Presidio Inc (NASDAQ:PSDO) – Equities research analysts at SunTrust Banks raised their Q2 2020 earnings per share (EPS) estimates for Presidio in a research note issued to investors on Tuesday, January 15th, according to Zacks Investment Research. SunTrust Banks analyst F. Atkins now expects that the company will post earnings of $0.20 per share for the quarter, up from their previous forecast of $0.18. SunTrust Banks currently has a “Buy” rating and a $17.00 price target on the stock. SunTrust Banks also issued estimates for Presidio’s FY2021 earnings at $1.03 EPS.
Presidio (NASDAQ:PSDO) last posted its earnings results on Wednesday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). Presidio had a return on equity of 5.21% and a net margin of 1.20%. The firm had revenue of $767.80 million for the quarter, compared to analysts’ expectations of $682.55 million. During the same period in the previous year, the company earned $0.31 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year.
Several other research analysts also recently weighed in on PSDO. Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. BidaskClub upgraded shares of Presidio from a “hold” rating to a “buy” rating in a research report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.50.
Shares of PSDO stock traded down $0.60 during mid-day trading on Thursday, hitting $15.25. 2,460,639 shares of the stock were exchanged, compared to its average volume of 339,024. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. Presidio has a 52-week low of $11.97 and a 52-week high of $17.81. The firm has a market cap of $1.26 billion, a P/E ratio of 10.97, a PEG ratio of 3.09 and a beta of 1.41.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Wednesday, March 27th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $0.16 annualized dividend and a dividend yield of 1.05%. Presidio’s dividend payout ratio (DPR) is presently 11.51%.
In other Presidio news, Director Steven J. Lerner acquired 10,000 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was bought at an average price 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 $264,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Presidio by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,292,336 shares of the company’s stock valued at $50,208,000 after acquiring an additional 412,067 shares during the last quarter. Vanguard Group Inc raised its holdings in Presidio by 14.3% in the 3rd quarter. Vanguard Group Inc now owns 3,292,336 shares of the company’s stock valued at $50,208,000 after acquiring an additional 412,067 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Presidio by 15.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,666,821 shares of the company’s stock worth $34,802,000 after buying an additional 362,744 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Presidio by 11.2% during the 4th quarter. BlackRock Inc. now owns 2,400,681 shares of the company’s stock worth $31,330,000 after buying an additional 241,868 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Presidio by 2.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,198,057 shares of the company’s stock worth $28,684,000 after buying an additional 53,116 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.
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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