Zacks: Brokerages Anticipate Presidio, Inc. (PSDO) to Announce $0.32 EPS
Brokerages expect that Presidio, Inc. (NASDAQ:PSDO) will announce earnings per share (EPS) of $0.32 for the current quarter, according to Zacks. Two analysts have made estimates for Presidio’s earnings. The firm is scheduled to issue its next earnings report after the market closes on Monday, November 6th.
According to Zacks, analysts expect that Presidio will report full year earnings of $1.25 per share for the current financial year. For the next year, analysts expect that the company will report earnings of $1.39 per share, with EPS estimates ranging from $1.38 to $1.40. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Presidio.
Presidio (NASDAQ:PSDO) last released its earnings results on Thursday, September 21st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The company had revenue of $753.90 million for the quarter, compared to analyst estimates of $741.59 million. The firm’s quarterly revenue was up 3.4% on a year-over-year basis.
PSDO has been the subject of a number of recent research reports. Evercore ISI restated a “buy” rating and set a $19.00 price target on shares of Presidio in a research note on Friday, September 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $17.00 price target (down previously from $18.00) on shares of Presidio in a research note on Wednesday, September 20th. Barclays PLC decreased their price target on shares of Presidio from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, September 22nd. Finally, Zacks Investment Research lowered shares of Presidio from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Presidio has an average rating of “Buy” and a consensus target price of $17.71.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. bought a new stake in shares of Presidio in the 2nd quarter worth $103,000. Nationwide Fund Advisors bought a new stake in shares of Presidio in the 2nd quarter worth $153,000. Cubist Systematic Strategies LLC grew its stake in shares of Presidio by 802.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock worth $168,000 after acquiring an additional 10,435 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Presidio in the 2nd quarter worth $201,000. Finally, Jane Street Group LLC bought a new stake in shares of Presidio in the 1st quarter worth $221,000. Hedge funds and other institutional investors own 96.87% 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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