Primerica (PRI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

By: Masoud Bidgoli
MideastTime.com, November 5, 2014

Primerica (NYSE:PRI) issued its quarterly earnings data on Tuesday. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.01, American Banking News reports. The company had revenue of $339.19 million for the quarter, compared to the consensus estimate of $334.50 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis.

A number of research firms have recently commented on PRI. Analysts at Raymond James downgraded shares of Primerica from an “outperform” rating to a “market perform” rating in a research note on Monday, October 20th. They now have a $54.00 price target on the stock. They noted that the move was a valuation call. Analysts at Macquarie reiterated a “neutral” rating on shares of Primerica in a research note on Thursday, August 7th. They now have a $45.00 price target on the stock, up previously from $43.00.

Primerica (NYSE:PRI) traded up 1.72% during mid-day trading on Tuesday, hitting $51.96. 225,592 shares of the company’s stock traded hands. Primerica has a 52-week low of $39.12 and a 52-week high of $51.69. The stock has a 50-day moving average of $48. and a 200-day moving average of $47.32. The company has a market cap of $2.821 billion and a P/E ratio of 16.33.

Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.

For more information about Primerica and their philanthropic work, visit primerica.com or theprimericafoundation.com

14PFS532