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NASDAQ:PRIM

Primoris Services Stock Forecast, Price & News

$36.38
+0.89 (+2.51 %)
(As of 03/5/2021 12:00 AM ET)
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Compare
Today's Range
$34.62
Now: $36.38
$36.48
50-Day Range
$29.10
MA: $31.83
$36.21
52-Week Range
$9.42
Now: $36.38
$37.35
Volume446,891 shs
Average Volume336,995 shs
Market Capitalization$1.79 billion
P/E Ratio17.92
Dividend Yield0.66%
Beta1.32
Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates in five segments: Power, Industrial, and Engineering; Pipeline and Underground; Utilities and Distribution; Transmission and Distribution; and Civil. The Power, Industrial, and Engineering segment offers engineering, procurement, construction, retrofit, upgrade, repair, outage, and maintenance services for entities in the petroleum and petrochemical industries, as well as traditional and renewable power generators. The Pipeline and Underground segment provides a range of services comprising pipeline construction, maintenance, facility, and integrity services; installation of compressor and pump stations; and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The Utilities and Distribution segment offers installation and maintenance services for natural gas utility distribution systems; and pipeline integrity services for entities in the gas utility market. The Transmission and Distribution segment provides installation and maintenance services for electric utility transmission, substation, and distribution systems for entities in the electric utility market. The Civil segment undertakes highway and bridge construction, airport runway construction, demolition, site work, soil stabilization, mass excavation, flood control, and drainage projects for entities in the petroleum and petrochemical industries, state and municipal departments of transportation, and airports. The company was founded in 1960 and is headquartered in Dallas, Texas.
Primoris Services logo

Headlines

New Strong Buy Stocks for February 23rd
February 23, 2021 |  nasdaq.com
Primoris Services Corp. to Host Earnings Call
February 23, 2021 |  finance.yahoo.com
Primoris Services: Q4 Earnings Insights
February 23, 2021 |  finance.yahoo.com
Primoris Services Has Upside Potential
February 22, 2021 |  seekingalpha.com
Preview: Primoris Services's Earnings
February 19, 2021 |  finance.yahoo.com
Primoris Services Corporation Announces New Solar Award
January 26, 2021 |  finance.yahoo.com
New Strong Buy Stocks for January 11th
January 11, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
Current SymbolNASDAQ:PRIM
CUSIP74164F10
Phone214-740-5600
Employees10,414
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.11 billion
Cash Flow$3.88 per share
Book Value$12.35 per share

Profitability

Net Income$82.33 million

Miscellaneous

Market Cap$1.79 billion
Next Earnings Date5/4/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.76 out of 5 stars

Construction Sector

38th out of 205 stocks

Water, Sewer, & Utility Lines Industry

1st out of 7 stocks

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$36.38
+0.89 (+2.51 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Primoris Services (NASDAQ:PRIM) Frequently Asked Questions

Is Primoris Services a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Primoris Services stock.
View analyst ratings for Primoris Services
or view top-rated stocks.

What stocks does MarketBeat like better than Primoris Services?

Wall Street analysts have given Primoris Services a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Primoris Services wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Primoris Services' next earnings date?

Primoris Services is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for Primoris Services
.

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) released its quarterly earnings data on Sunday, February, 21st. The construction company reported $0.66 EPS for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.23. The construction company earned $897.34 million during the quarter, compared to analyst estimates of $852.93 million. Primoris Services had a net margin of 2.96% and a trailing twelve-month return on equity of 16.17%. The company's revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS.
View Primoris Services' earnings history
.

How has Primoris Services' stock price been impacted by COVID-19?

Primoris Services' stock was trading at $15.27 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PRIM stock has increased by 138.2% and is now trading at $36.38.
View which stocks have been most impacted by COVID-19
.

How often does Primoris Services pay dividends? What is the dividend yield for Primoris Services?

Primoris Services announced a quarterly dividend on Friday, February 19th. Investors of record on Wednesday, March 31st will be given a dividend of $0.06 per share on Thursday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.66%. The ex-dividend date is Tuesday, March 30th.
View Primoris Services' dividend history
.

Is Primoris Services a good dividend stock?

Primoris Services pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.66%. Primoris Services does not yet have a strock track record of dividend growth. The dividend payout ratio of Primoris Services is 14.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Primoris Services will have a dividend payout ratio of 11.76% next year. This indicates that Primoris Services will be able to sustain or increase its dividend.
View Primoris Services' dividend history.

What guidance has Primoris Services issued on next quarter's earnings?

Primoris Services updated its FY21 earnings guidance on Monday, February, 22nd. The company provided EPS guidance of $2.40-2.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.18.

What price target have analysts set for PRIM?

