Primoris Services Corporation Company Profile (NASDAQ:PRIM)

About Primoris Services Corporation

Primoris Services Corporation logoPrimoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. It operates in three segments: the West Construction Services segment (West segment), the East Construction Services segment (East segment) and the Energy segment. The West segment includes underground and industrial operations, and construction services performed by ARB, Inc., ARB Structures, Inc., Rockford Corporation, Q3C and Vadnais. The East segment includes the JCG Heavy Civil division, the JCG Infrastructure and Maintenance division, BW Primoris and Cardinal Contractors, Inc. construction business. The Energy segment includes operations of the Primoris Energy Services (PES) pipeline and gas facility construction and maintenance operations, the JCG Industrial division, the Surber and Ram-Fab operations, and the Primoris Aevenia, Inc. (Aevenia) operations.

Industry, Sector and Symbol:
  • Sector: Construction
  • Industry: Heavy Construction
  • Sub-Industry: Construction & Engineering
  • Exchange: NASDAQ
  • Symbol: PRIM
  • CUSIP: 74164F10
Key Metrics:
  • Previous Close: $25.24
  • 50 Day Moving Average: $24.07
  • 200 Day Moving Average: $21.69
  • 52-Week Range: $16.13 - $25.71
  • Trailing P/E Ratio: 52.69
  • Foreward P/E Ratio: 22.34
  • P/E Growth: 3.91
  • Market Cap: $1.31B
  • Outstanding Shares: 51,784,000
  • Beta: 1.65
Profitability:
  • Net Margins: 1.31%
  • Return on Equity: 6.87%
  • Return on Assets: 3.00%
Debt:
  • Debt-to-Equity Ratio: 0.44%
  • Current Ratio: 1.68%
  • Quick Ratio: 1.54%
Additional Links:
Companies Related to Primoris Services Corporation:

Analyst Ratings

Consensus Ratings for Primoris Services Corporation (NASDAQ:PRIM) (?)
Ratings Breakdown: 5 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: $26.00 (3.01% upside)

Analysts' Ratings History for Primoris Services Corporation (NASDAQ:PRIM)
Show:
DateFirmActionRatingPrice TargetDetails
2/24/2017Canaccord GenuityReiterated RatingBuy$28.00View Rating Details
2/7/2017StephensInitiated CoverageEqual WeightView Rating Details
12/1/2016KeyCorpReiterated RatingHoldView Rating Details
11/21/2016SidotiInitiated CoverageNeutral$25.00View Rating Details
11/18/2016Avondale PartnersDowngradeOutperform -> Market PerformView Rating Details
11/9/2016WunderlichBoost Price TargetBuy$23.00 -> $25.00View Rating Details
8/25/2016Seaport Global SecuritiesUpgradeNeutral -> Buy$20.00 -> $24.00View Rating Details
8/4/2016DA DavidsonDowngradeBuy -> NeutralView Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Primoris Services Corporation (NASDAQ:PRIM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/28/2017Q416$0.31$542.42 millionN/AView Earnings Details
11/8/2016Q316$0.25$0.09$536.07 million$507.80 millionViewListenView Earnings Details
8/4/2016Q216$0.22$0.10$516.76 million$456.81 millionViewN/AView Earnings Details
5/5/2016Q116$0.06$0.05$423.00 million$430.40 millionViewN/AView Earnings Details
2/25/2016Q415$0.30$0.24$527.72 million$497.10 millionViewListenView Earnings Details
11/5/2015Q315$0.37$0.37$599.28 million$555.90 millionViewListenView Earnings Details
8/6/2015Q215$0.19$0.07$494.81 million$483.50 millionViewListenView Earnings Details
5/5/2015Q115$0.13$0.03$434.40 million$392.80 millionViewListenView Earnings Details
3/3/2015Q414$0.49$0.17$622.96 million$487.60 millionViewListenView Earnings Details
11/6/2014Q314$0.49$0.53$599.03 million$613.20 millionViewListenView Earnings Details
8/7/2014Q214$0.31$0.31$503.10 million$515.00 millionViewN/AView Earnings Details
5/6/2014Q114$0.20$0.21$460.95 million$470.00 millionViewN/AView Earnings Details
2/28/2014Q413$0.39$0.44$541.11 million$537.90 millionViewN/AView Earnings Details
11/5/2013Q313$0.42$0.42$513.78 million$551.30 millionViewN/AView Earnings Details
8/7/2013Q2 2013$0.29$0.30$451.20 million$445.00 millionViewN/AView Earnings Details
5/29/2013Q1 13$0.18$0.19ViewN/AView Earnings Details
5/7/2013Q1 2013$0.18$0.19$352.60 million$410.00 millionViewN/AView Earnings Details
3/7/2013Q4 2012$0.30$0.33$402.81 million$480.80 millionViewN/AView Earnings Details
11/6/2012Q312$0.33$0.34$408.53 million$431.80 millionViewN/AView Earnings Details
8/8/2012$0.22$0.23ViewN/AView Earnings Details
5/9/2012$0.24$0.20ViewN/AView Earnings Details
3/1/2012$0.22$0.35ViewN/AView Earnings Details
11/8/2011$0.20$0.38ViewN/AView Earnings Details
8/4/2011$0.24$0.28ViewN/AView Earnings Details
5/10/2011$0.22$0.24ViewN/AView Earnings Details
3/16/2011$0.22$0.24ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Primoris Services Corporation (NASDAQ:PRIM)
Current Year EPS Consensus Estimate: $0.58 EPS
Next Year EPS Consensus Estimate: $1.13 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20165$0.05$0.20$0.12
Q2 20165$0.20$0.31$0.25
Q3 20164$0.20$0.46$0.35
Q4 20165$0.33$0.47$0.40
Q1 20171$0.19$0.19$0.19
Q2 20171$0.29$0.29$0.29
Q3 20171$0.32$0.32$0.32
Q4 20171$0.35$0.35$0.35
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Primoris Services Corporation (NASDAQ:PRIM)
Annual Dividend:$0.22
Dividend Yield:0.87%
Payout Ratio:45.83% (Based on Trailing 12 Months of Earnings)
37.93% (Based on Current Year Consensus EPS Estimate)
19.47% (Based on Next Year Consensus EPS Estimate)

