Primoris Services (NASDAQ:PRIM) Issues FY 2025 Earnings Guidance

Primoris Services (NASDAQ:PRIM) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 4.200-4.400 for the period, compared to the consensus estimate of 4.040. The company issued revenue guidance of -.

Analysts Set New Price Targets

PRIM has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Primoris Services from $51.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. UBS Group upped their price target on shares of Primoris Services from $75.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. DA Davidson boosted their target price on shares of Primoris Services from $60.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. KeyCorp initiated coverage on shares of Primoris Services in a research report on Wednesday, December 11th. They set an “overweight” rating and a $96.00 target price on the stock. Finally, Guggenheim assumed coverage on Primoris Services in a research note on Wednesday, January 8th. They set a “buy” rating and a $102.00 price objective on the stock. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $91.50.

Primoris Services Trading Down 2.9 %

Shares of PRIM stock traded down $1.89 during trading hours on Monday, reaching $64.13. 1,136,512 shares of the stock were exchanged, compared to its average volume of 767,426. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 21.23 and a beta of 1.14. Primoris Services has a 12-month low of $37.00 and a 12-month high of $90.86. The company’s 50-day moving average price is $78.32 and its 200-day moving average price is $69.51. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.61.

Primoris Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.50%. Primoris Services’s dividend payout ratio is 10.60%.

Insider Buying and Selling

In related news, Director David Lee King sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $83.98, for a total value of $167,960.00. Following the transaction, the director now owns 23,818 shares of the company’s stock, valued at $2,000,235.64. This trade represents a 7.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through Utilities and Energy/Renewables segments. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems.