Primoris Services (PRIM) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PRIM shares.
View PRIM analyst ratings or view top-rated stocks.

3 equities research analysts have issued 12-month price targets for Primoris Services' shares. Their PRIM share price forecasts range from $27.00 to $40.00. On average, they anticipate the company's share price to reach $32.25 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts price targets for PRIM or view top-rated stocks among Wall Street analysts.

Primoris Services' stock was trading at $21.94 at the beginning of the year. Since then, PRIM stock has increased by 49.2% and is now trading at $32.73.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our PRIM earnings forecast.

Primoris Services Co. (NASDAQ:PRIM) released its earnings results on Monday, August, 7th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.30. The construction company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.35 billion. Primoris Services had a net margin of 2.36% and a trailing twelve-month return on equity of 14.77%. The firm's quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 EPS.

Primoris Services declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Friday, September 29th will be given a dividend of $0.06 per share on Friday, October 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for PRIM.

ETFs with the largest weight of Primoris Services (NASDAQ:PRIM) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Qraft AI-Enhanced Next Value ETF (NVQ), iShares U.S. Infrastructure ETF (IFRA), Small Cap US Equity Select ETF (RNSC) and IQ Chaikin U.S. Small Cap ETF (CSML).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).

Primoris Services (NASDAQ:PRIM) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.73%. The dividend payout ratio is 10.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRIM will have a dividend payout ratio of 8.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRIM.

Primoris Services issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $2.60-$2.80 for the period, compared to the consensus EPS estimate of $2.32. The company issued revenue guidance of -.

23 employees have rated Primoris Services Chief Executive Officer Brian Pratt on Glassdoor.com. Brian Pratt has an approval rating of 71% among the company's employees.

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), Southern (SO) and AT&T (T).

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

Shares of PRIM stock 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.
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One share of PRIM stock can currently be purchased for approximately $32.73.

Primoris Services (NASDAQ:PRIM) has a market capitalization of $1.75 billion and generates $4.42 billion in revenue each year. The construction company earns $133.02 million in net income (profit) each year or $2.31 on an earnings per share basis.

The company employs 12,802 workers across the globe.

Primoris Services' mailing address is 2300 N. Field Street Suite1900, Dallas TX, 75201. The official website for the company is www.prim.com. The construction company can be reached via phone at (214) 740-5600 or via email at ktholking@prim.com.