Primoris Services Corporation (NASDAQ:PRIM) is expected to report second quarter earnings results, before market open, on Tuesday 4th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.29 per share.
Looking ahead, the full year income are expected at $ 1.25 per share on the revenues of $ 3246.41 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.70 ~ $ 1.90 per share
Click Here For More Historical Outlooks Of Primoris Services Corporation
Previous Quarter Performance
Primoris Services Corporation unfold loss for the first quarter of $ 0.08 per share, from the revenue of $ 743.24 million. The quarterly revenues gained 18.10 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.01 per share from $ 668.76 million in revenue. The bottom line results missed street analysts by $ 0 or , at the same time, top line results outshined analysts by $ 74.48 million or 11.14 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PRIM was $ 16.81, representing a 78.45 % increase from the 52 week low of $ 9.42 and a 29.16 % decrease over the 52 week high of $ 23.73.
The company has a market capital of $ 811.26 million and is part of the Industrials sector and Engineering & Construction industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.06 per share on May 1, 2020. The dividend were payable on July 15, 2020 to holders of record as of the close of business on June 30, 2020 and ex-dividend date on June 29, 2020.
Conference Call
Primoris Services Corporation will be hosting a conference call at 10:00 AM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.primoriscorp.com
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. The Power, Industrial, and Engineering segment offer a range of services, such as engineering, procurement, and construction project delivery, turnkey construction, retrofit, upgrade, repair, outage, and maintenance for entities in the petroleum, petrochemical, water, and other industries.
