Brokerages Anticipate Primerica, Inc. (PRI) Will Post Earnings of $1.37 Per Share

Wall Street analysts predict that Primerica, Inc. (NYSE:PRI) will report earnings per share of $1.37 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Primerica’s earnings, with the lowest EPS estimate coming in at $1.34 and the highest estimate coming in at $1.41. Primerica posted earnings per share of $1.22 in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.3%. The firm is scheduled to report its next earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Primerica will report full year earnings of $5.22 per share for the current financial year, with EPS estimates ranging from $5.18 to $5.30. For the next financial year, analysts expect that the company will post earnings of $5.89 per share, with EPS estimates ranging from $5.70 to $6.15. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Primerica.

Primerica (NYSE:PRI) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $410.97 million. During the same period in the previous year, the company earned $1.23 earnings per share. Primerica’s quarterly revenue was up 9.2% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed a “hold” rating on shares of Primerica in a report on Tuesday, August 8th. BidaskClub lowered shares of Primerica from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Zacks Investment Research lowered shares of Primerica from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $83.00 price objective on shares of Primerica in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $83.75.

In other news, President Peter W. Schneider sold 1,301 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $76.92, for a total value of $100,072.92. Following the transaction, the president now directly owns 28,138 shares in the company, valued at approximately $2,164,374.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 6,301 shares of company stock valued at $495,113. 0.86% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Phocas Financial Corp. lifted its position in shares of Primerica by 4.7% in the 2nd quarter. Phocas Financial Corp. now owns 92,696 shares of the financial services provider’s stock worth $7,022,000 after buying an additional 4,138 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Primerica in the 2nd quarter worth about $125,000. Colony Group LLC bought a new position in shares of Primerica in the 2nd quarter worth about $298,000. Koch Industries Inc. bought a new position in shares of Primerica in the 2nd quarter worth about $237,000. Finally, Nomura Holdings Inc. bought a new position in shares of Primerica in the 2nd quarter worth about $283,000. Institutional investors own 94.82% of the company’s stock.

Shares of Primerica (NYSE PRI) traded up 0.13% during midday trading on Friday, reaching $76.80. 146,113 shares of the company were exchanged. The stock’s 50-day moving average price is $77.63 and its 200-day moving average price is $78.67. The company has a market capitalization of $3.45 billion, a PE ratio of 15.64 and a beta of 1.14. Primerica has a 52-week low of $52.50 and a 52-week high of $86.45.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were issued a dividend of $0.20 per share. This is a positive change from Primerica’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.04%. The ex-dividend date was Wednesday, August 16th. Primerica’s dividend payout ratio (DPR) is currently 16.33%.

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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.

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Earnings History and Estimates for Primerica (NYSE:PRI)

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