Analysts Issue Positive Ratings for Primoris Services for 2023!
March 19, 2023
Trending News ☀️
Analysts have issued positive ratings for Primoris Services ($NASDAQ:PRIM) for 2023! The company has been consistently rated as a top-tier service provider, and this latest news is seen as an affirmation of its continued success. The analysts have issued weekly ratings updates for the company, highlighting important developments and milestones achieved by the firm. Primoris Services has made significant strides in the past year, and analysts have commented positively on their quality of service and focus on customer satisfaction. The company’s dedication to quality and their commitment to providing excellent customer service has been highly praised by analysts.
Additionally, the firm has implemented innovative strategies to increase productivity and efficiency, further boosting their positive ratings. The analysts have also commented on the company’s sound financial foundation, noting that they have strong reserves and are well-prepared to weather any economic downturns. Primoris Services’ effective management of its resources and commitment to transparency have been highly noted, with analysts noting that the firm’s financials are well-managed and sound. Overall, analysts have issued positive ratings for Primoris Services for 2023, with the company expected to continue its success and growth into the new year. With its dedication to quality and customer satisfaction and sound financial foundation in place, analysts believe that Primoris Services is well-positioned to exceed expectations in the coming year.
Price History
Analysts have issued a positive outlook for Primoris Services for 2023, as news coverage continues to be largely positive. On Friday,Primoris Services opened at $24.4 and closed at $23.8, a 4.4% drop from it’s last closing price of 24.9. This decrease in share value has been met with some caution from investors, though the overall sentiment towards Primoris Services remains positive. Analysts are confident that the company will continue to show strong financial results in the coming year, which will likely lead to an appreciation in share value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Primoris Services. More…
| Total Revenues | Net Income | Net Margin |
| 4.42k | 133.02 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Primoris Services. More…
| Operations | Investing | Financing |
| 83.35 | -481.94 | 452.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Primoris Services. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.54k | 2.44k | 20.87 |
Key Ratios Snapshot
Some of the financial key ratios for Primoris Services are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.5% | 7.6% | 4.5% |
| FCF Margin | ROE | ROA |
| -0.3% | 11.4% | 3.5% |
Analysis
At GoodWhale, we recently ran an analysis on the financials of PRIMORIS SERVICES. Our Risk Rating system has determined that PRIMORIS SERVICES is a medium risk investment when it comes to both financial and business aspects. Upon further inspection of the company’s balance sheet and cashflow statement, we have detected two risk warnings that investors should be aware of. If you’d like to learn more, please register with us and we’ll provide all the information you need. More…
Peers
Primoris Services Corp faces stiff competition from APi Group Corp, PT Meta Epsi Tbk, and MasTec Inc in the engineering and construction services industry. All of these companies are vying for the same contracts, putting pressure on Primoris Services Corp to stay ahead of the competition. The competition is fierce, and only the most innovative and resourceful companies will succeed.
– APi Group Corp ($NYSE:APG)
API Group Corp is a leading global provider of advanced materials and components for high technology industries. The company has a market cap of 5.22 billion as of 2023, reflecting its strong financial performance and growth potential. Its Return on Equity (ROE) of 4.34% is well above the industry average, indicating the company’s ability to generate returns from reinvesting profits back into the business. API Group Corp provides a variety of products, including precision engineering materials, optoelectronic components, and optical coatings, to support the development of emerging technologies. The company’s broad portfolio of products and services enables it to meet the needs of customers across a range of industries.
– PT Meta Epsi Tbk ($IDX:MTPS)
PT Meta Epsi Tbk is an Indonesian company that provides manufacturing and trading products and services in the engineering and industrial sectors. As of 2023, the company has a market cap of 173.04B and a Return on Equity (ROE) of -123.31%. This market cap size indicates the size and strength of the company, and its ROE shows that it has not been performing well financially in recent years. As a result, the company has been making efforts to improve its profitability and increase its value.
– MasTec Inc ($NYSE:MTZ)
MasTec Inc is an infrastructure construction company specializing in the engineering, building, installation, maintenance, and upgrade of energy, communications, and utility infrastructure. The company has a market capitalization of 7.76 billion dollars as of 2023, indicating the sizable size and presence that MasTec Inc has in its industry. Its return on equity of 4.94%, meanwhile, indicates that the company is able to generate a healthy profit for its shareholders on every dollar of equity invested. MasTec Inc is an industry leader in its field and continues to be an attractive investment for many investors.
Summary
Investing analysts have recently issued positive ratings for Primoris Services for 2023, with news coverage typically reflecting a positive outlook on the company. Despite this, however, the stock price of Primoris Services has dropped on the same day. It is important for prospective investors to do their own research and analysis before investing in Primoris Services in order to determine whether the current market conditions are favourable for investing in the company.
Some factors to consider include the current market trends, the financial health of the company, and its competitive position in its industry. Investors should also be aware of any potential risks or uncertainties that may affect the company’s performance over the next few years.
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