Equities analysts expect that Presidio Inc (NASDAQ:PSDO) will post $744.32 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Presidio’s earnings, with the lowest sales estimate coming in at $735.00 million and the highest estimate coming in at $753.63 million. Presidio posted sales of $765.00 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.7%. The company is scheduled to announce its next quarterly earnings report on Monday, November 5th.
According to Zacks, analysts expect that Presidio will report full-year sales of $2.88 billion for the current year, with estimates ranging from $2.87 billion to $2.88 billion. For the next year, analysts anticipate that the firm will post sales of $2.99 billion per share, with estimates ranging from $2.99 billion to $3.00 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Presidio.
Presidio (NASDAQ:PSDO) last issued its earnings results on Thursday, September 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.17. The business had revenue of $766.30 million during the quarter, compared to the consensus estimate of $756.81 million. Presidio had a return on equity of 6.33% and a net margin of 4.70%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS.
In other news, major shareholder Apollo Management Holdings Gp, sold 10,750,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $14.75, for a total transaction of $158,562,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSDO. BlackRock Inc. increased its stake in Presidio by 45.5% in the 1st quarter. BlackRock Inc. now owns 1,770,595 shares of the company’s stock valued at $27,692,000 after purchasing an additional 554,091 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Presidio by 30.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,261,466 shares of the company’s stock valued at $35,370,000 after purchasing an additional 534,441 shares in the last quarter. Comerica Bank purchased a new position in Presidio in the 1st quarter valued at approximately $4,257,000. Dimensional Fund Advisors LP purchased a new position in Presidio in the 2nd quarter valued at approximately $3,294,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Presidio by 6.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,129,434 shares of the company’s stock valued at $27,896,000 after purchasing an additional 136,647 shares in the last quarter. 99.46% of the stock is owned by hedge funds and other institutional investors.
Shares of PSDO stock traded up $0.11 during trading hours on Wednesday, reaching $16.84. 253,852 shares of the company’s stock were exchanged, compared to its average volume of 196,347. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08. Presidio has a 1 year low of $11.97 and a 1 year high of $19.74. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 0.89.
The firm also recently announced an annual dividend, which will be paid on Friday, October 5th. Stockholders of record on Wednesday, September 26th will be paid a dividend of $0.04 per share. This represents a dividend yield of 0.24%. The ex-dividend date is Tuesday, September 25th.
Presidio Company Profile
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.
Recommended Story: Trading Strategy Methods and Types
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Presidio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presidio and related companies with MarketBeat.com's FREE daily email newsletter.