Primerica (PRI) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS
Primerica (NYSE:PRI) issued its quarterly earnings data on Monday. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08, Analyst RN reports.
Primerica (NYSE:PRI) traded up 0.88% on Monday, hitting $41.20. 317,455 shares of the company’s stock traded hands. Primerica has a one year low of $30.81 and a one year high of $45.61. The stock’s 50-day moving average is $42.80 and its 200-day moving average is $41.46. The company has a market cap of $2.259 billion and a price-to-earnings ratio of 14.45.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Primerica’s previous quarterly dividend of $0.11.
A number of analysts have recently weighed in on PRI shares. Analysts at Zacks upgraded shares of Primerica from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 20th. They now have a $48.30 price target on the stock. On the ratings front, analysts at Sandler O’Neill raised their price target on shares of Primerica from $44.00 to $46.00 in a research note to investors on Friday, January 17th. Finally, analysts at Raymond James upgraded shares of Primerica from an “outperform” rating to a “strong-buy” rating in a research note to investors on Wednesday, January 15th. They now have a $51.00 price target on the stock, up previously from $46.00. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $43.61.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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