Presidio Inc (PSDO) Expected to Announce Earnings of $0.41 Per Share

Equities analysts expect Presidio Inc (NASDAQ:PSDO) to report $0.41 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Presidio’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.39. Presidio posted earnings per share of $0.36 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.9%. The business is expected to announce its next earnings results on Monday, November 5th.

According to Zacks, analysts expect that Presidio will report full year earnings of $1.53 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $1.65 per share, with EPS estimates ranging from $1.62 to $1.68. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Presidio.

Presidio (NASDAQ:PSDO) last announced its quarterly earnings data on Thursday, September 6th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.17. The business had revenue of $766.30 million during the quarter, compared to analyst estimates of $756.81 million. Presidio had a net margin of 4.70% and a return on equity of 6.33%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share.

A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Presidio from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Goldman Sachs Group assumed coverage on shares of Presidio in a research report on Monday, August 27th. They set a “neutral” rating and a $15.00 price objective for the company. ValuEngine raised shares of Presidio from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Finally, BidaskClub raised shares of Presidio from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.71.

Shares of PSDO traded down $0.72 during trading hours on Thursday, reaching $15.28. 159,100 shares of the company traded hands, compared to its average volume of 211,540. The firm has a market capitalization of $1.31 billion, a P/E ratio of 10.99, a P/E/G ratio of 2.87 and a beta of 1.08. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.03 and a current ratio of 1.06. Presidio has a 1-year low of $11.97 and a 1-year high of $19.74.

The firm also recently announced an annual dividend, which will be paid on Friday, October 5th. Investors of record on Wednesday, September 26th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 25th. This represents a yield of 0.24%. Presidio’s payout ratio is currently 11.51%.

In related news, major shareholder Apollo Management Holdings Gp, sold 3,000,000 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $15.24, for a total value of $45,720,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PSDO. Sun Life Financial INC bought a new stake in Presidio during the second quarter worth about $144,000. Metropolitan Life Insurance Co. NY grew its stake in Presidio by 49.1% during the second quarter. Metropolitan Life Insurance Co. NY now owns 13,131 shares of the company’s stock worth $172,000 after buying an additional 4,324 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Presidio during the second quarter worth about $175,000. Alambic Investment Management L.P. bought a new stake in Presidio during the second quarter worth about $186,000. Finally, BlueMountain Capital Management LLC bought a new stake in Presidio during the second quarter worth about $197,000.

About Presidio

Presidio, Inc provides information technology (IT) solutions to the middle market in North America. The company offers digital infrastructure solutions that enable clients to deploy IT infrastructure, as well as focuses on networking, collaboration, enterprise mobility, Internet of Things, and data analytics.

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