PS

Primoris Services

PRIM
NYSEIndustrials
$178.74
USD
+12.67(+7.63%)
At close: Apr 30, 17:10 UTC
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Open

$179.17

Prev. Close

$178.99

High

$179.18

Low

$178.74

Market Snapshot

Market Cap

$8.97B

P/E Ratio

32.6

EPS

3.36

Revenue

$6.37B

Why PRIM moved

Primoris Services surged 176.4% over the past year to $168.94, prompting investor concerns about potential overvaluation and increased risk in the construction and engineering sector.

About

Primoris Services Corp. is a holding company, which engages in the provision of construction, fabrication, maintenance, replacement, and engineering services. The company is headquartered in Dallas, Texas and currently employs 3,055 full-time employees. The company went IPO on 2006-10-04. The firm provides a range of construction, maintenance, replacement, fabrication, and engineering services to a diversified base of customers through its two segments: Utilities, and Energy. The Utilities segment offers services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation.

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