Dividend History for Primoris Services Corporation (NASDAQ:PRIM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/9/2016quarterly$0.060.98%12/28/201612/31/20161/16/2017
8/4/2016quarterly$0.061.22%9/28/20169/30/201610/14/2016
5/6/2016quarterly$0.060.97%6/28/20166/30/20167/15/2016
2/26/2016quarterly$0.061.04%3/29/20163/31/20164/15/2016
11/9/2015quarterly$0.061.03%12/29/201512/31/20151/15/2016
8/7/2015quarterly$0.061.22%9/28/20159/30/201510/15/2015
5/6/2015quarterly$0.061.15%6/26/20156/30/20157/15/2015
3/6/2015quarterly$0.040.93%3/27/20153/31/20154/15/2015
11/4/2014quarterly$0.040.7%12/29/201412/31/20141/15/2015
8/7/2014quarterly$0.040.56%9/26/20149/30/201410/15/2014
5/6/2014quarterly$0.040.49%6/26/20146/30/20147/15/2014
5/6/2014quarterly$0.046/30/20146/15/2014
2/28/2014quarterly$0.040.45%3/27/20143/31/20144/15/2014
11/6/2013quarterly$0.040.5%12/27/201312/31/20131/15/2014
8/8/2013quarterly$0.040.62%9/26/20139/30/201310/15/2013
5/8/2013quarterly$0.040.65%6/26/20136/28/20137/15/2013
3/7/2013quarterly$0.030.59%3/26/20133/29/20134/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Primoris Services Corporation (NASDAQ:PRIM)
Insider Ownership Percentage: 23.10%
Institutional Ownership Percentage: 72.83%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/14/2016Stephen C CookDirectorSell10,144$24.00$243,456.00View SEC Filing  
9/30/2014Thomas E TuckerDirectorSell2,000$27.19$54,380.00View SEC Filing  
6/27/2014Thomas E TuckerDirectorSell2,000$29.06$58,120.00View SEC Filing  
5/20/2014Brian PrattCEOSell745,000$28.15$20,971,750.00View SEC Filing  
3/21/2014Michael KillgoreVPSell8,480$31.16$264,236.80View SEC Filing  
3/18/2014Eric RosenfeldDirectorSell71,900$31.04$2,231,776.00View SEC Filing  
3/7/2014Brian PrattCEOBuy3,864$21.57$83,346.48View SEC Filing  
3/7/2014John PerisichVPBuy2,512$21.57$54,183.84View SEC Filing  
3/7/2014Peter MoerbeekCFOBuy2,898$21.57$62,509.86View SEC Filing  
3/5/2014Eric RosenfeldDirectorSell21,840$32.45$708,708.00View SEC Filing  
12/5/2013Thomas TuckerDirectorSell6,965$21.27$148,145.55View SEC Filing  
11/26/2013Eric RosenfeldDirectorSell3,122$28.60$89,289.20View SEC Filing  
9/6/2013Michael D KillgoreVPSell15,000$23.85$357,750.00View SEC Filing  
9/4/2013Eric RosenfeldDirectorSell9,474$23.00$217,902.00View SEC Filing  
8/26/2013Eric RosenfeldDirectorSell10,526$23.13$243,466.38View SEC Filing  
8/22/2013Eric RosenfeldDirectorSell80,000$22.87$1,829,600.00View SEC Filing  
6/28/2013Eric RosenfeldDirectorSell13,174$19.96$262,953.04View SEC Filing  
6/17/2013Brian PrattCEOSell824,400$20.18$16,636,392.00View SEC Filing  
5/24/2013Michael D KillgoreVPSell20,000$21.41$428,200.00View SEC Filing  
5/16/2013Michael D KillgoreVPSell20,000$21.26$425,200.00View SEC Filing  
3/13/2013Perisich Family Trust Dated JuInsiderBuy4,538$11.02$50,008.76View SEC Filing  
3/13/2013Peter J MoerbeekCFOBuy5,294$11.02$58,339.88View SEC Filing  
11/23/2012Eric RosenfeldDirectorSell20,348$14.51$295,249.48View SEC Filing  
11/13/2012Thomas E TuckerDirectorSell9,000$14.07$126,630.00View SEC Filing  
9/14/2012Brian PrattCEOSell122,981$13.14$1,615,970.34View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Primoris Services Corporation (NASDAQ:PRIM)
DateHeadline
4-traders.com logoPrimoris Services : UPDATE - Primoris Services Corporation Announces Utilities and Distribution Awards Valued at Over $74 Million (NASDAQ:PRIM)
www.4-traders.com - February 24 at 8:22 AM
finance.yahoo.com logoUPDATE - Primoris Services Corporation Announces Utilities and Distribution Awards Valued at Over $74 Million (NASDAQ:PRIM)
finance.yahoo.com - February 23 at 7:26 PM
reuters.com logoBRIEF-Primoris Services secures contracts worth over $74 mln (NASDAQ:PRIM)
