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

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

Wall Street Analyst Weigh In

PRIM has been the subject of a number of research analyst reports. Guggenheim initiated coverage on shares of Primoris Services in a research note on Wednesday, January 8th. They set a “buy” rating and a $102.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Primoris Services from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. DA Davidson lifted their price target on shares of Primoris Services from $60.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. KeyCorp started coverage on Primoris Services in a report on Wednesday, December 11th. They set an “overweight” rating and a $96.00 price objective for the company. Finally, The Goldman Sachs Group increased their target price on Primoris Services from $51.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Primoris Services currently has an average rating of “Buy” and a consensus price target of $91.50.

Primoris Services Stock Down 2.9 %

Shares of PRIM traded down $1.89 during mid-day trading on Monday, reaching $64.13. 1,136,765 shares of the stock traded hands, compared to its average volume of 767,729. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 21.23 and a beta of 1.14. The stock has a fifty day simple moving average of $78.32 and a 200 day simple moving average of $69.51. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. Primoris Services has a 12-month low of $37.00 and a 12-month high of $90.86.

Primoris Services Announces Dividend

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

Insider Buying and Selling at Primoris Services

In related news, Director David Lee King sold 2,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was 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 in the company, valued at approximately $2,000,235.64. The trade was a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently 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.