NASDAQ:PRIM - Primoris Services Stock Price, Price Target & More

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$28.04 -0.32 (-1.13 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$28.36
Today's Range$28.00 - $28.36
52-Week Range$23.61 - $30.00
Volume152,100 shs
Average Volume261,925 shs
Market Capitalization$1.46 billion
P/E Ratio24.54
Dividend Yield0.85%
Beta1.15
Primoris Services logoPrimoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services in the United States and internationally. It operates through Power, Pipeline, Utilities, and Civil segments. The Power segment offer a range of engineering, procurement, and construction services, including project delivery, turnkey construction, retrofits, upgrades, repairs, outages, and maintenance for entities in the petroleum, petrochemical, water, and other industries. The Pipeline segment provides a range of services comprising pipeline construction, pipeline maintenance, pipeline facility work, compressor stations, pump stations, metering facilities, and other pipeline related services for entities in the petroleum and petrochemical industries. The Utilities segment offers utility line installation and maintenance, gas and electric distribution, streetlight construction, substation work, and fiber optic cable installation services. The Civil segment undertakes highway and bridge construction, airport runway and taxiway construction, demolition, heavy earthwork, soil stabilization, mass excavation, and drainage projects. The company also offers process and product engineering services. It serves public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation, and other customers. Primoris Services Corporation is headquartered in Dallas, Texas.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorConstruction
SymbolNASDAQ:PRIM
CUSIP74164F10
Phone214-740-5600

Debt

Debt-to-Equity Ratio0.32
Current Ratio1.58
Quick Ratio1.58

Price-To-Earnings

Trailing P/E Ratio24.54
Forward P/E Ratio17.86
P/E Growth1.81

Sales & Book Value

Annual Sales$2.38 billion
Price / Sales0.61
Cash Flow$2.4298 per share
Price / Cash11.54
Book Value$10.93 per share
Price / Book2.57

Profitability

EPS (Most Recent Fiscal Year)$1.15
Net Income$72.35 million
Net Margins2.81%
Return on Equity9.50%
Return on Assets4.23%

Miscellaneous

Employees7,102
Outstanding Shares51,530,000
Market Cap$1,456.25

Primoris Services (NASDAQ:PRIM) Frequently Asked Questions

What is Primoris Services' stock symbol?

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

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

Primoris Services announced a quarterly dividend on Wednesday, May 9th. Shareholders of record on Friday, June 29th will be given a dividend of $0.06 per share on Friday, July 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, June 28th. View Primoris Services' Dividend History.

How will Primoris Services' stock buyback program work?

Primoris Services declared that its Board of Directors has initiated a stock repurchase plan on Friday, April 7th 2017, which allows the company to repurchase $5,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 0.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

How were Primoris Services' earnings last quarter?

Primoris Services Corp (NASDAQ:PRIM) issued its quarterly earnings data on Tuesday, May, 8th. The construction company reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.01. The construction company earned $504.10 million during the quarter, compared to analyst estimates of $485.10 million. Primoris Services had a net margin of 2.81% and a return on equity of 9.50%. The company's quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. View Primoris Services' Earnings History.

When is Primoris Services' next earnings date?

Primoris Services is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for Primoris Services.

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

Primoris Services updated its FY18 earnings guidance on Tuesday, May, 8th. The company provided EPS guidance of $1.50-$1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.60.

What price target have analysts set for PRIM?

6 Wall Street analysts have issued 1-year target prices for Primoris Services' shares. Their forecasts range from $28.00 to $34.00. On average, they anticipate Primoris Services' stock price to reach $31.50 in the next year. This suggests a possible upside of 12.3% from the stock's current price. View Analyst Ratings for Primoris Services.

What is the consensus analysts' recommendation for Primoris Services?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Who are some of Primoris Services' key competitors?

Some companies that are related to Primoris Services include MasTec (MTZ), Dycom Industries (DY), Aegion (AEGN), MYR Group (MYRG) and Preformed Line Products (PLPC).

Who are Primoris Services' key executives?

Primoris Services' management team includes the folowing people:
  • Mr. Brian Pratt, Chairman & Sr. Strategic Advisor (Age 66)
  • Mr. David L. King, Pres, CEO & Director (Age 66)
  • Mr. Peter J. Moerbeek, Exec. VP, CFO, Principal Accounting Officer & Director (Age 70)
  • Mr. Thomas E. McCormick, Exec. VP & COO (Age 56)
  • Mr. John M. Perisich, Exec. VP, Gen. Counsel & Sec. (Age 53)

Has Primoris Services been receiving favorable news coverage?

Headlines about PRIM stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Primoris Services earned a coverage optimism score of 0.11 on Accern's scale. They also gave media coverage about the construction company an impact score of 47.12 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include VAN BERKOM & ASSOCIATES INC. (5.27%), Bank of Montreal Can (0.08%) and James Investment Research Inc. (0.03%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John M Perisich, John P Schauerman, Peter J Moerbeek, Stephen C Cook and Thomas Edward Mccormick. View Institutional Ownership Trends for Primoris Services.

Which institutional investors are selling Primoris Services stock?

PRIM stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc. and Bank of Montreal Can. Company insiders that have sold Primoris Services company stock in the last year include Brian Pratt, David Lee King, John M Perisich, John P Schauerman, Peter J Moerbeek and Stephen C Cook. View Insider Buying and Selling for Primoris Services.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Primoris Services' stock price today?

One share of PRIM stock can currently be purchased for approximately $28.04.

How big of a company is Primoris Services?

Primoris Services has a market capitalization of $1.46 billion and generates $2.38 billion in revenue each year. The construction company earns $72.35 million in net income (profit) each year or $1.15 on an earnings per share basis. Primoris Services employs 7,102 workers across the globe.

How can I contact Primoris Services?

Primoris Services' mailing address is 2100 MCKINNEY AVENUE SUITE 1500, DALLAS TX, 75201. The construction company can be reached via phone at 214-740-5600 or via email at [email protected]


MarketBeat Community Rating for Primoris Services (NASDAQ PRIM)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  200 (Vote Outperform)
Underperform Votes:  272 (Vote Underperform)
Total Votes:  472
MarketBeat's community ratings are surveys of what our community members think about Primoris Services and other stocks. Vote "Outperform" if you believe PRIM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PRIM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/20/2018 by MarketBeat.com Staff

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