Favorable Media Coverage Somewhat Unlikely to Affect Primoris Services (PRIM) Share Price
Headlines about Primoris Services (NASDAQ:PRIM) have trended positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public 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 0.37 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.3909464843616 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Primoris Services (PRIM) traded up $0.28 during trading hours on Friday, reaching $23.97. 115,782 shares of the company traded hands, compared to its average volume of 209,754. Primoris Services has a 1-year low of $21.83 and a 1-year high of $30.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.41. The company has a market capitalization of $1,273.36, a price-to-earnings ratio of 19.22, a P/E/G ratio of 1.82 and a beta of 1.29.
Primoris Services (NASDAQ:PRIM) last posted its quarterly earnings data on Monday, November 6th. The construction company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.31 by $0.09. Primoris Services had a net margin of 2.68% and a return on equity of 11.70%. The business had revenue of $608.31 million for the quarter, compared to analyst estimates of $588.19 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Primoris Services’s quarterly revenue was up 19.8% on a year-over-year basis. analysts anticipate that Primoris Services will post 1.13 earnings per share for the current year.
In related news, CEO David Lee King sold 9,077 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $27.43, for a total transaction of $248,982.11. Following the sale, the chief executive officer now owns 6,242 shares of the company’s stock, valued at $171,218.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Schauerman sold 50,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was 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 63,057 shares of company stock worth $1,759,706 in the last three months. 24.00% of the stock is currently owned by insiders.
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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.
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