www.reuters.com - February 23 at 8:51 AM
finance.yahoo.com logoPrimoris Services Corporation Announces Utilties and Distribution Awards Valued at Over $74 Million (NASDAQ:PRIM)
finance.yahoo.com - February 23 at 8:51 AM
News IconFor jobless, Trades Fair lends hope (NASDAQ:PRIM)
www.theadvertiser.com - February 22 at 7:27 PM
streetinsider.com logoForm 4 Primoris Services Corp For: Feb 21 Filed by: Tucker Thomas E. (NASDAQ:PRIM)
www.streetinsider.com - February 22 at 7:27 PM
us.rd.yahoo.com logoPrimoris Services Corporation Announces Microtunneling Award Valued at $89 Million (NASDAQ:PRIM)
us.rd.yahoo.com - February 22 at 9:24 AM
einnews.com logoGostisbehere has 3 assists, Flyers beat Canucks 3-2 (NASDAQ:PRIM)
semiconductors.einnews.com - February 20 at 9:22 AM
finance.yahoo.com logoPrimoris Services Corporation Schedules Conference Call to Discuss 2016 Fourth Quarter and Full Year Financial Results (NASDAQ:PRIM)
finance.yahoo.com - February 17 at 8:08 PM
us.rd.yahoo.com logoPrimoris Services Corporation Announces Louisiana Heavy Civil Award Valued at Over $124 Million (NASDAQ:PRIM)
us.rd.yahoo.com - February 16 at 6:56 PM
us.rd.yahoo.com logoPrimoris Services Corporation Announces Louisiana Heavy Civil Award Valued at Over $124 Million (NASDAQ:PRIM)
us.rd.yahoo.com - February 16 at 6:56 PM
News IconOnQuest secures EPC contract for new LNG facility (NASDAQ:PRIM)
www.lngindustry.com - February 10 at 9:25 PM
reuters.com logoBRIEF-Primoris Services Corp says LNG engineering, construction award valued at over $100 mln (NASDAQ:PRIM)
www.reuters.com - February 9 at 9:52 PM
finance.yahoo.com logoPrimoris Services Corporation Announces LNG Engineering and Construction Award Valued at Over $100 Million (NASDAQ:PRIM)
finance.yahoo.com - February 9 at 9:52 PM
streetinsider.com logoPrimoris Services (PRIM) Announces $18M Industrial Award (NASDAQ:PRIM)
www.streetinsider.com - January 31 at 9:05 PM
finance.yahoo.com logoPrimoris Services Corporation Announces Industrial Award Valued at Over $18 Million (NASDAQ:PRIM)
finance.yahoo.com - January 31 at 9:05 PM
us.rd.yahoo.com logoPrimoris Services Corporation Announces Utility and Distribution Award Valued at $24 Million (NASDAQ:PRIM)
us.rd.yahoo.com - January 27 at 1:22 AM
capitalcube.com logoPrimoris Services Corp. breached its 50 day moving average in a Bullish Manner : PRIM-US : January 25, 2017 (NASDAQ:PRIM)
www.capitalcube.com - January 26 at 2:06 AM
finance.yahoo.com logo7:31 am Primoris Services announces that Spring Ridge Constructors, a JV of 4 pipeline construction companies including Primoris' Rockford, has awarded 4 spreads valued at over $680 mln (NASDAQ:PRIM)
finance.yahoo.com - January 20 at 6:05 AM
reuters.com logoBRIEF-Primoris services says unit Rockford Corp awarded $680 mln pipeline construction award (NASDAQ:PRIM)
www.reuters.com - January 19 at 12:56 AM
us.rd.yahoo.com logoPrimoris Services Corporation Provides Update on $680 Million Pipeline Construction Award (NASDAQ:PRIM)
us.rd.yahoo.com - January 18 at 8:29 AM
capitalcube.com logoPrimoris Services Corp. – Value Analysis (NASDAQ:PRIM) : January 11, 2017 (NASDAQ:PRIM)
www.capitalcube.com - January 11 at 8:00 PM
capitalcube.com logoPrimoris Services Corp. breached its 50 day moving average in a Bearish Manner : PRIM-US : January 10, 2017 (NASDAQ:PRIM)
www.capitalcube.com - January 10 at 8:16 PM
einnews.com logoJanuary 9 is the day people are most likely to try and start an affair (NASDAQ:PRIM)
brazilbusiness.einnews.com - January 4 at 8:10 PM
streetinsider.com logoPrimoris Services Corporation Announces Civil Award Valued at Over $30 Million (NASDAQ:PRIM)
www.streetinsider.com - January 4 at 8:10 PM
