Equities research analysts expect Presidio, Inc. (NASDAQ:PSDO) to report $742.74 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Presidio’s earnings. The lowest sales estimate is $735.00 million and the highest is $750.48 million. The business is expected to announce its next earnings results on Monday, February 5th.

According to Zacks, analysts expect that Presidio will report full year sales of $742.74 million for the current year. For the next fiscal year, analysts expect that the firm will post sales of $3.13 billion per share, with estimates ranging from $3.12 billion to $3.15 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Presidio.

Presidio (NASDAQ:PSDO) last announced its quarterly 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 business’s quarterly revenue was up 3.4% compared to the same quarter last year.

A number of analysts recently weighed in on PSDO shares. Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, November 22nd. Barclays raised their target price on shares of Presidio from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 7th. Evercore ISI restated a “buy” rating and set a $19.00 target price on shares of Presidio in a report on Friday, September 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price (down from $18.00) on shares of Presidio in a report on Wednesday, September 20th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.75.

In other news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of Presidio stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $13.61, for a total value of $125,212,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Presidio by 1.7% in the second quarter. American Century Companies Inc. now owns 675,750 shares of the company’s stock valued at $9,670,000 after purchasing an additional 11,046 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Presidio by 9.1% in the second quarter. Jennison Associates LLC now owns 1,081,660 shares of the company’s stock valued at $15,479,000 after buying an additional 89,901 shares in the last quarter. FMR LLC grew its stake in shares of Presidio by 23.0% in the second quarter. FMR LLC now owns 8,864,590 shares of the company’s stock valued at $126,852,000 after buying an additional 1,657,336 shares in the last quarter. Teachers Advisors LLC bought a new position in shares of Presidio in the second quarter valued at $490,000. Finally, Wells Fargo & Company MN grew its stake in shares of Presidio by 18,235.3% in the second quarter. Wells Fargo & Company MN now owns 55,006 shares of the company’s stock valued at $787,000 after buying an additional 54,706 shares in the last quarter. Institutional investors own 97.46% of the company’s stock.

Shares of Presidio (NASDAQ:PSDO) opened at $16.40 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.03. Presidio has a 52-week low of $12.75 and a 52-week high of $16.90.

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About Presidio

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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