Primerica (PRI) Scheduled to Post Earnings on Tuesday

Primerica (NYSE:PRI) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 6th. Analysts expect Primerica to post earnings of $1.86 per share for the quarter.

Primerica (NYSE:PRI) last released its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.12. Primerica had a net margin of 21.55% and a return on equity of 21.07%. The business had revenue of $467.82 million during the quarter, compared to analysts’ expectations of $466.82 million. During the same quarter in the prior year, the company earned $1.36 EPS. On average, analysts expect Primerica to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

PRI opened at $108.76 on Tuesday. Primerica has a 12 month low of $87.05 and a 12 month high of $128.35. The firm has a market capitalization of $4.62 billion, a P/E ratio of 19.70 and a beta of 1.13.

A number of analysts recently commented on the stock. Citigroup cut shares of Primerica from a “neutral” rating to a “sell” rating and upped their price objective for the company from $100.00 to $108.00 in a research report on Tuesday, September 18th. Zacks Investment Research cut Primerica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. SunTrust Banks increased their target price on Primerica to $118.00 and gave the stock a “hold” rating in a report on Monday, July 30th. ValuEngine upgraded Primerica from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $112.00 target price on shares of Primerica in a report on Thursday, July 19th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $114.40.

In other Primerica news, insider William A. Kelly sold 856 shares of the stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $109.93, for a total transaction of $94,100.08. Following the completion of the transaction, the insider now owns 14,416 shares in the company, valued at approximately $1,584,750.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William A. Kelly sold 1,250 shares of the stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $126.78, for a total value of $158,475.00. Following the transaction, the insider now owns 15,272 shares of the company’s stock, valued at approximately $1,936,184.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,962 shares of company stock valued at $1,937,964. Corporate insiders own 0.89% of the company’s stock.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, distributes 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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Earnings History for Primerica (NYSE:PRI)

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