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

Perimeter Solutions (NYSE:PRM) issued its quarterly earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.21, Zacks reports. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The company had revenue of $86.23 million for the quarter, compared to analysts’ expectations of $77.01 million.

Perimeter Solutions Price Performance

Shares of PRM stock traded down $0.80 during mid-day trading on Friday, hitting $10.03. 1,917,585 shares of the stock traded hands, compared to its average volume of 807,262. Perimeter Solutions has a twelve month low of $5.51 and a twelve month high of $14.44. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -71.60 and a beta of 1.90. The company’s 50-day simple moving average is $12.57 and its 200-day simple moving average is $12.46. 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 Company Profile

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.