Primerica (PRI) Projected to Post Earnings on Tuesday

Primerica (NYSE:PRI) is projected to announce its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $4.81 per share and revenue of $772.58 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Primerica Price Performance

Shares of NYSE PRI opened at $296.91 on Monday. Primerica has a one year low of $184.76 and a one year high of $307.91. The business’s 50-day moving average price is $283.37 and its two-hundred day moving average price is $274.65. The company has a market capitalization of $9.91 billion, a P/E ratio of 22.68 and a beta of 1.11.

Primerica declared that its Board of Directors has approved a stock buyback program on Thursday, November 14th that allows the company to buyback $450.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

PRI has been the subject of several analyst reports. StockNews.com lowered Primerica from a “buy” rating to a “hold” rating in a report on Friday. Piper Sandler reduced their price objective on shares of Primerica from $313.00 to $300.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. 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 target price on the stock. Keefe, Bruyette & Woods cut their target price on shares of Primerica from $320.00 to $315.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. Finally, Truist Financial upped their price target on shares of Primerica from $300.00 to $340.00 and gave the company a “buy” rating in a report on Friday, November 8th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $304.14.

Primerica Company Profile

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.