Headlines about Primoris Services (NASDAQ:PRIM) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Primoris Services earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 45.2641187778429 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- BRIEF-Primoris Services Announces Utilities And Distribution Awards Valued At $63 Mln (reuters.com)
- Primoris Services Corporation Announces Utilities and Distribution Awards Valued at $63 Million (finance.yahoo.com)
- Primoris Services Corporation Schedules Conference Call to Discuss 2018 First Quarter Financial Results (feeds.benzinga.com)
- BidaskClub Lowers Primoris Services (PRIM) to Sell (americanbankingnews.com)
PRIM has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Primoris Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 28th. Stephens reaffirmed a “hold” rating and set a $28.00 target price on shares of Primoris Services in a research report on Tuesday, February 27th. BidaskClub lowered Primoris Services from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 20th. DA Davidson raised Primoris Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, Sidoti raised Primoris Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Primoris Services currently has an average rating of “Buy” and a consensus price target of $29.50.
Shares of Primoris Services stock opened at $26.65 on Friday. The firm has a market cap of $1,382.56, a PE ratio of 23.17, a P/E/G ratio of 1.68 and a beta of 1.17. The company has a current ratio of 1.55, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34. Primoris Services has a 12-month low of $21.83 and a 12-month high of $30.00.
Primoris Services (NASDAQ:PRIM) last announced its earnings results on Tuesday, February 27th. The construction company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $579.02 million for the quarter, compared to analyst estimates of $558.67 million. Primoris Services had a return on equity of 11.11% and a net margin of 3.04%. Primoris Services’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. equities research analysts predict that Primoris Services will post 1.6 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Friday, March 30th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, March 28th. Primoris Services’s payout ratio is 20.87%.
In other Primoris Services news, CEO David Lee King purchased 7,866 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $20.87 per share, with a total value of $164,163.42. Following the completion of the transaction, the chief executive officer now owns 14,108 shares of the company’s stock, valued at $294,433.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Pratt sold 181,638 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $26.02, for a total value of $4,726,220.76. Following the transaction, the director now directly owns 8,036,941 shares in the company, valued at $209,121,204.82. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 16,327 shares of company stock worth $340,744 and have sold 522,675 shares worth $13,636,726. 19.50% of the stock is currently owned by insiders.
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Primoris Services Company Profile
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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