,301 shares of company stock valued at $495,113. 0.86% of the stock is owned by company insiders.
A number of analysts have recently issued reports on the stock. Wells Fargo & Company reissued a “hold” rating on shares of Primerica in a research note on Tuesday, August 8th. BidaskClub cut shares of Primerica from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. SunTrust Banks, Inc. cut shares of Primerica from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $87.00 price objective on shares of Primerica in a research note on Monday, October 16th. Finally, Zacks Investment Research cut shares of Primerica from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $88.50.
Primerica Company Profile
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.
What are top analysts saying about Primerica Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Primerica Inc. and related companies.