Primoris Services Corp. released its earnings results on May 09, 2023. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of -$0.056 by $0.236.

Is Primoris Services Corp. overvalued?

According to Wall Street analysts Primoris Services Corp.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Primoris Services Corp. pay dividends?

Primoris Services Corp. pays a Quarterly dividend of $0.06 which represents an annual dividend yield of 0.83%. See more information on Primoris Services Corp. dividends here

What is Primoris Services Corp.’s EPS estimate?

Primoris Services Corp.’s EPS estimate is $0.59.

How many shares outstanding does Primoris Services Corp. have?

Primoris Services Corp. has 53,282,635 shares outstanding.

What happened to Primoris Services Corp.’s price movement after its last earnings report?

Primoris Services Corp. reported an EPS of $0.18 in its last earnings report, beating expectations of -$0.056. Following the earnings report the stock price went down -0.122%.

Which hedge fund is a major shareholder of Primoris Services Corp.?

Among the largest hedge funds holding Primoris Services Corp.’s share is Bruni J V & Co /Co. It holds Primoris Services Corp.’s shares valued at 12M.

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Primoris Services Stock Smart Score

Neutral

Fundamentals

Return on Equity

12.97%

Trailing 12-Months

Asset Growth

35.62%

Trailing 12-Months

The Primoris Services stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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Company Description

Primoris Services Corp.

Primoris Services Corp. is a holding company, which engages in the provision of construction, fabrication, maintenance, replacement, and engineering services. It operates through the following segments: Power, Pipeline, Utilities, Transmission, and Civil. The Power segment comprises full engineering, procurement, and construction project delivery; turnkey construction; retrofits; upgrades; repairs; outages; and maintenance petroleum, petrochemical, water, and other industries. The Pipeline segment includes pipeline construction and maintenance, facility work, compressor stations, pump stations, metering facilities, and other pipeline related services for petroleum and petrochemical industries. The Utilities segment involves in the utility line installation and maintenance, gas and electric distribution, streetlight construction, substation work, and fiber optic cable installation. The Transmission segment specializes in electric and gas transmission and distribution, including comprehensive engineering, procurement, maintenance and construction, repair, and restoration of utility infrastructure. The Civil segment consists of highway and bridge construction, airport runway and taxiway construction, demolition, heavy earthwork, soil stabilization, mass excavation, and drainage projects. The company was founded by Brian Patt in 2004 and is headquartered in Dallas, TX.

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