Primerica (NYSE:PRI) is scheduled to release its earnings data after the market closes on Wednesday, May 5th. Analysts expect Primerica to post earnings of $2.38 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Primerica (NYSE:PRI) last released its quarterly earnings results on Monday, February 8th. The financial services provider reported $2.45 EPS for the quarter, missing the consensus estimate of $2.49 by ($0.04). The firm had revenue of $594.72 million for the quarter, compared to the consensus estimate of $583.43 million. Primerica had a return on equity of 23.65% and a net margin of 17.65%. During the same quarter in the prior year, the company posted $2.22 EPS. On average, analysts expect Primerica to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Primerica stock opened at $161.77 on Tuesday. The firm has a 50-day moving average price of $154.19 and a two-hundred day moving average price of $139.43. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 17.38 and a beta of 1.44. Primerica has a 52-week low of $95.00 and a 52-week high of $163.69.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, February 22nd were given a $0.47 dividend. This is a boost from Primerica’s previous quarterly dividend of $0.40. This represents a $1.88 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, February 19th. Primerica’s dividend payout ratio (DPR) is currently 22.30%.
In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 17th. The shares were sold at an average price of $142.83, for a total value of $428,490.00. Following the sale, the chief executive officer now owns 59,643 shares of the company’s stock, valued at approximately $8,518,809.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.90% of the company’s stock.
A number of brokerages recently weighed in on PRI. Truist Securities lifted their price objective on shares of Primerica from $165.00 to $188.00 and gave the company a “buy” rating in a research note on Monday, April 26th. Citigroup upped their target price on Primerica from $130.00 to $140.00 in a research report on Wednesday, March 31st. Morgan Stanley lifted their price objective on shares of Primerica from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, April 1st. Truist boosted their target price on Primerica from $165.00 to $188.00 in a research report on Tuesday, April 20th. Finally, Zacks Investment Research raised shares of Primerica from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Tuesday, April 27th. Five research analysts have rated the stock with a buy rating, Primerica currently has a consensus rating of “Buy” and a consensus target price of $166.29.
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.
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