With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.7 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $88.5 whereas the lowest price it dropped to was $86.22. The 52-week range on PRIM shows that it touched its highest point at $90.86 and its lowest point at $32.13 during that stretch. It currently has a 1-year price target of $88.67. With its current market cap of 4.72 billion, PRIM has annualized dividend of $0.26 while the current yield stands at 0.30%. PRIM paid its most recent dividend on 1735603200, while the ex-dividend date for that was 1735603200. Beta for the stock currently stands at 1.16.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PRIM was up-trending over the past week, with a rise of 4.74%, but this was up by 9.85% over a month. Three-month performance surged to 38.74% while six-month performance rose 56.47%. The stock gained 161.20% in the past year, while it has gained 15.08% so far this year. A look at the trailing 12-month EPS for PRIM yields 3.02 with Next year EPS estimates of 3.99. For the next quarter, that number is 0.75. This implies an EPS growth rate of 22.33% for this year and 14.35% for next year. EPS is expected to grow by 12.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.19%.
Float and Shares Shorts:
At present, 53.71 million PRIM shares are outstanding with a float of 53.16 million shares on hand for trading. On 2024-12-31, short shares totaled 1.35 million, which was 251.00000000000003 higher than short shares on 1732838400. In addition to Mr. Thomas E. McCormick as the firm’s CEO, President & Director, Mr. Kenneth M. Dodgen CPA serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.96526 of PRIM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PRIM reported revenue of $1649086000.0 and operating income of $100455000.0. The EBITDA in the recently reported quarter was $123190000.0 and diluted EPS was $1.07.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PRIM since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PRIM analysts setting a high price target of 102.0 and a low target of 77.0, the average target price over the next 12 months is 88.5. Based on these targets, PRIM could surge 16.01% to reach the target high and fall by -12.42% to reach the target low. Reaching the average price target will result in a growth of 0.66% from current levels.
Analysts have provided yearly estimates in a range of $3.49636 being high and $3.46622 being low. For PRIM, this leads to a yearly average estimate of $3.48631. Based on analyst estimates, the high estimate for the next quarter is $0.64 and the low estimate is $0.47. The average estimate for the next quarter is thus $0.54.
