Primoris Services (PRIM) to Release Earnings on Monday

Primoris Services (NASDAQ:PRIM) is anticipated to release its earnings data after the market closes on Monday, February 24th. Analysts expect Primoris Services to post earnings of $0.76 per share and revenue of $1.59 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Primoris Services Stock Performance

Shares of NASDAQ:PRIM opened at $73.39 on Monday. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 24.30 and a beta of 1.14. Primoris Services has a 12 month low of $37.00 and a 12 month high of $90.86. The firm’s 50-day moving average is $79.23 and its 200 day moving average is $68.83. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.61.

Insiders Place Their Bets

In other Primoris Services news, Director David Lee King sold 2,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $83.98, for a total value of $167,960.00. Following the transaction, the director now directly owns 23,818 shares in the company, valued at $2,000,235.64. This represents a 7.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Primoris Services from $51.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. KeyCorp assumed coverage on shares of Primoris Services in a report on Wednesday, December 11th. They set an “overweight” rating and a $96.00 price target on the stock. DA Davidson upped their price target on shares of Primoris Services from $60.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group upped their price target on shares of Primoris Services from $75.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Primoris Services from $77.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Primoris Services has a consensus rating of “Buy” and a consensus target price of $91.50.

Primoris Services Company Profile

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.