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.
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