Wall Street analysts expect Presidio Inc (NASDAQ:PSDO) to report $742.74 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Presidio’s earnings, with the lowest sales estimate coming in at $735.00 million and the highest estimate coming in at $750.48 million. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, February 8th.
According to Zacks, analysts expect that Presidio will report full-year sales of $742.74 million for the current year. For the next financial year, analysts anticipate that the company will post sales of $3.13 billion per share, with estimates ranging from $3.12 billion to $3.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Presidio.
Presidio (NASDAQ:PSDO) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05.
Shares of Presidio (NASDAQ:PSDO) opened at $18.31 on Thursday. The company has a market capitalization of $1,680.00 and a PE ratio of 130.79. Presidio has a twelve month low of $12.75 and a twelve month high of $19.74. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.13.
In related news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $13.61, for a total transaction of $125,212,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in 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 during the period. Vaughan Nelson Investment Management L.P. raised its stake in Presidio by 39.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,727,025 shares of the company’s stock valued at $33,107,000 after buying an additional 486,625 shares during the period. Vanguard Group Inc. bought a new stake in Presidio in the second quarter valued at approximately $18,605,000. Jennison Associates LLC raised its stake in Presidio by 4.7% in the third quarter. Jennison Associates LLC now owns 1,132,258 shares of the company’s stock valued at $16,021,000 after buying an additional 50,598 shares during the period. Finally, American Century Companies Inc. raised its stake in Presidio by 41.4% in the third quarter. American Century Companies Inc. now owns 955,267 shares of the company’s stock valued at $13,517,000 after buying an additional 279,517 shares during the period. Hedge funds and other institutional investors own 97.51% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This article was reported by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.americanbankingnews.com/2018/02/01/analysts-anticipate-presidio-inc-psdo-will-post-quarterly-sales-of-742-74-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Presidio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presidio and related companies with MarketBeat.com's FREE daily email newsletter.