Equities analysts forecast that Primerica, Inc. (NYSE:PRI) will post earnings of $1.44 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Primerica’s earnings. The highest EPS estimate is $1.47 and the lowest is $1.42. Primerica posted earnings of $1.19 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 21%. The company is scheduled to report its next earnings report on Wednesday, February 14th.

On average, analysts expect that Primerica will report full year earnings of $5.36 per share for the current year, with EPS estimates ranging from $5.34 to $5.40. For the next fiscal year, analysts forecast that the business will post earnings of $6.07 per share, with EPS estimates ranging from $5.95 to $6.15. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Primerica.

Primerica (NYSE:PRI) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.09. Primerica had a return on equity of 18.94% and a net margin of 14.55%. The business had revenue of $427.30 million during the quarter, compared to analysts’ expectations of $425.83 million. During the same quarter last year, the business posted $1.22 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis.

A number of research firms recently weighed in on PRI. BidaskClub lowered Primerica from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Primerica from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Wednesday, October 11th. Wells Fargo & Company reiterated a “hold” rating on shares of Primerica in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $95.00 price target on shares of Primerica in a research report on Friday, November 10th. Finally, SunTrust Banks lowered Primerica from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $90.50.

In other Primerica news, VP Gregory C. Pitts sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $92.40, for a total transaction of $462,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.86% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in PRI. Capstone Asset Management Co. boosted its position in Primerica by 3.6% during the 2nd quarter. Capstone Asset Management Co. now owns 5,803 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 200 shares during the period. Bank of Montreal Can boosted its position in Primerica by 18.1% during the 2nd quarter. Bank of Montreal Can now owns 7,885 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 1,209 shares during the period. Nisa Investment Advisors LLC boosted its position in Primerica by 4.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,670 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 400 shares during the period. State Treasurer State of Michigan boosted its position in Primerica by 1.1% during the 2nd quarter. State Treasurer State of Michigan now owns 18,800 shares of the financial services provider’s stock worth $1,424,000 after acquiring an additional 200 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Primerica by 85.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 49,541 shares of the financial services provider’s stock worth $3,753,000 after purchasing an additional 22,894 shares in the last quarter. Hedge funds and other institutional investors own 95.92% of the company’s stock.

Shares of Primerica (NYSE PRI) traded down $1.30 during mid-day trading on Friday, reaching $104.00. The company had a trading volume of 281,100 shares, compared to its average volume of 304,967. Primerica has a fifty-two week low of $68.60 and a fifty-two week high of $106.40. The company has a market capitalization of $4,580.00, a PE ratio of 20.05, a P/E/G ratio of 1.92 and a beta of 1.18.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.77%. Primerica’s dividend payout ratio (DPR) is 15.50%.

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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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