News IconThe Ihn Company buys 12,735 sq foot industrial building in Pewaukee (NASDAQ:PRIM)
www.lakecountrynow.com - December 20 at 7:01 PM
us.rd.yahoo.com logoPrimoris Services Corporation Announces Pipeline Award Valued at Approximately $20 Million (NASDAQ:PRIM)
us.rd.yahoo.com - December 14 at 8:23 AM
us.rd.yahoo.com logo7:31 am Primoris Services announces a new pipeline award valued at approximately $20 million (NASDAQ:PRIM)
us.rd.yahoo.com - December 14 at 8:23 AM
News IconIs Primoris Services Corp (PRIM) A Good Stock To Buy? (NASDAQ:PRIM)
feedproxy.google.com - December 12 at 8:15 AM
capitalcube.com logoETFs with exposure to Primoris Services Corp. : December 9, 2016 (NASDAQ:PRIM)
www.capitalcube.com - December 9 at 7:18 PM
News IconMYR Group board director resigns (NASDAQ:PRIM)
www.dailyherald.com - November 30 at 12:14 PM
finance.yahoo.com logoPrimoris Services Corporation Announces Parking Structure Award Valued at $13 Million (NASDAQ:PRIM)
finance.yahoo.com - November 22 at 11:21 AM
capitalcube.com logoETFs with exposure to Primoris Services Corp. : November 18, 2016 (NASDAQ:PRIM)
www.capitalcube.com - November 18 at 6:32 PM
reuters.com logoBRIEF-Primoris Services appoints John Schauerman as a member of its board (NASDAQ:PRIM)
www.reuters.com - November 16 at 10:38 AM
4-traders.com logoPrimoris Services Corporation : Announces Industrial and Heavy Civil Awards Valued at $49 Million (NASDAQ:PRIM)
www.4-traders.com - November 15 at 7:34 PM
publicnow.com logoPrimoris Services Corporation Appoints John P. Schauerman as a Member of Its Board of Directors (NASDAQ:PRIM)
www.publicnow.com - November 15 at 10:39 AM
News IconPrimoris Services Corp 21% Potential Upside Now Implied by Wunderlich (NASDAQ:PRIM)
larampadinapoli.com - November 12 at 7:00 PM
finance.yahoo.com logoPrimoris Services Corporation Announces Industrial and Heavy Civil Awards Valued at $49 Million (NASDAQ:PRIM)
finance.yahoo.com - November 10 at 10:05 AM
einnews.com logoTesco Bank says £2.5m was stolen from 9,000 customers in cyberattack (NASDAQ:PRIM)
semiconductors.einnews.com - November 9 at 6:54 PM
einnews.com logoGlobal Major Reverse Osmosis System Components for Water Treatment Market Analysis 2016 Forecasts to 2021 (NASDAQ:PRIM)
www.einnews.com - November 9 at 6:54 PM
capitalcube.com logoPrimoris Services Corp. breached its 50 day moving average in a Bullish Manner : PRIM-US : November 9, 2016 (NASDAQ:PRIM)
www.capitalcube.com - November 9 at 9:33 AM
finance.yahoo.com logoPrimoris Services Corporation Announces Underground Award Valued at $30 Million (NASDAQ:PRIM)
finance.yahoo.com - November 9 at 9:33 AM
reuters.com logoBRIEF-Primoris Services Q3 earnings per share $0.09 (NASDAQ:PRIM)
www.reuters.com - November 8 at 6:42 PM
seekingalpha.com logoPrimoris Services (PRIM) Q3 2016 Results - Earnings Call Transcript (NASDAQ:PRIM)
seekingalpha.com - November 8 at 6:42 PM
biz.yahoo.com logoPRIMORIS SERVICES CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial Sta (NASDAQ:PRIM)
biz.yahoo.com - November 8 at 6:42 PM
sg.finance.yahoo.com logoPrimoris Services beats 3Q profit forecasts (NASDAQ:PRIM)
sg.finance.yahoo.com - November 8 at 10:25 AM
publicnow.com logoPrimoris Services Corporation Announces 2016 Third Quarter Financial Results (NASDAQ:PRIM)
www.publicnow.com - November 8 at 10:25 AM
biz.yahoo.com logoQ3 2016 Primoris Services Corp Earnings Release - Before Market Open (NASDAQ:PRIM)
biz.yahoo.com - November 8 at 10:25 AM
finance.yahoo.com logoConstruction Stocks' Earnings Lineup for Nov 8: DHI, PRIM (NASDAQ:PRIM)
finance.yahoo.com - November 7 at 10:51 AM
News IconEnergy, Award of Merit - Miami LNG Plant (NASDAQ:PRIM)
www.enr.com - November 2 at 10:28 AM

