Primerica (PRI) to Release Earnings on Wednesday

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Primerica (NYSE:PRI) will release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Primerica to post earnings of $2.14 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Primerica (NYSE:PRI) last released its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.03. Primerica had a return on equity of 22.89% and a net margin of 17.44%. The firm had revenue of $494.99 million during the quarter, compared to the consensus estimate of $498.57 million. During the same quarter in the prior year, the firm posted $1.47 EPS. The business’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect Primerica to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of Primerica stock opened at $111.25 on Tuesday. Primerica has a 12-month low of $90.28 and a 12-month high of $132.17. The company has a market cap of $4.96 billion, a PE ratio of 15.18 and a beta of 1.39. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $122.17.

In other news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $121.84, for a total transaction of $365,520.00. Following the sale, the chief executive officer now owns 72,620 shares in the company, valued at approximately $8,848,020.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Alison S. Rand sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $119.69, for a total value of $239,380.00. Following the sale, the chief financial officer now owns 19,337 shares in the company, valued at approximately $2,314,445.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,000 shares of company stock worth $834,940. Company insiders own 0.84% of the company’s stock.

Separately, Citigroup set a $108.00 price objective on Primerica and gave the stock a “sell” rating in a research note on Thursday, May 23rd.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.

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Earnings History for Primerica (NYSE:PRI)

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