Primerica, Inc. (PRI) Expected to Post Earnings of $1.44 Per Share

Wall Street analysts expect that Primerica, Inc. (NYSE:PRI) will report earnings of $1.44 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Primerica’s earnings, with the highest EPS estimate coming in at $1.47 and the lowest estimate coming in at $1.42. Primerica reported earnings of $1.19 per share in the same quarter last year, which suggests a positive year over year growth rate of 21%. The company is expected to announce its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Primerica will report full year earnings of $5.36 per share for the current year, with EPS estimates ranging from $5.34 to $5.40. For the next fiscal year, analysts expect that the business will report earnings of $6.07 per share, with EPS estimates ranging from $5.95 to $6.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Primerica.

Primerica (NYSE:PRI) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $1.37 by $0.09. The company had revenue of $427.30 million during the quarter, compared to analysts’ expectations of $425.83 million. Primerica had a net margin of 14.55% and a return on equity of 18.94%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.

Several brokerages have commented on PRI. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $95.00 target price on shares of Primerica in a research report on Friday, November 10th. SunTrust Banks lowered shares of Primerica from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Primerica from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Wednesday, October 11th. Wells Fargo & Company reissued a “hold” rating on shares of Primerica in a report on Tuesday, August 8th. Finally, BidaskClub lowered shares of Primerica from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $90.50.

Shares of Primerica (PRI) traded up $1.55 during trading on Friday, hitting $105.00. 237,629 shares of the company’s stock traded hands, compared to its average volume of 304,405. The company has a market cap of $4,650.00, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. Primerica has a 52 week low of $68.60 and a 52 week high of $106.40.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, November 16th. Primerica’s dividend payout ratio (DPR) is 15.50%.

In other news, VP Gregory C. Pitts sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $92.40, for a total value of $462,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Primerica by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,085,927 shares of the financial services provider’s stock worth $385,260,000 after purchasing an additional 13,941 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Primerica by 2.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,508,400 shares of the financial services provider’s stock worth $286,111,000 after purchasing an additional 81,603 shares during the period. State Street Corp boosted its stake in Primerica by 1.3% in the 2nd quarter. State Street Corp now owns 1,780,565 shares of the financial services provider’s stock worth $134,879,000 after purchasing an additional 22,430 shares during the period. Burgundy Asset Management Ltd. boosted its stake in Primerica by 2.7% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,681,212 shares of the financial services provider’s stock worth $137,103,000 after purchasing an additional 43,558 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Primerica by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,105,499 shares of the financial services provider’s stock worth $83,741,000 after purchasing an additional 9,363 shares during the period. 95.91% of the stock is owned by institutional investors.

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About Primerica

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.

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