Equities research analysts expect Primoris Services Corp (NASDAQ:PRIM) to report earnings of $0.63 per share for the current quarter, according to Zacks. Two analysts have made estimates for Primoris Services’ earnings. Primoris Services reported earnings per share of $0.25 in the same quarter last year, which would indicate a positive year over year growth rate of 152%. The company is scheduled to report its next quarterly earnings results on Monday, February 25th.
On average, analysts expect that Primoris Services will report full-year earnings of $1.50 per share for the current fiscal year. For the next financial year, analysts expect that the firm will post earnings of $1.79 per share, with EPS estimates ranging from $1.42 to $2.15. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Primoris Services.
A number of equities analysts have commented on the company. Zacks Investment Research downgraded Primoris Services from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. BidaskClub upgraded Primoris Services from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. ValuEngine downgraded Primoris Services from a “hold” rating to a “sell” rating in a research note on Friday, December 21st. Finally, TheStreet downgraded Primoris Services from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $29.00.
PRIM stock traded up $0.26 during midday trading on Wednesday, reaching $20.00. The company had a trading volume of 2,223 shares, compared to its average volume of 149,812. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.52. Primoris Services has a fifty-two week low of $17.82 and a fifty-two week high of $28.90. The company has a market cap of $1.01 billion, a P/E ratio of 17.41, a PEG ratio of 1.11 and a beta of 1.35.
Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Primoris Services during the fourth quarter worth approximately $47,000. Quantamental Technologies LLC acquired a new position in shares of Primoris Services during the fourth quarter worth approximately $80,000. Quantbot Technologies LP boosted its position in shares of Primoris Services by 161.5% during the third quarter. Quantbot Technologies LP now owns 4,522 shares of the construction company’s stock worth $112,000 after buying an additional 2,793 shares during the period. Jane Street Group LLC acquired a new position in shares of Primoris Services during the second quarter worth approximately $202,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Primoris Services during the third quarter worth approximately $348,000. Institutional investors and hedge funds own 77.94% of the company’s stock.
Primoris Services Company Profile
Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services in the United States and internationally. It operates through Power, Pipeline, Utilities, and Civil segments.
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