4 Wall Street analysts have issued 12 month target prices for Primoris Services' shares. Their forecasts range from $20.00 to $42.00. On average, they expect Primoris Services' share price to reach $29.00 in the next twelve months. This suggests that the stock has a possible downside of 20.3%.
View analysts' price targets for Primoris Services
or view top-rated stocks among Wall Street analysts.

Who are Primoris Services' key executives?

Primoris Services' management team includes the following people:
  • Mr. David L. King, Exec. Chairman & Sr. Strategic Advisor (Age 69, Pay $1.65M)
  • Mr. Thomas E. McCormick, CEO, Pres & Director (Age 59, Pay $1.21M)
  • Mr. Kenneth M. Dodgen, Exec. VP & CFO (Age 55, Pay $743.83k)
  • Mr. John F. Moreno Jr., Exec. VP & COO (Age 52, Pay $759.91k)
  • Mr. John M. Perisich, Exec. VP, Chief Legal Officer & Sec. (Age 56, Pay $873.66k)
  • Mr. Travis L. Stricker, Chief Accounting Officer & Sr. VP of Fin. (Age 50)
  • Ms. Brook Wootton, VP of Investor Relations
  • Mr. Scot Kathmann, Sr. VP of Sales & Marketing
  • Mr. Scott E. Summers, Group Pres of Pipeline & Underground (Age 63)
  • Mr. Timothy R. Healy, Group Pres of Power, Industrial & Engineering (Age 61)

What is Brian Pratt's approval rating as Primoris Services' CEO?

23 employees have rated Primoris Services CEO Brian Pratt on Glassdoor.com. Brian Pratt has an approval rating of 71% among Primoris Services' employees.

Who are some of Primoris Services' key competitors?

What other stocks do shareholders of Primoris Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Primoris Services investors own include InterDigital (IDCC), Bank of Hawaii (BOH), STAG Industrial (STAG), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Intel (INTC), Marathon Petroleum (MPC), Pfizer (PFE), The Southern (SO) and AT&T (T).

What is Primoris Services' stock symbol?

Primoris Services trades on the NASDAQ under the ticker symbol "PRIM."

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a number of retail and institutional investors. Top institutional investors include Van Berkom & Associates Inc. (7.86%), BlackRock Inc. (7.04%), Dimensional Fund Advisors LP (5.25%), Barrow Hanley Mewhinney & Strauss LLC (3.82%), Fuller & Thaler Asset Management Inc. (3.22%) and GW&K Investment Management LLC (2.81%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John P Schauerman, Kenneth Morris Dodgen, Stephen C Cook, Thomas E Tucker and Thomas Edward Mccormick.
View institutional ownership trends for Primoris Services
.

Which major investors are selling Primoris Services stock?

PRIM stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Divisar Capital Management LLC, Barrow Hanley Mewhinney & Strauss LLC, Value Holdings Management CO. LLC, Keeley Teton Advisors LLC, First Trust Advisors LP, Dimensional Fund Advisors LP, and Sei Investments Co.. Company insiders that have sold Primoris Services company stock in the last year include John P Schauerman, Thomas E Tucker, and Thomas Edward Mccormick.
View insider buying and selling activity for Primoris Services
or view top insider-selling stocks.

Which major investors are buying Primoris Services stock?

PRIM stock was acquired by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., SummerHaven Investment Management LLC, Norges Bank, BlackRock Inc., GW&K Investment Management LLC, Federated Hermes Inc., Royce & Associates LP, and Foundry Partners LLC. Company insiders that have bought Primoris Services stock in the last two years include Kenneth Morris Dodgen, and Thomas Edward Mccormick.
View insider buying and selling activity for Primoris Services
or or view top insider-buying stocks.

How do I buy shares of Primoris Services?

Shares of PRIM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Primoris Services' stock price today?

One share of PRIM stock can currently be purchased for approximately $36.38.

How much money does Primoris Services make?

Primoris Services has a market capitalization of $1.79 billion and generates $3.11 billion in revenue each year. The construction company earns $82.33 million in net income (profit) each year or $1.61 on an earnings per share basis.

How many employees does Primoris Services have?

Primoris Services employs 10,414 workers across the globe.

What is Primoris Services' official website?

The official website for Primoris Services is www.primoriscorp.com.

Where are Primoris Services' headquarters?

Primoris Services is headquartered at 2300 N. Field Street Suite1900, Dallas TX, 75201.

How can I contact Primoris Services?

Primoris Services' mailing address is 2300 N. Field Street Suite1900, Dallas TX, 75201. The construction company can be reached via phone at 214-740-5600 or via email at [email protected]


This page was last updated on 3/5/2021 by MarketBeat.com Staff

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