Presidio (NASDAQ:PSDO) issued its quarterly earnings results on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.17, Bloomberg Earnings reports. The firm had revenue of $766.30 million during the quarter, compared to analyst estimates of $756.81 million. Presidio had a return on equity of 6.06% and a net margin of 4.61%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS.

Shares of NASDAQ:PSDO opened at $15.51 on Friday. Presidio has a one year low of $11.97 and a one year high of $19.74. The firm has a market cap of $1.44 billion, a PE ratio of 310.20, a P/E/G ratio of 3.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.07 and a quick ratio of 1.04.

A number of equities analysts have issued reports on PSDO shares. ValuEngine raised Presidio from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Barclays decreased their price target on Presidio from $19.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, May 11th. BidaskClub raised Presidio from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Zacks Investment Research raised Presidio from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, Wells Fargo & Co lowered Presidio from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.71.

An institutional investor recently raised its position in Presidio stock. Bank of New York Mellon Corp grew its stake in shares of Presidio Inc (NASDAQ:PSDO) by 22.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 157,155 shares of the company’s stock after acquiring an additional 28,805 shares during the period. Bank of New York Mellon Corp owned about 0.17% of Presidio worth $2,059,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 99.46% of the company’s stock.

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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Earnings History for Presidio (NASDAQ:PSDO)

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