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The closing price of Primoris Services Corp (NYSE: PRIM) was $72.70 for the day, down -1.12% from the previous closing price of $73.52. In other words, the price has decreased by -$1.12 from its previous closing price. On the day, 0.9 million shares were traded.
Ratios:
Our analysis of PRIM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.35 and its Current Ratio is at 1.38. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Guggenheim on January 08, 2025, initiated with a Buy rating and assigned the stock a target price of $102.
On December 11, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $96.
On October 07, 2024, JP Morgan started tracking the stock assigning a Overweight rating and target price of $71.JP Morgan initiated its Overweight rating on October 07, 2024, with a $71 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 12 ’24 when STRICKER TRAVIS L sold 4,583 shares for $80.51 per share. The transaction valued at 368,957 led to the insider holds 6,006 shares of the business.
STRICKER TRAVIS L bought 4,583 shares of PRIM for $369,436 on Dec 12 ’24. On Dec 02 ’24, another insider, King David Lee, who serves as the Director of the company, sold 2,000 shares for $83.98 each. As a result, the insider received 167,961 and left with 23,818 shares of the company.
Valuation Measures:
As of this moment, Primoris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.11, and their Forward P/E ratio for the next fiscal year is 18.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 2.88.
Stock Price History:
Over the past 52 weeks, PRIM has reached a high of $90.86, while it has fallen to a 52-week low of $37.00. The 50-Day Moving Average of the stock is -8.31%, while the 200-Day Moving Average is calculated to be 14.86%.
Shares Statistics:
A total of 53.71M shares are outstanding, with a floating share count of 52.98M. Insiders hold about 1.37% of the company’s shares, while institutions hold 94.49% stake in the company.
Earnings Estimates
The market rating of Primoris Services Corp (PRIM) is currently shaped by the ongoing analysis conducted by 6.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.54, with high estimates of $0.64 and low estimates of $0.47.
Analysts are recommending an EPS of between $3.52 and $3.45 for the fiscal current year, implying an average EPS of $3.49. EPS for the following year is $4.04, with 6.0 analysts recommending between $4.27 and $3.8.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $1.62B to a low estimate of $1.53B. As of the current estimate, Primoris Services Corp’s year-ago sales were $1.52BFor the next quarter, 8 analysts are estimating revenue of $1.48B. There is a high estimate of $1.58B for the next quarter, whereas the lowest estimate is $1.4B.
A total of 8 analysts have provided revenue estimates for PRIM’s current fiscal year. The highest revenue estimate was $6.37B, while the lowest revenue estimate was $6.16B, resulting in an average revenue estimate of $6.24B. In the same quarter a year ago, actual revenue was $5.72BBased on 8 analysts’ estimates, the company’s revenue will be $6.57B in the next fiscal year. The high estimate is $6.87B and the low estimate is $6.43B.
