Wall Street brokerages expect Presidio Inc (NASDAQ:PSDO) to post earnings per share of $0.34 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Presidio’s earnings, with estimates ranging from $0.33 to $0.34. Presidio posted earnings per share of $0.31 in the same quarter last year, which indicates a positive year over year growth rate of 9.7%. The business is expected to issue its next quarterly earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Presidio will report full year earnings of $1.51 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.51. For the next financial year, analysts forecast that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.60 to $1.67. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Presidio.

Presidio (NASDAQ:PSDO) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.05). Presidio had a net margin of 4.54% and a return on equity of 5.63%. The firm had revenue of $750.00 million for the quarter, compared to analyst estimates of $747.79 million. During the same period last year, the firm posted $0.38 EPS. The business’s revenue was up 2.6% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the stock. SunTrust Banks assumed coverage on shares of Presidio in a research note on Tuesday. They set a “buy” rating and a $17.00 price objective on the stock. Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. BidaskClub upgraded shares of Presidio from a “sell” rating to a “hold” rating in a research note on Saturday, November 17th. ValuEngine cut shares of Presidio from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Goldman Sachs Group assumed coverage on shares of Presidio in a research note on Monday, August 27th. They set a “neutral” rating and a $15.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.71.

In other Presidio news, Director Steven J. Lerner purchased 10,000 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were purchased at an average cost of $13.22 per share, for a total transaction of $132,200.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $264,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 10,750,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $14.75, for a total transaction of $158,562,500.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of PSDO. Sun Life Financial INC bought a new stake in Presidio in the second quarter worth about $144,000. Verition Fund Management LLC bought a new stake in Presidio in the third quarter worth about $165,000. Metropolitan Life Insurance Co. NY raised its position in Presidio by 49.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 13,131 shares of the company’s stock worth $172,000 after acquiring an additional 4,324 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Presidio in the second quarter worth about $175,000. Finally, Alambic Investment Management L.P. bought a new stake in Presidio in the second quarter worth about $186,000. Hedge funds and other institutional investors own 98.15% of the company’s stock.

Shares of NASDAQ PSDO traded down $0.15 during midday trading on Friday, reaching $13.78. 123,139 shares of the company traded hands, compared to its average volume of 149,158. Presidio has a 52 week low of $11.97 and a 52 week high of $19.74. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.31. The stock has a market cap of $1.15 billion, a P/E ratio of 9.91, a P/E/G ratio of 3.11 and a beta of 1.30.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Wednesday, December 26th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, December 24th. Presidio’s dividend payout ratio is currently 11.51%.

About Presidio

Presidio, Inc provides information technology (IT) solutions to the middle market in North America. The company offers digital infrastructure solutions that enable clients to deploy IT infrastructure, as well as focuses on networking, collaboration, enterprise mobility, Internet of Things, and data analytics.

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