Equities research analysts expect Primerica, Inc. (NYSE:PRI) to post $478.53 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Primerica’s earnings, with the lowest sales estimate coming in at $477.32 million and the highest estimate coming in at $479.75 million. Primerica reported sales of $427.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The business is expected to announce its next earnings report on Tuesday, November 6th.

On average, analysts expect that Primerica will report full-year sales of $1.90 billion for the current fiscal year. For the next year, analysts anticipate that the business will post sales of $2.08 billion per share, with estimates ranging from $2.06 billion to $2.09 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Primerica.

Primerica (NYSE:PRI) last released its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.12. Primerica had a return on equity of 21.07% and a net margin of 21.55%. The company had revenue of $467.82 million for the quarter, compared to analyst estimates of $466.82 million. During the same period in the prior year, the company posted $1.36 EPS.

PRI has been the topic of several analyst reports. Zacks Investment Research upgraded Primerica from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Saturday, August 11th. ValuEngine upgraded Primerica from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. SunTrust Banks upped their price objective on Primerica to $118.00 and gave the company a “hold” rating in a research note on Monday, July 30th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $112.00 price objective on shares of Primerica in a research note on Thursday, July 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $116.00.

In related news, President Peter W. Schneider sold 3,000 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $121.78, for a total transaction of $365,340.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William A. Kelly sold 1,250 shares of the stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $104.38, for a total value of $130,475.00. Following the sale, the insider now owns 17,772 shares in the company, valued at $1,855,041.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,500 shares of company stock worth $1,563,313. 0.89% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new stake in Primerica during the 1st quarter worth approximately $204,000. Atria Investments LLC acquired a new position in Primerica during the 2nd quarter worth $211,000. Raymond James Financial Services Advisors Inc. acquired a new position in Primerica during the 2nd quarter worth $212,000. Mount Yale Investment Advisors LLC acquired a new position in Primerica during the 1st quarter worth $265,000. Finally, Csenge Advisory Group lifted its holdings in Primerica by 34.8% during the 1st quarter. Csenge Advisory Group now owns 2,790 shares of the financial services provider’s stock worth $270,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds own 89.26% of the company’s stock.

Shares of PRI stock traded up $1.40 during trading hours on Tuesday, hitting $124.50. The company had a trading volume of 198,996 shares, compared to its average volume of 203,620. Primerica has a 12 month low of $71.60 and a 12 month high of $124.60. The firm has a market cap of $5.25 billion, a P/E ratio of 22.55 and a beta of 1.15.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, August 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.80%. Primerica’s dividend payout ratio (DPR) is presently 18.12%.

About Primerica

Primerica, Inc, together with its subsidiaries, distributes 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 and Estimates for Primerica (NYSE:PRI)

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