Primoris Services (PRIM) to Release Earnings on Tuesday

Primoris Services (NASDAQ:PRIM) is scheduled to be releasing its earnings data before the market opens on Tuesday, February 27th. Analysts expect Primoris Services to post earnings of $0.24 per share for the quarter.

Primoris Services (PRIM) opened at $24.40 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.41. The firm has a market cap of $1,255.35, a PE ratio of 19.52, a PEG ratio of 1.79 and a beta of 1.29. Primoris Services has a 52 week low of $21.83 and a 52 week high of $30.00.

In related news, Director John P. Schauerman sold 50,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $28.00, for a total transaction of $1,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Lee King sold 9,077 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $27.43, for a total transaction of $248,982.11. Following the sale, the chief executive officer now owns 6,242 shares of the company’s stock, valued at $171,218.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,057 shares of company stock valued at $1,759,706. 24.00% of the stock is owned by company insiders.

Several research firms have recently weighed in on PRIM. Zacks Investment Research downgraded shares of Primoris Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 28th. Canaccord Genuity restated a “buy” rating and set a $30.00 price objective on shares of Primoris Services in a research report on Tuesday, November 7th. Finally, BidaskClub cut shares of Primoris Services from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.67.

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About Primoris Services

Primoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. The Company provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation and other customers.

Earnings History for Primoris Services (NASDAQ:PRIM)

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