News stories about Primoris Services (NASDAQ:PRIM) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Primoris Services earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 45.4642119808941 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- DA Davidson Increases Primoris Services (PRIM) Price Target to $34.00 (americanbankingnews.com)
- Brian Pratt Sells 73,543 Shares of Primoris Services Corp (PRIM) Stock (americanbankingnews.com)
- Brian Pratt Sells 169,591 Shares of Primoris Services Corp (PRIM) Stock (americanbankingnews.com)
- Why Primoris Services Corporation (NASDAQ:PRIM) Could Be A Buy (finance.yahoo.com)
PRIM stock opened at $28.12 on Friday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.58 and a quick ratio of 1.58. Primoris Services has a one year low of $23.61 and a one year high of $30.00.
Primoris Services (NASDAQ:PRIM) last released its earnings results on Tuesday, May 8th. The construction company reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The firm had revenue of $504.10 million during the quarter, compared to analysts’ expectations of $485.10 million. Primoris Services had a net margin of 2.81% and a return on equity of 9.50%. Primoris Services’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. sell-side analysts expect that Primoris Services will post 1.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.85%. Primoris Services’s dividend payout ratio is presently 20.87%.
A number of research analysts have recently weighed in on PRIM shares. Zacks Investment Research raised shares of Primoris Services from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Friday, March 2nd. BidaskClub raised shares of Primoris Services from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. DA Davidson raised shares of Primoris Services from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 28th. ValuEngine cut shares of Primoris Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, Sidoti raised shares of Primoris Services from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Primoris Services has a consensus rating of “Buy” and a consensus target price of $30.80.
In other news, VP John M. Perisich sold 9,055 shares of the business’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $25.14, for a total transaction of $227,642.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Pratt sold 53,037 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $25.00, for a total transaction of $1,325,925.00. Following the sale, the director now directly owns 7,838,661 shares of the company’s stock, valued at $195,966,525. The disclosure for this sale can be found here. Insiders have sold a total of 592,164 shares of company stock valued at $15,618,609 over the last three months. Corporate insiders own 19.50% of the company’s stock.
About Primoris Services
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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