Primoris Services (PRIM) to Release Quarterly Earnings on Monday

Primoris Services (NASDAQ:PRIM) is anticipated to issue its quarterly earnings data 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. Parties that wish to listen to the company’s conference call can do so using this link.

Primoris Services Stock Performance

PRIM opened at $66.06 on Friday. The stock has a market cap of $3.55 billion, a P/E ratio of 21.87 and a beta of 1.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38. The stock’s 50 day simple moving average is $78.32 and its 200 day simple moving average is $69.38. Primoris Services has a 1-year low of $37.00 and a 1-year high of $90.86.

Insider Buying and Selling at Primoris Services

In other Primoris Services news, Director David Lee King sold 2,000 shares of the stock in a transaction 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 transaction, the director now owns 23,818 shares of the company’s stock, valued at $2,000,235.64. This represents a 7.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

PRIM has been the topic of a number of research reports. Guggenheim initiated coverage on Primoris Services in a report on Wednesday, January 8th. They issued a “buy” rating and a $102.00 price target on the stock. UBS Group upped their price target on Primoris Services from $75.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. KeyCorp initiated coverage on Primoris Services in a report on Wednesday, December 11th. They issued an “overweight” rating and a $96.00 price target on the stock. DA Davidson increased their target price on Primoris Services from $60.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased 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. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Primoris Services has a consensus rating of “Buy” and a consensus target price of $91.50.

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.