Primoris Services (NASDAQ:PRIM) Updates FY 2025 Earnings Guidance

Primoris Services (NASDAQ:PRIM) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 4.200-4.400 for the period, compared to the consensus EPS estimate of 4.040. The company issued revenue guidance of -.

Primoris Services Trading Up 9.7 %

Primoris Services stock opened at $70.54 on Wednesday. Primoris Services has a 52 week low of $37.00 and a 52 week high of $90.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 23.36 and a beta of 1.14. The company has a 50 day moving average price of $77.76 and a 200 day moving average price of $69.72.

Primoris Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, March 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. Primoris Services’s dividend payout ratio is 10.60%.

Analysts Set New Price Targets

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

Insider Activity

In other Primoris Services news, Director David Lee King sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 23,818 shares of the company’s stock, valued at approximately $2,000,235.64. The trade was a 7.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

About Primoris Services

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.