Primoris Services Corporation (NASDAQ:PRIM) is scheduled to release its earnings data before the market opens on Tuesday, November 7th. Analysts expect Primoris Services Corporation to post earnings of $0.33 per share for the quarter. Primoris Services Corporation has set its FY17 guidance at $1.05-1.25 EPS.

Primoris Services Corporation (NASDAQ:PRIM) last released its earnings results on Tuesday, August 8th. The construction company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.11. Primoris Services Corporation had a return on equity of 11.30% and a net margin of 2.09%. The company had revenue of $631.20 million for the quarter, compared to analysts’ expectations of $582.82 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. On average, analysts expect Primoris Services Corporation to post $1.19 EPS for the current fiscal year and $1.47 EPS for the next fiscal year.

Primoris Services Corporation (PRIM) opened at 28.18 on Tuesday. The firm’s 50-day moving average price is $28.65 and its 200 day moving average price is $25.77. The firm has a market cap of $1.45 billion, a PE ratio of 30.66 and a beta of 1.55. Primoris Services Corporation has a 52-week low of $18.71 and a 52-week high of $30.00.

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 14th. Stockholders of record on Friday, September 29th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.78%. Primoris Services Corporation’s dividend payout ratio (DPR) is presently 23.40%.

In other Primoris Services Corporation news, Director Brian Pratt sold 105,734 shares of Primoris Services Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $28.20, for a total value of $2,981,698.80. Following the transaction, the director now owns 9,646,585 shares in the company, valued at $272,033,697. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Peter J. Moerbeek sold 19,778 shares of Primoris Services Corporation stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $28.99, for a total transaction of $573,364.22. Following the completion of the transaction, the chief financial officer now owns 43,346 shares in the company, valued at approximately $1,256,600.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,548,356 shares of company stock worth $43,921,202. 24.00% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Primoris Services Corporation (PRIM) to Release Earnings on Tuesday” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/10/31/primoris-services-corporation-prim-to-release-earnings-on-tuesday.html.

A number of research analysts recently commented on PRIM shares. TheStreet upgraded shares of Primoris Services Corporation from a “c+” rating to a “b-” rating in a research note on Friday, August 11th. Seaport Global Securities reiterated a “buy” rating and set a $32.00 price objective (up previously from $29.00) on shares of Primoris Services Corporation in a research note on Wednesday, October 11th. Zacks Investment Research lowered shares of Primoris Services Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Primoris Services Corporation in a research note on Tuesday, September 19th. Finally, BidaskClub upgraded shares of Primoris Services Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.00.

Primoris Services Corporation 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.

Earnings History for Primoris Services Corporation (NASDAQ:PRIM)

Receive News & Ratings for Primoris Services Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primoris Services Corporation and related companies with MarketBeat.com's FREE daily email newsletter.