Wall Street analysts expect Presidio Inc (NASDAQ:PSDO) to announce sales of $744.32 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Presidio’s earnings. The lowest sales estimate is $735.00 million and the highest is $753.63 million. Presidio posted sales of $765.00 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.7%. The business is scheduled to report its next earnings report on Monday, November 5th.

According to Zacks, analysts expect that Presidio will report full year sales of $2.88 billion for the current financial year, with estimates ranging from $2.87 billion to $2.88 billion. For the next year, analysts forecast that the company will report sales of $2.99 billion per share, with estimates ranging from $2.99 billion to $3.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Presidio.

Presidio (NASDAQ:PSDO) last released its earnings results on Thursday, September 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.17. The firm had revenue of $766.30 million during the quarter, compared to the consensus estimate of $756.81 million. Presidio had a return on equity of 6.33% and a net margin of 4.70%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS.

PSDO has been the subject of several recent analyst reports. Goldman Sachs Group initiated coverage on Presidio in a research report on Monday, August 27th. They set a “neutral” rating and a $15.00 price objective for the company. ValuEngine upgraded Presidio from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Zacks Investment Research upgraded Presidio from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, BidaskClub upgraded Presidio from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.71.

Shares of PSDO stock traded down $0.45 on Wednesday, hitting $16.39. 171,300 shares of the company’s stock were exchanged, compared to its average volume of 194,608. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.89. Presidio has a 12 month low of $11.97 and a 12 month high of $19.74. The company has a market cap of $1.56 billion, a P/E ratio of 11.89, a P/E/G ratio of 3.01 and a beta of 1.08.

The firm also recently disclosed an annual dividend, which will be paid on Friday, October 5th. Investors of record on Wednesday, September 26th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 25th. This represents a dividend yield of 0.24%.

In related news, major shareholder Apollo Management Holdings Gp, sold 10,750,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $14.75, for a total transaction of $158,562,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in PSDO. Sun Life Financial INC bought a new position in Presidio in the second quarter valued at about $144,000. Metropolitan Life Insurance Co. NY raised its position in Presidio by 49.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 13,131 shares of the company’s stock valued at $172,000 after purchasing an additional 4,324 shares during the last quarter. Engineers Gate Manager LP bought a new position in Presidio in the second quarter valued at about $175,000. Alambic Investment Management L.P. bought a new position in Presidio in the second quarter valued at about $186,000. Finally, BlueMountain Capital Management LLC bought a new position in Presidio in the second quarter valued at about $197,000. 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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