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PRIM

Primoris

$21.60

-0.11 (-0.51%)

06:08
05/07/19
05/07
06:08
05/07/19
06:08

Primoris reports Q1 EPS 4c, consensus 1c

Reports Q1 revenue $661.6M, consensus $629.35M. Record Total Backlog of $2.9B at March 31; 6.5% increase over December 31, 2018.

  • 07

    May

PRIM Primoris
$21.60

-0.11 (-0.51%)

06/22/18
DADA
06/22/18
NO CHANGE
Target $34
DADA
Buy
Primoris price target raised to $34 from $30 at DA Davidson
DA Davidson analyst Brent Thielman raised his price target on Primoris to $34 after holding talks with its management, saying he came away "increasingly bullish" about the company's prospects around the Willbros integration, pipeline and Gulf Coast industrial construction opportunities. Thielman adds that he is also positive on Primoris' bookings and backlog growth as well as its earnings upside beyond Q2 amid opportunities in the Power, Industrial, and Engineering markets. The analyst keeps his Buy rating on the stock.
02/06/19
KEYB
02/06/19
UPGRADE
KEYB
Overweight
Primoris upgraded to Overweight from Sector Weight at KeyBanc
02/06/19
02/06/19
UPGRADE
Target $28

Overweight
Primoris upgraded to Overweight on valuation at KeyBanc
As previously reported, KeyBanc analyst Tahira Afzal upgraded Primoris to Overweight from Sector Weight, with a $28 price target. The analyst cited its low relative valuation, which she thinks is unwarranted and likely to correct. Afzal gauges that current sentiment reflects a largely de-risked contribution from mega pipelines for Primoris in 2019 and sees an improving slate of opportunities in large energy capex and improving profitability in T&D as catalysts.

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