Ultime notizie per Primoris Services (NYSE:PRIM) Azioni

Primoris Services

Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are the Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance, and others.

Primoris Services Corporation Common Stock

Primoris Services Corp

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Keybanc analyst Sangita Jain maintains Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) with a Overweight and lowers the price target from $90 to $67.

News

Price Target

Analyst Ratings

PRIM

Keybanc Maintains Overweight on Primoris Services, Lowers Price Target to $67

WIIM

AMRC

ONEG

Shares of construction and engineering companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

Guggenheim analyst Joseph Osha reiterates Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) with a Buy and maintains $110 price target.

Reiteration

Guggenheim Reiterates Buy on Primoris Services, Maintains $110 Price Target

During the last three months, 5 analysts shared their evaluations of Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $82.2, a high estimate of $90.00, and a low estimate of $73.00. This current average has decreased by 1.36% from the previous average price target of $83.33. 
<img src="https://www.benzinga.com/files/images/story/2025/1744120835_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Primoris Services by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;---------------------&#x7C;--------------------&#x7C;---------------&#x7C;---------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Kashy Harrison &#x7C;Piper Sandler &#x7C;Announces &#x7C;Overweight &#x7C; $75.00&#x7C;- &#x7C; 
&#x7C;Julien Dumoulin-Smith&#x7C;Jefferies &#x7C;Announces &#x7C;Buy &#x7C; $73.00&#x7C;- &#x7C; 
&#x7C;Drew Chamberlain &#x7C;JP Morgan &#x7C;Raises &#x7C;Overweight &#x7C; $90.00&#x7C;$88.00 &#x7C; 
&#x7C;Brent Thielman &#x7C;DA Davidson &#x7C;Maintains &#x7C;Buy &#x7C; $85.00&#x7C;$85.00 &#x7C; 
&#x7C;Drew Chamberlain &#x7C;JP Morgan &#x7C;Raises &#x7C;Overweight &#x7C; $88.00&#x7C;$77.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Primoris Services. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Primoris Services compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Primoris Services's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Primoris Services's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PRIM/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Primoris Services analyst ratings.</a>
<h2>All You Need to Know About Primoris Services</h2>
Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are the Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance, and others.
<h3>Primoris Services's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Primoris Services's revenue growth over a period of 3M has been noteworthy. As of 31 December, 2024, the company achieved a revenue growth rate of approximately 14.9%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Primoris Services's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 3.1%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Primoris Services's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.9%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.28%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.84, Primoris Services faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Primoris Services's Future

Piper Sandler analyst Kashy Harrison initiates coverage on Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) with a Overweight rating and announces Price Target of $75.

Initiation

Piper Sandler Initiates Coverage On Primoris Services with Overweight Rating, Announces Price Target of $75

IESC

SGBX

STRL

USLM

Shares of construction-related stocks are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Primoris Services's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) short percent of float has risen 22.07% since its last report. The company recently reported that it has 2.27 million shares sold short, which is 5.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.19 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Primoris Services Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743088526_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Primoris Services has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Primoris Services's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Primoris Services's peer group average for short interest as a percentage of float is 5.82%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Is Primoris Services Gaining or Losing Market Support?

Primoris Services Corporation (NYSE:<a href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) ("Primoris" or the "Company") today announced that David King, Chairman and our prior Chief Executive Officer, has been named Interim President and Chief Executive Officer. David will succeed Tom McCormick, who will be separating from the Company effective March 20, 2025. The Board is conducting a search process to identify a permanent CEO, which will include internal and external candidates.
In addition, the Company announced that Jeremy Kinch, Chief Operations Support Officer, has been promoted to Chief Operating Officer, effective immediately.

Management

Primoris Services Announces That David King, Chairman And Prior CEO Has Been Named Interim President And CEO; David Will Succeed Tom McCormick, Effective March 20, 2025; Jeremy Kinch, Chief Operations Support Officer, Has Been Promoted To Chief Operating Officer, Effective Immediately

