Primoris Services (NASDAQ:PRIM) updated its FY 2018 earnings guidance on Tuesday. The company provided EPS guidance of $1.50-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.42. Primoris Services also updated its FY18 guidance to $1.50-1.70 EPS.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Primoris Services from a sell rating to a hold rating in a research report on Wednesday, July 11th. BidaskClub cut Primoris Services from a strong-buy rating to a buy rating in a research report on Thursday, July 26th. Finally, ValuEngine cut Primoris Services from a buy rating to a hold rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $30.75.
PRIM traded up $0.63 on Wednesday, hitting $24.26. 13,045 shares of the company traded hands, compared to its average volume of 189,131. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.15 billion, a PE ratio of 20.91, a P/E/G ratio of 1.45 and a beta of 1.24. Primoris Services has a 12-month low of $20.79 and a 12-month high of $28.96.
In other news, Director Stephen C. Cook sold 1,964 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $25.00, for a total transaction of $49,100.00. Following the completion of the transaction, the director now directly owns 11,897 shares of the company’s stock, valued at approximately $297,425. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian Pratt sold 725,003 shares of the stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $25.14, for a total value of $18,226,575.42. Following the transaction, the director now directly owns 6,946,451 shares of the company’s stock, valued at $174,633,778.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 734,833 shares of company stock valued at $18,475,786. 19.50% of the stock is owned by company insiders.
ILLEGAL ACTIVITY NOTICE: “Primoris Services (PRIM) Issues FY 2018 Earnings Guidance” was originally reported by WKRB News and is owned by of WKRB News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.wkrb13.com/2018/11/07/primoris-services-prim-issues-fy-2018-earnings-guidance.html.
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.
Further Reading: Do You Need a Fiduciary?
Receive News & Ratings for Primoris Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primoris Services and related companies with MarketBeat.com's FREE daily email newsletter.