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NASDAQ:PRIM

Primoris Services (PRIM) Stock Price, News & Analysis

$39.91
+0.40 (+1.01%)
(As of 02/23/2024 ET)
Today's Range
$39.36
$40.34
50-Day Range
$31.11
$39.91
52-Week Range
$22.90
$40.34
Volume
559,429 shs
Average Volume
388,082 shs
Market Capitalization
$2.13 billion
P/E Ratio
16.63
Dividend Yield
0.60%
Price Target
$33.67

Primoris Services MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.6% Downside
$33.67 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.54
Upright™ Environmental Score
News Sentiment
0.87mentions of Primoris Services in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.87 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.86 out of 5 stars

Construction Sector

74th out of 101 stocks

Water, Sewer, & Utility Lines Industry

3rd out of 4 stocks

PRIM stock logo

About Primoris Services Stock (NASDAQ:PRIM)

Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, and petrochemical industries, as well as state departments of transportation. The Pipeline Services segment offers a range of services comprising pipeline construction and maintenance, carbon capture and storage services; pipeline 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 company was founded in 1960 and is headquartered in Dallas, Texas.

PRIM Stock Price History

PRIM Stock News Headlines

Earnings Preview: Primoris Services
PRIM Jun 2024 37.500 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Primoris Services (PRIM) Scheduled to Post Earnings on Monday
Primoris Services Corporation (PRIM)
Primoris Services Corporation
Primoris Services Gets $1.1B in Energy Project Awards
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Dinova Celebrates Expansion of Business Dining Program
PRIM Primoris Services Corporation
Primoris CEO sells stock worth $1.7M
Q3 2023 Primoris Services Corp Earnings Call
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Ex-Dividend for 1/12 Dividend
12/28/2023
Dividend Payable
1/12/2024
Today
2/23/2024
Next Earnings (Confirmed)
2/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Current Symbol
NASDAQ:PRIM
CUSIP
74164F10
Fax
N/A
Employees
12,802
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$33.67
High Stock Price Target
$40.00
Low Stock Price Target
$27.00
Potential Upside/Downside
-15.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$133.02 million
Pretax Margin
3.08%

Debt

Sales & Book Value

Annual Sales
$4.42 billion
Cash Flow
$4.54 per share
Book Value
$20.88 per share

Miscellaneous

Free Float
52,613,000
Market Cap
$2.13 billion
Optionable
Optionable
Beta
1.16

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Key Executives

  • Mr. Thomas E. McCormick (Age 62)
    CEO, President & Director
    Comp: $2.11M
  • Mr. Kenneth M. Dodgen CPA (Age 58)
    Executive VP & CFO
    Comp: $1.2M
  • Mr. John M. Perisich (Age 59)
    Executive VP, Chief Legal Officer & Secretary
    Comp: $1.21M
  • Mr. Travis L. Stricker (Age 53)
    Chief Accounting Officer & Senior VP of Finance
  • Mr. Chad Haxton
    Chief Information Officer
  • Blake Holcomb
    Vice President of Investor Relations
  • Ms. Rhonda Anderson
    Chief Human Resources Officer














PRIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Primoris Services stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last twelve months. There are currently 1 hold rating and 1 buy rating 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.

What is Primoris Services' stock price target for 2024?

2 Wall Street analysts have issued 1-year price targets for Primoris Services' stock. Their PRIM share price targets range from $27.00 to $40.00. On average, they anticipate the company's stock price to reach $33.67 in the next twelve months. This suggests that the stock has a possible downside of 15.6%.
View analysts price targets for PRIM
or view top-rated stocks among Wall Street analysts.

How have PRIM shares performed in 2024?

Primoris Services' stock was trading at $33.21 at the start of the year. Since then, PRIM shares have increased by 20.2% and is now trading at $39.91.
View the best growth stocks for 2024 here
.

When is Primoris Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our PRIM earnings forecast
.

How can I listen to Primoris Services' earnings call?

Primoris Services will be holding an earnings conference call on Tuesday, February 27th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "7581464".

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) posted its quarterly earnings results on Tuesday, November, 7th. The construction company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. The construction company earned $1.53 billion during the quarter, compared to the consensus estimate of $1.43 billion. Primoris Services had a trailing twelve-month return on equity of 13.90% and a net margin of 2.35%. The business's revenue for the quarter was up 19.1% on a year-over-year basis. During the same period last year, the company posted $1.12 earnings per share.

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

Primoris Services declared a quarterly dividend on Tuesday, November 7th. Investors of record on Friday, December 29th will be given a dividend of $0.06 per share on Friday, January 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, December 28th.
Read our dividend analysis for PRIM
.

Is Primoris Services a good dividend stock?

Primoris Services (NASDAQ:PRIM) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.62%. The dividend payout ratio is 10.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRIM will have a dividend payout ratio of 8.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRIM.

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

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.

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

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.79%), Dimensional Fund Advisors LP (6.74%), Franklin Resources Inc. (4.60%), GW&K Investment Management LLC (2.43%), Schroder Investment Management Group (1.88%) and Charles Schwab Investment Management Inc. (1.65%). Insiders that own company stock include David Lee King, John F Moreno Jr, John M Perisich, John P Schauerman, Stephen C Cook, Terry D Mccallister and Thomas Edward Mccormick.
View institutional ownership trends
.

How do I buy shares of Primoris Services?

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

Does Primoris Services have any subsidiaries?
The following companies are subsidiares of Primoris Services: ARB Chile Ltda., ARB Inc., ARB Structures Inc., Aevenia Inc., Cardinal Contractors Inc., Coastal Field Services, Cravens Services, FSSI, Florida Gas Contractors, Future Infrastructure, James Construction Group, James Construction Group LLC, Juniper Rock Corporation, Mueller Concrete Construction Company, Northern Energy & Power, OnQuest Canada ULC, OnQuest Inc., PFMG Solar Tustin LLC, Pipe Jacking Trenchless Inc., Primoris Aevenia Inc., Primoris Design & Construction Inc., Primoris Distribution Services Inc., Primoris Electric Inc., Primoris Energy Services Corporation, Primoris T&D Services LLC, Primoris Willbros Canada ULC, Q3 Contracting Inc., Q3C, Ram-Fab, Rockford Corporation, Rockford Holdings Corporation, Rockford Pipelines Canada Inc., Saxon Construction Inc., Sprint Pipeline Services, Surber, Vadnais, Vadnais Trenchless Services Inc., WesPac Energy, Willbros Group, Willbros Group Inc., and Williams.
Read More
This page (NASDAQ:PRIM) was last updated on 2/23/2024 by MarketBeat.com Staff

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