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

Perimeter Solutions (NYSE:PRM) announced its quarterly 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. The business had revenue of $86.23 million for the quarter, compared to the consensus estimate of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%.

Perimeter Solutions Stock Performance

Shares of NYSE PRM traded down $0.80 during mid-day trading on Friday, hitting $10.03. The company had a trading volume of 1,917,585 shares, compared to its average volume of 807,262. The firm’s 50 day simple moving average is $12.57 and its two-hundred day simple moving average is $12.46. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -71.60 and a beta of 1.90. Perimeter Solutions has a 12 month low of $5.51 and a 12 month high of $14.44.

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.