Somewhat Positive Press Coverage Somewhat Unlikely to Impact Primoris Services (PRIM) Share Price

News headlines about Primoris Services (NASDAQ:PRIM) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Primoris Services earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 45.9866292690158 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s analysis:

A number of equities research analysts recently weighed in on PRIM shares. Zacks Investment Research raised Primoris Services from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Saturday, October 14th. Seaport Global Securities reissued a “buy” rating and set a $32.00 target price (up from $29.00) on shares of Primoris Services in a research report on Wednesday, October 11th. Canaccord Genuity reissued a “buy” rating and set a $30.00 target price on shares of Primoris Services in a research report on Tuesday, November 7th. KeyCorp reissued a “hold” rating on shares of Primoris Services in a research report on Tuesday, September 19th. Finally, BidaskClub downgraded Primoris Services from a “hold” rating to a “sell” rating in a research report on Saturday. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Primoris Services currently has a consensus rating of “Hold” and a consensus price target of $31.67.

Shares of Primoris Services (NASDAQ PRIM) opened at $26.43 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.41 and a current ratio of 1.49. The firm has a market capitalization of $1,390.00, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 1.98 and a beta of 1.59. Primoris Services has a 1-year low of $21.83 and a 1-year high of $30.00.

Primoris Services (NASDAQ:PRIM) last released its quarterly earnings data on Monday, November 6th. The construction company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. The company had revenue of $608.31 million for the quarter, compared to the consensus estimate of $588.19 million. Primoris Services had a return on equity of 11.70% and a net margin of 2.68%. The company’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. equities research analysts predict that Primoris Services will post 1.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. This is an increase from Primoris Services’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, December 28th. Primoris Services’s payout ratio is presently 19.35%.

In other Primoris Services news, Director Stephen C. Cook sold 3,980 shares of Primoris Services stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $27.82, for a total transaction of $110,723.60. Following the sale, the director now directly owns 10,502 shares of the company’s stock, valued at $292,165.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John P. Schauerman sold 50,000 shares of Primoris Services stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $28.00, for a total transaction of $1,400,000.00. The disclosure for this sale can be found here. Insiders have sold 92,513 shares of company stock worth $2,606,860 over the last ninety days. Company insiders own 24.00% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Impact Primoris Services (PRIM) Share Price” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.com-unik.info/2018/01/10/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-primoris-services-prim-share-price.html.

Primoris Services Company Profile

Primoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. The Company provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation and other customers.

Insider Buying and Selling by Quarter for Primoris Services (NASDAQ:PRIM)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit