Primerica Earnings Announcement Set for Tuesday

Primerica (NYSE:PRI) is expected to announce its quarterly earnings after the market closes on Tuesday, February 11th. According to analysts, Primerica is forecasted to report earnings of $4.81 per share, alongside expected revenues of $772.58 million for the quarter. For individuals interested in participating in the earnings conference call, they can find a registration link available online.

The last earnings report from Primerica was released on November 6th. The company exceeded expectations by reporting earnings of $5.68 per share, surpassing the consensus estimate of $4.81 by $0.87. The financial services provider recorded a net margin of 14.95% and a remarkable return on equity of 30.93%. Revenue for that quarter was reported at $774.13 million, exceeding analyst predictions of $745.25 million. Comparatively, during the same quarter the previous year, Primerica earned $4.28 per share, marking an 11.0% increase in revenue year-over-year. Looking ahead, analysts anticipate Primerica will post an earnings per share of $20 for both the current and following fiscal years.

Current Stock Performance

As of Friday, Primerica's stock opened at $296.91. The company has seen a yearly low of $184.76 and a high of $307.91. Its 50-day moving average stands at $283.37, while the 200-day moving average is at $274.49. Primerica has a market capitalization of $9.91 billion, a price-to-earnings ratio of 22.68, and a beta of 1.11.

Recent news also included an announcement from Primerica’s Board of Directors regarding a new share buyback program initiated on November 14th, which allows the company to repurchase up to $450.00 million in outstanding shares. Share buyback programs often indicate that a company's leadership believes its stock is currently undervalued.

Insider Transactions

In other updates related to Primerica, CEO Glenn J. Williams sold 3,000 shares on November 11th. The shares were sold at an average price of $301.27, equating to a total value of approximately $903,810. Following this sale, Williams now holds 36,322 shares, valued at roughly $10,942,728.94. This transaction represented a decrease of 7.63% in his ownership stake. Details of this trade were disclosed in a filing with the SEC.

Market Analyst Ratings

Multiple equity analysts have provided insights regarding Primerica. Piper Sandler adjusted their target price for the company from $313.00 to $300.00 and maintained a "neutral" rating. On January 23rd, BMO Capital Markets began covering Primerica, assigning a "market perform" rating alongside a target price of $311.00. Keefe, Bruyette & Woods also adjusted their price target, reducing it from $320.00 to $315.00 with a "market perform" rating. Additionally, StockNews.com lowered the rating on Primerica from "buy" to "hold." Conversely, Truist Financial raised their price target from $300.00 to $340.00, giving the company a "buy" rating in a report from November 8th. Currently, seven analysts have rated Primerica with a "hold," while two have rated it as a buy. According to MarketBeat.com, the average rating for the stock remains as "Hold," with an average target price of $304.14.

About Primerica

Primerica, Inc., along with its subsidiaries, provides a range of financial products and services targeted at middle-income households across the United States and Canada. The company operates in four main sectors: Term Life Insurance, Investment and Savings Products, Senior Health, and Corporate and Other Distributed Products.

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