Primoris Services shares are trading higher after Jefferies initiated coverage on the stock with a Buy rating and announced a price target of $73.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keefe, Bruyette &amp; Woods analyst Damon Delmonte initiated coverage on Northpointe Bancshares, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPB#NYSE">NPB</a>) with an Outperform rating and announced a price target of $18. Northpointe Bancshares shares closed at $13.63 on Monday. <a href="https://www.benzinga.com/quote/NPB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Scott Buck initiated coverage on Inuvo, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INUV#AMEX">INUV</a>) with a Buy rating and announced a price target of $2. Inuvo shares closed at $0.3538 on Monday. <a href="https://www.benzinga.com/quote/INUV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham analyst Serge Belanger initiated coverage on Ocular Therapeutix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCUL#NASDAQ">OCUL</a>) with a Buy rating and announced a price target of $15. Ocular Therapeutix shares closed at $7.65 on Monday. <a href="https://www.benzinga.com/quote/OCUL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Julien Dumoulin-Smith initiated coverage on Primoris Services Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) with a Buy rating and announced a price target of $73. Primoris Services shares closed at $60.51 on Monday. <a href="https://www.benzinga.com/quote/PRIM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jones Trading analyst Justin Walsh initiated coverage on Serina Therapeutics, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SER#AMEX">SER</a>) with a Buy rating and announced a price target of $11. Serina Therapeutics shares closed at $4.78 on Monday. <a href="https://www.benzinga.com/quote/SER/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PRIM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="598" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11082113/image-66-1024x598.png" alt="" class="wp-image-818622" style="width:459px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11082113/image-66-1024x598.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11082113/image-66-300x175.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11082113/image-66-768x449.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11082113/image-66.png 1087w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/03/44218016/top-3-financial-stocks-that-may-fall-off-a-cliff-in-march">Top 3 Financial Stocks That May Fall Off A Cliff In March</a></li>
</ul>

Pre-Market Outlook

Markets

INUV

OCUL

This Primoris Services Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) with a Buy rating and announces Price Target of $73.

Jefferies Initiates Coverage On Primoris Services with Buy Rating, Announces Price Target of $73

RETO

Shares of construction-related stocks are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment, which may also be weighing on the industry.

WLGS

Shares of construction companies are trading lower amid overall market weakness on rising yields and trade uncertainty.

JP Morgan analyst Drew Chamberlain maintains Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) with a Overweight and raises the price target from $88 to $90.

JP Morgan Maintains Overweight on Primoris Services, Raises Price Target to $90

In the latest quarter, 4 analysts provided ratings for Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $92.75, along with a high estimate of $102.00 and a low estimate of $85.00. Observing a 14.51% increase, the current average has risen from the previous average price target of $81.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1740506471_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Primoris Services. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brent Thielman</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$85.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Drew Chamberlain</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$88.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Joseph Osha</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$102.00</td>
<td>-</td>
</tr>
<tr>
<td>Sangita Jain</td>
<td>Keybanc</td>
<td>Announces</td>
<td>Overweight</td>
<td>$96.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Primoris Services. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Primoris Services compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Primoris Services's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Primoris Services's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PRIM/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Primoris Services analyst ratings.</a>
<h2>Get to Know Primoris Services Better</h2>
Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance and others.
<h3>Financial Insights: Primoris Services</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Primoris Services displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 7.82%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Primoris Services's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 3.54%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Primoris Services's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 4.4%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Primoris Services's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.41%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a high debt-to-equity ratio of 0.99, Primoris Services faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Primoris Services Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)

Primoris Services shares are trading higher following better-than-expected Q4 financial results.

DA Davidson analyst Brent Thielman maintains Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) with a Buy and maintains $85 price target.

DA Davidson Maintains Buy on Primoris Services, Maintains $85 Price Target

Primoris Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NASDAQ">PRIM</a>) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.75 by 32 percent. This is a 16.47 percent increase over earnings of $0.85 per share from the same period last year. The company reported quarterly sales of $1.70 billion which beat the analyst consensus estimate of $1.59 billion by 6.63 percent. This is a 12.14 percent increase over sales of $1.52 billion the same period last year.

Earnings

Earnings Beats

Primoris Services Q4 2024 Adj EPS $0.99 Beats $0.75 Estimate, Sales $1.70B Beat $1.59B Estimate

Press Releases

Premier PV, a Primoris Services Corporation Company, Reaches $55 Million in Backlog

Primoris Services Corporation to Participate in Investor Conferences

Primoris Services Corporation Schedules Third Quarter 2024 Earnings Conference Call and Webcast

Primoris Services Corporation Reports Third Quarter 2024 Results

Primoris Services Corporation Promotes Jeremy Kinch to Chief Operations Support Officer

Primoris Services Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Conference Call and Webcast

Primoris Services Corporation Reports Fourth Quarter and Full Year 2024 Results

Primoris Services Corporation Announces Leadership Changes

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