Perimeter Solutions (NYSE:PRM) Posts Earnings Results, Misses Expectations By $0.04 EPS

Perimeter Solutions (NYSE:PRM - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.04), Zacks reports. The firm had revenue of $59.04 million during the quarter, compared to analyst estimates of $55.00 million. Perimeter Solutions had a return on equity of 1.78% and a net margin of 20.95%. During the same period in the prior year, the firm earned ($0.05) earnings per share.

Perimeter Solutions Trading Up 2.4 %

NYSE PRM traded up $0.18 on Friday, reaching $7.60. 622,079 shares of the company were exchanged, compared to its average volume of 645,995. The business's fifty day moving average price is $6.96 and its 200 day moving average price is $5.27. The stock has a market capitalization of $1.20 billion, a P/E ratio of 19.00 and a beta of 1.97. The company has a current ratio of 4.56, a quick ratio of 1.91 and a debt-to-equity ratio of 0.58. Perimeter Solutions has a fifty-two week low of $2.79 and a fifty-two week high of $8.02.

Analyst Ratings Changes

Separately, UBS Group lifted their price target on Perimeter Solutions from $6.50 to $7.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 26th.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.