Perimeter Solutions (NYSE:PRM) Issues Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Perimeter Solutions (NYSE:PRM) released its earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.21, Zacks reports. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. The company had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million.

Perimeter Solutions Price Performance

PRM traded down $0.49 during trading on Friday, reaching $10.34. 470,704 shares of the company traded hands, compared to its average volume of 1,124,691. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. Perimeter Solutions has a 12-month low of $5.51 and a 12-month high of $14.44. The firm has a fifty day simple moving average of $12.62 and a 200 day simple moving average of $12.45. The company has a market cap of $1.51 billion, a P/E ratio of -9.16 and a beta of 1.90.

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.