Primerica, Inc. (PRI) Expected to Announce Earnings of $1.44 Per Share

Equities analysts expect Primerica, Inc. (NYSE:PRI) to post $1.44 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Primerica’s earnings, with estimates ranging from $1.42 to $1.47. Primerica posted earnings per share of $1.19 during the same quarter last year, which suggests a positive year-over-year growth rate of 21%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 7th.

On average, analysts expect that Primerica will report full year earnings of $5.36 per share for the current financial year, with EPS estimates ranging from $5.34 to $5.40. For the next year, analysts forecast that the company will report earnings of $6.50 per share, with EPS estimates ranging from $6.10 to $7.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Primerica.

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

Several research analysts recently commented on PRI shares. Zacks Investment Research raised Primerica from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Wednesday, October 11th. SunTrust Banks cut 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. ValuEngine raised Primerica from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. 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. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $100.00 target price (up from $95.00) on shares of Primerica in a research report on Tuesday, January 9th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Primerica has a consensus rating of “Hold” and a consensus target price of $92.40.

Shares of Primerica (NYSE:PRI) traded up $1.30 during mid-day trading on Friday, reaching $104.50. The company had a trading volume of 168,923 shares, compared to its average volume of 203,744. The company has a market capitalization of $4,620.00, a PE ratio of 20.29, a P/E/G ratio of 1.61 and a beta of 1.24. Primerica has a 52-week low of $70.00 and a 52-week high of $106.40.

In related news, VP Gregory C. Pitts sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $92.40, for a total value of $462,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Balyasny Asset Management LLC lifted its holdings in shares of Primerica by 0.8% during the second quarter. Balyasny Asset Management LLC now owns 12,712 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 100 shares during the period. Amalgamated Bank lifted its holdings in shares of Primerica by 1.8% during the second quarter. Amalgamated Bank now owns 6,552 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 113 shares during the period. Dana Investment Advisors Inc. lifted its holdings in shares of Primerica by 0.6% during the second quarter. Dana Investment Advisors Inc. now owns 35,606 shares of the financial services provider’s stock valued at $2,697,000 after acquiring an additional 226 shares during the period. Advisor Group Inc. lifted its holdings in shares of Primerica by 15.3% during the second quarter. Advisor Group Inc. now owns 4,489 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 596 shares during the period. Finally, BB&T Securities LLC lifted its holdings in shares of Primerica by 6.4% during the third quarter. BB&T Securities LLC now owns 11,812 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 709 shares during the period. 95.91% of the stock is owned by institutional investors.

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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.

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