Brokerages Expect Presidio Inc (PSDO) Will Post Quarterly Sales of $687.64 Million

Brokerages expect Presidio Inc (NASDAQ:PSDO) to report $687.64 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Presidio’s earnings, with the lowest sales estimate coming in at $675.28 million and the highest estimate coming in at $700.00 million. Presidio reported sales of $628.80 million in the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The business is expected to report its next earnings report on Thursday, May 10th.

On average, analysts expect that Presidio will report full-year sales of $2.88 billion for the current year, with estimates ranging from $2.86 billion to $2.89 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.02 billion per share, with estimates ranging from $3.00 billion to $3.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Presidio.

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Presidio (NASDAQ:PSDO) last announced its earnings results on Thursday, February 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Presidio had a net margin of 4.11% and a return on equity of 9.62%. The company had revenue of $661.60 million for the quarter, compared to the consensus estimate of $742.74 million.

PSDO has been the subject of several research analyst reports. Wells Fargo set a $21.00 target price on shares of Presidio and gave the company a “buy” rating in a research report on Friday, December 29th. JPMorgan Chase initiated coverage on shares of Presidio in a research report on Wednesday, March 7th. They set a “neutral” rating and a $17.00 target price for the company. Barclays lowered shares of Presidio from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $17.00 to $20.00 in a research report on Wednesday, January 17th. BidaskClub upgraded shares of Presidio from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research lowered shares of Presidio from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Presidio presently has a consensus rating of “Buy” and an average price target of $18.50.

Presidio stock traded down $0.18 during mid-day trading on Tuesday, hitting $15.99. 117,708 shares of the company traded hands, compared to its average volume of 255,469. Presidio has a one year low of $12.75 and a one year high of $19.74. The firm has a market cap of $1,486.76 and a PE ratio of 319.80. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.04 and a quick ratio of 1.01.

A number of institutional investors have recently made changes to their positions in PSDO. MetLife Investment Advisors LLC bought a new stake in shares of Presidio in the 4th quarter worth approximately $241,000. Gotham Asset Management LLC bought a new stake in shares of Presidio in the 4th quarter worth approximately $241,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Presidio in the 4th quarter worth approximately $1,056,000. California State Teachers Retirement System lifted its holdings in shares of Presidio by 14.7% in the 4th quarter. California State Teachers Retirement System now owns 34,528 shares of the company’s stock worth $662,000 after acquiring an additional 4,423 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Presidio in the 4th quarter worth approximately $2,156,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

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Presidio Company Profile

Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.

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