Primerica Earnings: Everything You Must Know Now
Primerica, Inc. (NYSE:PRI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Primerica, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4.84% to $0.65 in the quarter versus EPS of $0.62 in the year-earlier quarter.
Revenue: Rose 7.61% to $308.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Primerica, Inc. reported adjusted EPS income of $0.65 per share. By that measure, the company missed the mean analyst estimate of $0.69. It missed the average revenue estimate of $311.75 million.
Quoting Management: Rick Williams, Chairman of the Board and Co-Chief Executive Officer said, “Our strong distribution in core businesses drove the quarter’s results. We continue to see steady growth in our Term Life business which provides a stable, recurring future earnings stream, coupled with strong performance in our high return ISP business. We remain focused on driving organic earnings growth and providing meaningful, long-term shareholder value.”
Key Stats (on next page)…