Primoris Services Corp (NASDAQ:PRIM) announced a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.06 per share by the construction company on Wednesday, January 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, December 30th.
Shares of NASDAQ:PRIM traded down $0.96 during midday trading on Wednesday, reaching $22.66. The company had a trading volume of 197,452 shares, compared to its average volume of 171,060. The stock has a market capitalization of $1.07 billion, a P/E ratio of 13.32 and a beta of 1.42. The stock’s fifty day moving average price is $20.37 and its 200-day moving average price is $20.15. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.42. Primoris Services has a one year low of $17.80 and a one year high of $24.85.
Primoris Services (NASDAQ:PRIM) last released its quarterly earnings data on Monday, November 4th. The construction company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. The firm had revenue of $865.10 million during the quarter, compared to the consensus estimate of $888.30 million. Primoris Services had a net margin of 2.62% and a return on equity of 13.95%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. As a group, sell-side analysts forecast that Primoris Services will post 1.69 earnings per share for the current year.
In other news, Director Brian Pratt sold 19,678 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.01, for a total transaction of $393,756.78. Following the completion of the transaction, the director now owns 2,114,721 shares of the company’s stock, valued at $42,315,567.21. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen C. Cook sold 2,349 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $20.92, for a total transaction of $49,141.08. Following the transaction, the director now directly owns 14,172 shares of the company’s stock, valued at approximately $296,478.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 492,787 shares of company stock valued at $10,065,268. Corporate insiders own 13.80% of the company’s stock.
About Primoris Services
Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through five segments: Power, Industrial, and Engineering; Pipeline and Underground; Utilities and Distribution; Transmission and Distribution; and Civil.
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