Perimeter Solutions (NYSE:PRM) Posts Earnings Results, Beats Estimates By $0.21 EPS

Perimeter Solutions (NYSE:PRM - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.21, Zacks reports. The company had revenue of $86.23 million for the quarter, compared to analysts' expectations of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%.

Perimeter Solutions Price Performance

Shares of NYSE PRM traded down $0.80 during mid-day trading on Friday, reaching $10.03. 1,917,585 shares of the company traded hands, compared to its average volume of 807,262. Perimeter Solutions has a fifty-two week low of $5.51 and a fifty-two week high of $14.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The firm has a market cap of $1.47 billion, a PE ratio of -71.60 and a beta of 1.90. The stock has a fifty day simple moving average of $12.57 and a 200-day simple moving average of $12.46.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.