Primoris Solutions Co. (NASDAQ:PRIM) – Equities research analysts at DA Davidson issued their Q1 2021 earnings for each share estimates for Primoris Expert services in a investigation note issued on Wednesday, February 24th. DA Davidson analyst B. Thielman anticipates that the building corporation will write-up earnings per share of ($.07) for the quarter. DA Davidson has a “Buy” ranking and a $42.00 rate goal on the stock. Primoris Products and services (NASDAQ:PRIM) final issued its quarterly earnings outcomes on Sunday, February 21st. The construction corporation documented $.66 earnings for every share for the quarter, topping the Zacks’ consensus estimate of $.43 by $.23. The business experienced profits of $897.34 million all through the quarter, compared to the consensus estimate of $852.93 million. Primoris Products and services experienced a web margin of 2.96% and a return on fairness of 16.17%. The firm’s quarterly earnings was up 13.6% on a calendar year-over-year foundation. For the duration of the same quarter in the prior year, the business posted $.53 EPS.
A amount of other equities analysts have also lately issued studies on PRIM. TheStreet upgraded shares of Primoris Services from a “c+” score to a “b” rating in a investigation report on Friday, November 6th. Zacks Expenditure Exploration elevated shares of Primoris Expert services from a “hold” ranking to a “potent-acquire” score and set a $24.00 focus on price tag on the inventory in a investigation take note on Tuesday, November 10th. Four analysts have rated the stock with a obtain rating and a single has assigned a robust get rating to the stock. Primoris Products and services currently has an average rating of “Buy” and an normal value concentrate on of $27.75.
PRIM stock opened at $35.79 on Thursday. The organization has a 50 day straightforward going average of $31.16 and a 200 day easy shifting common of $23.97. The stock has a marketplace cap of $1.72 billion, a selling price-to-earnings ratio of 17.63 and a beta of 1.32. Primoris Expert services has a 1 calendar year minimal of $9.42 and a 1 12 months superior of $36.26. The enterprise has a debt-to-fairness ratio of .41, a current ratio of 1.43 and a swift ratio of 1.43.
Institutional investors have not too long ago extra to or reduced their stakes in the enterprise. Benjamin F. Edwards & Enterprise Inc. lifted its stake in shares of Primoris Services by 609.5% in the fourth quarter. Benjamin F. Edwards & Business Inc. now owns 3,150 shares of the development firm’s stock valued at $87,000 after shopping for an added 2,706 shares in the last quarter. Terrific West Lifestyle Assurance Co. Can lifted its stake in shares of Primoris Solutions by 18.6% in the 3rd quarter. Excellent West Existence Assurance Co. Can now owns 4,160 shares of the design company’s inventory valued at $75,000 right after getting an additional 651 shares in the previous quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Primoris Services in the fourth quarter valued at $136,000. HighTower Advisors LLC purchased a new placement in shares of Primoris Services in the fourth quarter valued at $202,000. Last but not least, Jane Road Group LLC acquired a new posture in shares of Primoris Providers in the fourth quarter valued at $207,000. 85.53% of the inventory is at the moment owned by hedge money and other institutional buyers.
The business also recently announced a quarterly dividend, which will be compensated on Thursday, April 15th. Buyers of history on Wednesday, March 31st will be paid a dividend of $.06 for each share. This signifies a $.24 annualized dividend and a produce of .67%. The ex-dividend day of this dividend is Tuesday, March 30th. Primoris Services’s dividend payout ratio is presently 14.91%.
About Primoris Expert services
Primoris Products and services Company, a specialty contractor and infrastructure organization, offers a selection of design, fabrication, routine maintenance, substitution, and engineering companies in the United States and Canada. The enterprise operates via 5 segments: Electric power, Industrial, and Engineering Pipeline and Underground Utilities and Distribution Transmission and Distribution and Civil.
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