Two analysts have increased their EPS forecasts for this financial company in the past 30 days.
Primerica (PRI)
From Upside
Primerica’s (PRI) capital spending jumped 85%. The company spent $150 million on stock repurchases, trimming the share count by 5%.
Primerica’s dividend yield looks modest compared to an average of 2.4% for financial stocks in the S&P 400 and S&P 600. However, the company boosted its dividend 12% over the past year and 28% annually over the last three years. In November, management authorized a $200 million share-repurchase program.
A leading distributor of financial products to middle-income households, Primerica insured roughly 5 million lives and had more than 2 million investment accounts on December 31. The company will announce March-quarter results on May 9. The consensus expects per share profits of $1.17, up 26%, on revenue growth of 10%. Over the past four quarters, Primerica topped the consensus profit estimate three times.
Analyst estimates are trending higher for 2017, with the consensus expecting 16% higher profits. Primerica is a Best Buy.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, May 2017