Brokerages predict that Primerica, Inc. (NYSE:PRI) will post $438.79 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Primerica’s earnings. The lowest sales estimate is $436.74 million and the highest is $440.83 million. Primerica posted sales of $393.86 million in the same quarter last year, which suggests a positive year over year growth rate of 11.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 14th.

On average, analysts expect that Primerica will report full-year sales of $438.79 million for the current year, with estimates ranging from $1.68 billion to $1.69 billion. For the next year, analysts anticipate that the company will report sales of $1.84 billion per share, with estimates ranging from $1.81 billion to $1.86 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Primerica.

Primerica (NYSE:PRI) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.37 by $0.09. Primerica had a net margin of 14.55% and a return on equity of 18.94%. The firm had revenue of $427.30 million for the quarter, compared to analyst estimates of $425.83 million. During the same period in the prior year, the business posted $1.22 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on PRI shares. Wells Fargo & Company restated a “hold” rating on shares of Primerica in a report on Tuesday, August 8th. BidaskClub downgraded shares of Primerica from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $95.00 target price on shares of Primerica in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Primerica from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, SunTrust Banks downgraded shares of 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 given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $90.50.

In other news, VP Gregory C. Pitts sold 5,000 shares of Primerica stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $92.40, for a total value of $462,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Primerica by 1.2% in the second quarter. JPMorgan Chase & Co. now owns 502,000 shares of the financial services provider’s stock valued at $38,026,000 after acquiring an additional 5,981 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Primerica by 0.3% in the second quarter. Vanguard Group Inc. now owns 5,085,927 shares of the financial services provider’s stock valued at $385,260,000 after purchasing an additional 13,941 shares during the period. BB&T Securities LLC lifted its stake in shares of Primerica by 27.3% in the second quarter. BB&T Securities LLC now owns 11,103 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 2,379 shares during the period. Evanston Investments Inc. dba Evanston Advisors acquired a new stake in shares of Primerica in the third quarter valued at about $3,243,000. Finally, State Street Corp lifted its stake in shares of Primerica by 1.3% in the second quarter. State Street Corp now owns 1,780,565 shares of the financial services provider’s stock valued at $134,879,000 after purchasing an additional 22,430 shares during the period. 95.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Primerica (NYSE PRI) opened at $103.45 on Friday. The stock has a market cap of $4,601.80, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23. Primerica has a fifty-two week low of $68.60 and a fifty-two week high of $106.40.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, November 16th. Primerica’s payout ratio is currently 15.56%.

WARNING: “Primerica, Inc. (PRI) Expected to Post Quarterly Sales of $438.79 Million” was first published by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/12/03/primerica-inc-pri-expected-to-post-quarterly-sales-of-438-79-million.html.

About Primerica

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.

Get a free copy of the Zacks research report on Primerica (PRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Primerica (NYSE:PRI)

Receive News & Ratings for Primerica Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primerica Inc. and related companies with MarketBeat.com's FREE daily email newsletter.