Primoris Services Corp (PRIM) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Primoris Services Corporation to Host 2024 Investor Day.

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Stocks Info

Primoris Services Corp is listed on the NYSE in the Industrials sector while operating in the Engineering & Construction industry. The current market capitalization of Primoris Services Corp is $2.26B. A total of 0.61 million shares were traded on the day, compared to an average of 455.84K shares.

In the most recent transaction, Schauerman John P. sold 20,000 shares of PRIM for 41.31 per share on Mar 21 ’24. After the transaction, the Director now owns 217,281 company shares. In a previous transaction on Mar 15 ’24, Schauerman John P. sold 20,000 shares at 40.61 per share. PRIM shares that Director owns now total 237,281.

Among the insiders who sold shares, King David Lee disposed of 2,500 shares on Mar 13 ’24 at a per-share price of $40.69. This resulted in the Director holding 29,217 shares of PRIM after the transaction. In another insider transaction, STRICKER TRAVIS L sold 7,500 shares at $40.00 per share on Mar 07 ’24. Company shares held by the CHIEF ACCOUNTING OFFICER now total 9,068.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Primoris Services Corp pays an annual dividend of $0.24, resulting in a dividend yield of 0.57%, and it has a price to earnings (P/E) ratio of 18.20.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, PRIM has a high of $43.06 and a low of $23.48.

As of this writing, PRIM has an earnings estimate of $0.15 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.41 per share and a lower estimate of $0. The company reported an EPS of $0.89 in the last quarter, which was 14.10% higher than expectations of $0.78.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PRIM’s latest balance sheet shows that the firm has $200.51M in Cash & Short Term Investments as of fiscal 2021. There were $821.11M in debt and $759.12M in liabilities at the time. Its Book Value Per Share was $23.16, while its Total Shareholder’s Equity was $990.05M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRIM is Buy with a score of 4.00.

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