Zacks: Brokerages Expect Presidio Inc (PSDO) to Announce $0.33 EPS

Brokerages expect Presidio Inc (NASDAQ:PSDO) to announce earnings of $0.33 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Presidio’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.34. Presidio reported earnings of $0.31 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The business is expected to report its next quarterly earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Presidio will report full year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.48 to $1.50. For the next fiscal year, analysts expect that the business will post earnings of $1.65 per share, with EPS estimates ranging from $1.60 to $1.69. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Presidio.

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

A number of research analysts have commented on the company. Goldman Sachs Group assumed coverage on Presidio in a report on Monday, August 27th. They set a “neutral” rating and a $15.00 target price on the stock. ValuEngine downgraded Presidio from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised Presidio from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. BidaskClub raised Presidio from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Finally, SunTrust Banks assumed coverage on Presidio in a report on Tuesday. They set a “buy” rating and a $17.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.71.

NASDAQ:PSDO traded up $0.03 during trading hours on Friday, reaching $13.93. 220,100 shares of the stock were exchanged, compared to its average volume of 209,083. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.31. Presidio has a 52 week low of $11.97 and a 52 week high of $19.74. The company has a market cap of $1.14 billion, a PE ratio of 10.00, a P/E/G ratio of 3.10 and a beta of 1.30.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Wednesday, December 26th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, December 24th. Presidio’s dividend payout ratio (DPR) is 11.51%.

In related news, major shareholder Apollo Management Holdings Gp, sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $15.24, for a total value of $45,720,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven J. Lerner purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was bought at an average cost of $13.22 per share, for a total transaction of $132,200.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $264,400. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Presidio by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,292,336 shares of the company’s stock worth $50,208,000 after purchasing an additional 412,067 shares during the last quarter. IndexIQ Advisors LLC lifted its holdings in shares of Presidio by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 145,348 shares of the company’s stock worth $2,217,000 after purchasing an additional 5,489 shares during the last quarter. Luminus Management LLC bought a new stake in shares of Presidio in the 3rd quarter worth approximately $1,504,000. MetLife Investment Advisors LLC lifted its holdings in shares of Presidio by 54.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 19,474 shares of the company’s stock worth $297,000 after purchasing an additional 6,892 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Presidio in the 3rd quarter worth approximately $165,000. 98.15% of the stock is currently owned by institutional investors and hedge funds.

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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