Primoris Services (NASDAQ:PRIM - Get Free Report) is anticipated to announce its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $1.59 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
Primoris Services Trading Down 4.8 %
NASDAQ:PRIM traded down $3.44 on Thursday, reaching $67.56. 1,631,376 shares of the company's stock were exchanged, compared to its average volume of 750,399. The business has a fifty day moving average of $78.83 and a 200-day moving average of $69.13. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. Primoris Services has a 52-week low of $37.00 and a 52-week high of $90.86. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 22.37 and a beta of 1.14.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on PRIM. The Goldman Sachs Group raised their price target on shares of Primoris Services from $51.00 to $78.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on Primoris Services from $77.00 to $88.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. KeyCorp initiated coverage on Primoris Services in a report on Wednesday, December 11th. They set an "overweight" rating and a $96.00 price target on the stock. UBS Group increased their price target on Primoris Services from $75.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, DA Davidson boosted their price objective on Primoris Services from $60.00 to $85.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $91.50.
Get Our Latest Report on PRIM
Insider Transactions at Primoris Services
In related news, Director David Lee King sold 2,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $83.98, for a total transaction of $167,960.00. Following the completion of the sale, the director now owns 23,818 shares in the company, valued at $2,000,235.64. The trade was a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company's stock.
About Primoris Services
(
Get Free Report)
Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through Utilities and Energy/Renewables segments. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems.
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