Primerica, Inc. (NYSE:PRI) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.35 per share.
Looking ahead, the full year income are expected at $ 9.19 per share on the revenues of $ 2161.27 million.
Previous Quarter Performance
Primerica, Inc. came out with income for the second quarter of $ 2.44 per share, from the revenue of $ 525.82 million. The consensus estimates are income of $ 2.08 per share from $ 509.95 million in revenue. The bottom line results beat street analysts by $ 0.36 or 17.31 percent, at the same time, top line results outshined analysts by $ 15.87 million or 3.11 percent.
Stock Performance
Shares of Primerica, Inc. traded up $ 1.79 or 1.60 percent on Tuesday, reaching $ 113.44 with volume of 142.40 thousand shares. Primerica, Inc. has traded high as $ 114.99 and has cracked $ 112.98 on the downward trend
According to the previous trading day, closing price of $ 113.44, representing a 82.43 % increase from the 52 week low of $ 61.20 and a 19.12 % decrease over the 52 week high of $ 138.05.
The company has a market capital of $ 4.48 billion and is part of the Financial Services sector and Insurance – Life industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 142.00 target price.
- On 15th September 2020, initiated by Morgan Stanley at Overweight rating, with $ 149.00 target price.
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.
