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.
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.
WARNING: This piece was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.com-unik.info/2017/12/04/primerica-inc-pri-expected-to-post-earnings-of-1-44-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.