Perimeter Solutions (NYSE:PRM) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Perimeter Solutions (NYSE:PRM) issued its earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.11, Zacks reports. The business had revenue of $127.28 million for the quarter, compared to analysts’ expectations of $113.41 million. Perimeter Solutions had a positive return on equity of 0.27% and a negative net margin of 7.26%. During the same period in the previous year, the firm posted ($0.05) EPS.

Perimeter Solutions Price Performance

Shares of Perimeter Solutions stock traded down $1.03 on Friday, hitting $9.70. 1,115,337 shares of the company were exchanged, compared to its average volume of 754,081. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -42.17 and a beta of 1.97. The company has a 50-day moving average price of $8.02 and a 200 day moving average price of $6.93. Perimeter Solutions has a 1-year low of $2.79 and a 1-year high of $11.38. The company has a quick ratio of 1.47, a current ratio of 3.79 and a debt-to-equity ratio of 0.64.

Insider Transactions at Perimeter Solutions

In related news, Director Jorge Valladares bought 42,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average cost of $7.15 per share, for a total transaction of $300,300.00. Following the acquisition, the director now directly owns 14,000 shares in the company, valued at approximately $100,100. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.70% of the company’s stock.

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.