Primerica Inc reports results for the quarter ended in June - Earnings Summary

Primerica

08/08/2024 06:17

* Primerica Inc  PRI.N  reported quarterly adjusted earnings
of
$4.71​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $3.99. 
The mean expectation of six analysts for the quarter was
for earnings of $4.47 per share. Wall Street expected results to
range from $4.38  to $4.60 per share.
    * Revenue rose 16.7% to $803.38 million from a year ago;
analysts
expected $748.89 million. 
    * Primerica Inc's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of $1.17
million.
    * Primerica Inc shares had risen by 1.9% this quarter and
gained 17.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the life & health
insurance peer group is also "hold"

Wall Street's median 12-month price target for Primerica Inc is
$262.00 
This summary was machine generated from LSEG data August 8 at
05:17 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      4.47           4.71           Beat
 Mar. 31 2024      4.12           3.91           Missed
 Dec. 31 2023      4.27           4.25           Missed
 Sep. 30 2023      4.03           4.28           Beat