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Date | Price Target | Rating | Analyst |
---|---|---|---|
10/7/2024 | $71.00 | Overweight | JP Morgan |
4/3/2023 | $22.50 → $27.00 | Sell → Neutral | Goldman |
11/11/2021 | $27.00 → $24.00 | Neutral → Sell | Goldman Sachs |
8/6/2021 | $35.00 → $31.00 | Neutral | Goldman Sachs |
7/16/2021 | $38.00 | Buy | UBS |
7/16/2021 | $37.00 | Overweight | Morgan Stanley |
4 - Primoris Services Corp (0001361538) (Issuer)
4 - Primoris Services Corp (0001361538) (Issuer)
4 - Primoris Services Corp (0001361538) (Issuer)
Primoris Services Corporation (NYSE:PRIM) ("Primoris" or the "Company") today announced financial results for its third quarter ended September 30, 2024 and provided comments on the Company's operational performance and outlook for 2024. For the third quarter of 2024, Primoris reported the following highlights (1): Revenue of $1,649.1 million, up $119.6 million, or 7.8 percent, compared to the third quarter of 2023 driven by strong growth in both the Energy and Utilities segments; Net income of $58.4 million, or $1.07 per diluted share, an increase of $10.3 million, or $0.18 per diluted share, from the third quarter of 2023; Record backlog of $11.3 billion driven by strong renewables
Primoris Services Corporation (NYSE:PRIM) ("Primoris" or the "Company") announced today it will report third quarter 2024 financial results on Monday, November 4, 2024, after market close. The Company's press release will be available on the Primoris website at www.prim.com. In conjunction with the press release, management will host a conference call and webcast on Tuesday, November 5, 2024, at 9:00 a.m. U.S. Central Time (10:00 a.m. U.S. Eastern Time), to discuss the Company's third quarter 2024 results and business outlook. Interested parties are invited to dial-in at 1-800-715-9871 (U.S./Canada) or, from outside the U.S. at 1-646-307-1963, using access code: 1324356, or by asking for
Primoris Services Corporation (NYSE:PRIM) ("Primoris" or the "Company") announced today that the Company's management team will participate in two institutional investor conferences in September. D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference – Nashville, TN on September 19 2024 RBC Capital Markets Global Industrials Conference – Las Vegas, Nevada on September 25 A copy of the Company's most recent investor presentation will be available on the Company's Investor Relations "Events and Presentations" section of its website, www.prim.com, prior to each conference. About Primoris Primoris Services Corporation is a premier specialty contractor providing critic
SC 13G/A - Primoris Services Corp (0001361538) (Subject)
SC 13G/A - Primoris Services Corp (0001361538) (Subject)
SC 13G/A - Primoris Services Corp (0001361538) (Subject)
8-K - Primoris Services Corp (0001361538) (Filer)
8-K - Primoris Services Corp (0001361538) (Filer)
144 - Primoris Services Corp (0001361538) (Subject)
OutlookThe Company is maintaining its estimates for the year ending December 31, 2024. Earnings per Share ("EPS") is expected to be between $2.50 and $2.70 per fully diluted share. Adjusted EPS is estimated in the range of $3.05 to $3.25, and Adjusted EBITDA for the full year 2024 is expected to range from $395 to $415 million.The Company is targeting SG&A expense as a percentage of revenue in the low six percent range for full year 2024. The Company's targeted gross margins by segment are as follows: Utilities in the range of 9 to 11 percent; Energy in the range of 10 to 12 percent. The Company expects its effective tax rate for 2024 to be similar to 2023 at approximately 29 percent but it
Primoris Services Corporation (NYSE:PRIM) ("Primoris" or the "Company") today announced financial results for its third quarter ended September 30, 2024 and provided comments on the Company's operational performance and outlook for 2024. For the third quarter of 2024, Primoris reported the following highlights (1): Revenue of $1,649.1 million, up $119.6 million, or 7.8 percent, compared to the third quarter of 2023 driven by strong growth in both the Energy and Utilities segments; Net income of $58.4 million, or $1.07 per diluted share, an increase of $10.3 million, or $0.18 per diluted share, from the third quarter of 2023; Record backlog of $11.3 billion driven by strong renewables
Primoris Services Corporation (NYSE:PRIM) ("Primoris" or the "Company") announced today it will report third quarter 2024 financial results on Monday, November 4, 2024, after market close. The Company's press release will be available on the Primoris website at www.prim.com. In conjunction with the press release, management will host a conference call and webcast on Tuesday, November 5, 2024, at 9:00 a.m. U.S. Central Time (10:00 a.m. U.S. Eastern Time), to discuss the Company's third quarter 2024 results and business outlook. Interested parties are invited to dial-in at 1-800-715-9871 (U.S./Canada) or, from outside the U.S. at 1-646-307-1963, using access code: 1324356, or by asking for
Primoris Services Corporation (NYSE:PRIM) ("Primoris" or the "Company") today announced financial results for its second quarter ended June 30, 2024 and provided comments on the Company's operational performance and outlook for 2024. For the second quarter of 2024, Primoris reported the following highlights (1): Revenue of $1,563.7 million, up $150.3 million, or 10.6 percent, compared to the second quarter of 2023 driven by strong growth in the Energy segment; Net income of $49.5 million, or $0.91 per diluted share, an increase of $10.5 million, or $0.19 per diluted share, from the second quarter of 2023; Adjusted net income of $57.1 million, or $1.04 per diluted share, an increa
JP Morgan initiated coverage of Primoris Services with a rating of Overweight and set a new price target of $71.00
Goldman upgraded Primoris Services from Sell to Neutral and set a new price target of $27.00 from $22.50 previously
Goldman Sachs downgraded Primoris Services from Neutral to Sell and set a new price target of $24.00 from $27.00 previously