On 2016-08-09, Primoris Services Corporation (NASDAQ:PRIM) confirmed the dividend disbursement of $0.055 a share to stockholders as on record 2016-09-30. The dividend release date is 2016-10-14 while ex-dividend date is 2016-09-28.
The shareholders who will keep stock holding till the ex-dividend date will obtain payout. Last year, Primoris Services Corporation (NASDAQ:PRIM) paid a total of $0.055 per share in payments. This figure stood at $0.055 a share in the same period a year ago representing a deviation of 36.6667 percent.
Analyst Opinion The market experts layering the stock price projections have established a price target of $23.3 on the stock. This number is the mean of recommendations offered by 5 brokerages. The bullish and bearish estimate stands at $25.5 and $20, correspondingly.
Taking the mathematical rating method, the price for Primoris Services Corporation (NASDAQ:PRIM) stands at 2. Earnings Review Primoris Services Corporation (NASDAQ:PRIM) will post its quarterly earnings for the quarter closing on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are supposing EPS of $0.25.
Coming to the quarter closing on 2015-12-31, Primoris Services Corporation (NASDAQ:PRIM) recorded EPS of $0.1. The reported numbers were lower than the analysts’ projections of $0.23, demonstrating a miss of $-0.13 as against reported figures.
A dividend can be defined as the distribution of a part of a company’s earnings. It is decided by the company’s board to selected shareholders. Payouts can be in form of the cash, or as shares of stock.
The dividend may be quoted in the dollar term that is amount each share receives or it can also be in terms of a percent of the present market price. A company’s net earnings can be allocated to equity holders via a dividend, or retained within the company. Even the company can go ahead and deploy net profits to repurchase their own stock in the open markets in a buyback.
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