Analysts expect Presidio Inc (NASDAQ:PSDO) to post sales of $688.67 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Presidio’s earnings, with estimates ranging from $677.34 million to $700.00 million. Presidio reported sales of $661.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The firm is expected to issue its next quarterly earnings results on Thursday, February 14th.
According to Zacks, analysts expect that Presidio will report full-year sales of $2.86 billion for the current financial year, with estimates ranging from $2.85 billion to $2.87 billion. For the next financial year, analysts forecast that the firm will report sales of $2.97 billion, with estimates ranging from $2.96 billion to $2.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Presidio.
Presidio (NASDAQ:PSDO) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.05). The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $747.79 million. Presidio had a return on equity of 6.33% and a net margin of 4.70%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Several research firms have issued reports on PSDO. ValuEngine upgraded Presidio from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. BidaskClub upgraded Presidio from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Zacks Investment Research cut Presidio from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Finally, Goldman Sachs Group began coverage on Presidio in a research report on Monday, August 27th. They issued a “neutral” rating and a $15.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.71.
NASDAQ:PSDO opened at $13.45 on Friday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 2.76 and a beta of 1.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.06 and a quick ratio of 1.03. Presidio has a 1 year low of $11.97 and a 1 year high of $19.74.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Wednesday, December 26th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, December 24th. Presidio’s dividend payout ratio is currently 11.51%.
In other news, major shareholder Apollo Management Holdings Gp, sold 10,750,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $14.75, for a total value of $158,562,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Sun Life Financial INC purchased a new stake in Presidio during the 2nd quarter worth about $144,000. Metropolitan Life Insurance Co. NY increased its position in Presidio by 49.1% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 13,131 shares of the company’s stock worth $172,000 after purchasing an additional 4,324 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Presidio during the 2nd quarter worth about $175,000. Alliancebernstein L.P. purchased a new stake in Presidio during the 3rd quarter worth about $215,000. Finally, Alambic Investment Management L.P. purchased a new stake in Presidio during the 2nd quarter worth about $186,000.
Presidio Company Profile
Presidio, Inc provides information technology (IT) solutions to the middle market in North America. The company offers digital infrastructure solutions that enable clients to deploy IT infrastructure, as well as focuses on networking, collaboration, enterprise mobility, Internet of Things, and data analytics.
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