Primerica (PRI) to Release Earnings on Tuesday

Primerica (NYSE:PRI - Get Free Report) is expected to post its Q4 2024 quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Primerica to post earnings of $4.81 per share and revenue of $772.58 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Primerica (NYSE:PRI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The financial services provider reported $5.03 EPS for the quarter, beating analysts' consensus estimates of $4.81 by $0.22. Primerica had a return on equity of 30.93% and a net margin of 14.95%. On average, analysts expect Primerica to post $20 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Primerica Stock Performance

Shares of Primerica stock traded down $11.49 on Wednesday, reaching $278.65. 251,359 shares of the company were exchanged, compared to its average volume of 142,416. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 21.29 and a beta of 1.11. Primerica has a 1-year low of $184.76 and a 1-year high of $307.91. The company's 50-day moving average is $283.06 and its two-hundred day moving average is $275.43.

Primerica declared that its Board of Directors has initiated a share buyback program on Thursday, November 14th that allows the company to buyback $450.00 million in shares. This buyback authorization allows the financial services provider to buy up to 4.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.

Primerica Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 21st will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.49%. This is a positive change from Primerica's previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Friday, February 21st. Primerica's dividend payout ratio is 27.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PRI shares. Keefe, Bruyette & Woods cut their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research note on Friday, January 10th. BMO Capital Markets started coverage on shares of Primerica in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 price target for the company. TD Cowen raised their price objective on shares of Primerica from $314.00 to $345.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Truist Financial increased their price target on Primerica from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $304.14.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.