Buy, Sell or Hold? before and after EPS results Primoris Services (NASDAQ:PRIM)


Earnings results for Primoris Services (NASDAQ:PRIM)

Primoris Services Corporation is expected* to report earnings on 05/05/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.09. The reported EPS for the same quarter last year was $0.

Primoris Services last posted its earnings data on February 21st, 2021. The construction company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.23. The company had revenue of $897.34 million for the quarter, compared to analyst estimates of $852.93 million. Its quarterly revenue was up 13.6% on a year-over-year basis. Primoris Services has generated $1.61 earnings per share over the last year and currently has a price-to-earnings ratio of 16.4. Primoris Services has confirmed that its next quarterly earnings report will be published on Wednesday, May 5th, 2021. Primoris Services will be holding an earnings conference call on Wednesday, May 5th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Primoris Services (NASDAQ:PRIM)

4 Wall Street analysts have issued ratings and price targets for Primoris Services in the last 12 months. Their average twelve-month price target is $29.00, predicting that the stock has a possible downside of 13.15%. The high price target for PRIM is $42.00 and the low price target for PRIM is $20.00. There are currently 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Primoris Services has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $29.00, Primoris Services has a forecasted downside of 13.1% from its current price of $33.39. Primoris Services has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Primoris Services (NASDAQ:PRIM)

Primoris Services has a dividend yield of 0.73%, which is in the bottom 25% of all stocks that pay dividends. Primoris Services has only been increasing its dividend for 1 years. The dividend payout ratio of Primoris Services is 14.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Primoris Services will have a dividend payout ratio of 11.76% next year. This indicates that Primoris Services will be able to sustain or increase its dividend.

Insiders buying/selling: Primoris Services (NASDAQ:PRIM)

In the past three months, Primoris Services insiders have not sold or bought any company stock. Only 1.50% of the stock of Primoris Services is held by insiders. 85.53% of the stock of Primoris Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Primoris Services (NASDAQ:PRIM

Earnings for Primoris Services are expected to grow by 3.03% in the coming year, from $1.98 to $2.04 per share. The P/E ratio of Primoris Services is 16.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.25. The P/E ratio of Primoris Services is 16.45, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 32.29. Primoris Services has a P/B Ratio of 2.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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