Primoris Services (NASDAQ:PRIM) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.60-1.80 for the period, compared to the Thomson Reuters consensus estimate of $1.66. Primoris Services also updated its FY19 guidance to $1.60-$1.80 EPS.
Several research firms have commented on PRIM. Zacks Investment Research downgraded shares of Primoris Services from a hold rating to a sell rating in a research note on Tuesday, July 30th. BidaskClub downgraded shares of Primoris Services from a hold rating to a sell rating in a research note on Saturday, July 13th.
Shares of NASDAQ:PRIM traded down $0.06 during trading on Wednesday, hitting $19.42. The company’s stock had a trading volume of 13,405 shares, compared to its average volume of 162,811. The firm’s 50 day simple moving average is $20.30. The stock has a market cap of $992.12 million, a P/E ratio of 11.41, a PEG ratio of 1.18 and a beta of 1.50. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.41 and a quick ratio of 1.41. Primoris Services has a fifty-two week low of $17.82 and a fifty-two week high of $27.14.
In related news, Director Brian Pratt sold 300,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $19.00, for a total value of $5,700,000.00. Following the completion of the sale, the director now directly owns 1,587,896 shares of the company’s stock, valued at $30,170,024. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 574,928 shares of company stock valued at $11,270,214. Insiders own 13.80% of the company’s stock.
Primoris Services Company Profile
Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through five segments: Power, Industrial, and Engineering; Pipeline and Underground; Utilities and Distribution; Transmission and Distribution; and Civil.
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