Social

What is Primoris Services Corporation's stock symbol?

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

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

Primoris Services Corporation announced a quarterly dividend on Wednesday, November 9th. Shareholders of record on Saturday, December 31st will be given a dividend of $0.055 per share on Monday, January 16th. This represents a $0.22 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, December 28th.

Where is Primoris Services Corporation's stock going? Where will Primoris Services Corporation's stock price be in 2017?

8 brokerages have issued 12-month price objectives for Primoris Services Corporation's shares. Their predictions range from $24.00 to $28.00. On average, they anticipate Primoris Services Corporation's stock price to reach $26.00 in the next twelve months.

When will Primoris Services Corporation announce their earnings?

Primoris Services Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, February, 28th 2017.

Who owns Primoris Services Corporation stock?

Primoris Services Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Barrow Hanley Mewhinney & Strauss LLC (5.93%), Dimensional Fund Advisors LP (3.91%), Hodges Capital Management Inc. (2.31%), Loomis Sayles & Co. L P (1.56%), State Street Corp (1.34%) and Russell Investments Group Ltd. (1.29%).

Who sold Primoris Services Corporation stock? Who is selling Primoris Services Corporation stock?

Primoris Services Corporation's stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Barrow Hanley Mewhinney & Strauss LLC, Millrace Asset Group Inc., Hodges Capital Management Inc., Loomis Sayles & Co. L P, Comerica Bank, Renaissance Technologies LLC and AQR Capital Management LLC.

Who bought Primoris Services Corporation stock? Who is buying Primoris Services Corporation stock?

Primoris Services Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Value Holdings Management CO. LLC, 1060 Capital LLC, Divisar Capital Management LLC, Two Sigma Investments LP, Putnam Investments LLC, State Street Corp and A.R.T. Advisors LLC.

How do I buy Primoris Services Corporation stock?

Shares of Primoris Services Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Primoris Services Corporation stock cost?

One share of Primoris Services Corporation stock can currently be purchased for approximately $25.24.

Primoris Services Corporation (NASDAQ:PRIM) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Primoris Services Corporation (NASDAQ:PRIM)

Earnings History Chart

Earnings by Quarter for Primoris Services Corporation (NASDAQ:PRIM)

Dividend History Chart

Dividend Payments by Quarter for Primoris Services Corporation (NASDAQ:PRIM)

Last Updated on 2/24/2017 by MarketBeat.com Staff