Primoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. The Company provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation and other customers. It operates in three segments: the West Construction Services segment (West segment), the East Construction Services segment (East segment) and the Energy segment. The Company installs, replaces, repairs and rehabilitates natural gas, refined product, water and wastewater pipeline systems; large diameter gas and liquid pipeline facilities, and heavy civil projects, earthwork and site development.
Industry, Sector and Symbol:
- Sector: Construction
- Industry: Heavy Construction
- Sub-Industry: Construction & Engineering
- Symbol: NASDAQ:PRIM
- CUSIP: 74164F10
- Web: www.prim.com
- Market Cap: $1.2 billion
- Outstanding Shares: 51,437,000
- 50 Day Moving Avg: $23.17
- 200 Day Moving Avg: $23.61
- 52 Week Range: $16.13 - $29.19
Sales & Book Value:
- Trailing P/E Ratio: 37.74
- Foreward P/E Ratio: 16.72
- P/E Growth: 1.80
- Annual Revenue: $2.13 billion
- Price / Sales: 0.56
- Book Value: $9.71 per share
- Price / Book: 2.39
- Annual Dividend: $0.22
- Dividend Yield: 1.0%
- EBIDTA: $136.03 million
- Net Margins: 1.31%
- Return on Equity: 6.87%
- Return on Assets: 3.00%
- Debt-to-Equity Ratio: 0.44%
- Current Ratio: 1.68%
- Quick Ratio: 1.54%
- Average Volume: 211,667 shs.
- Beta: 1.65
- Short Ratio: 5.57
Frequently Asked Questions for Primoris Services Corp (NASDAQ:PRIM)
What is Primoris Services Corp's stock symbol?
Primoris Services Corp trades on the NASDAQ under the ticker symbol "PRIM."
How often does Primoris Services Corp pay dividends? What is the dividend yield for Primoris Services Corp?
Primoris Services Corp declared a quarterly dividend on Thursday, May 11th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.055 per share on Friday, July 14th. This represents a $0.22 annualized dividend and a yield of 0.95%. The ex-dividend date is Wednesday, June 28th. View Primoris Services Corp's Dividend History.
How will Primoris Services Corp's stock buyback program work?
Primoris Services Corp declared that its board 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.
How were Primoris Services Corp's earnings last quarter?
Primoris Services Corp (NASDAQ:PRIM) issued its quarterly earnings data on Tuesday, May, 9th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.14 by $0.01. The company earned $561.50 million during the quarter, compared to analyst estimates of $517.50 million. Primoris Services Corp had a net margin of 1.31% and a return on equity of 6.87%. The firm's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS. View Primoris Services Corp's Earnings History.
Where is Primoris Services Corp's stock going? Where will Primoris Services Corp's stock price be in 2017?
8 brokers have issued 1-year target prices for Primoris Services Corp's stock. Their forecasts range from $24.00 to $28.00. On average, they expect Primoris Services Corp's share price to reach $25.50 in the next year. View Analyst Ratings for Primoris Services Corp.
What are analysts saying about Primoris Services Corp stock?
Here are some recent quotes from research analysts about Primoris Services Corp stock:
- 1. Canaccord Genuity analysts commented, "We maintain our estimates slightly above the guided range for 2017, following a strong Q4 that delivered upside and record backlog. With a general broadening of positive trends, a strong outlook for large diameter pipeline and MSA work, and a better environment for Texas Heavy Civil, we believe Primoris remains well positioned to deliver upside to consensus estimates. Our price target remains $28. Investment highlights PRIM reported Q4/16 results of $601.9M in revenues and $0.28 in EPS. Revenues were ahead of our estimates and consensus of $534.4M and $536M, respectively, on higher-than-expected West segment contributions from the company’s two ongoing Rockford pipeline projects in Florida while reported EPS was in line with our prior estimate and below consensus of $0.31. The lower-than-expected EPS stemmed from a lower-than-anticipated gross margin and greater-than-expected Opex. PRIM reported a total backlog of $2.8B, of which $1.8B is expected to be converted to revenues this year. The total backlog increased 32% Y/Y." (2/24/2017)
- 2. According to Zacks Investment Research, "Primoris Services Corporation, through various subsidiaries, operates as one of the largest specialty contractors and infrastructure companies in the United States. The Company provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, and other customers. It operates through three segments: East Construction Services; West Construction Services; and Engineering. Primoris Services Corporation is headquartered in Dallas, Texas. " (1/11/2017)
Who are some of Primoris Services Corp's key competitors?
Some companies that are related to Primoris Services Corp include ABM Industries (ABM), Armstrong World Industries (AWI), GCP Applied Technologies (GCP), KBR (KBR), Chicago Bridge & Iron Company (CBI), TopBuild Corp (BLD), TRI Pointe Group (TPH), AAON (AAON), Simpson Manufacturing Co (SSD), Granite Construction (GVA), Universal Forest Products (UFPI), Trex Company (TREX), KB Home (KBH), Potlatch (PCH), M.D.C. Holdings (MDC), Meritage Homes Corp (MTH), Installed Building Products (IBP) and Caesarstone Ltd (CSTE).
Who owns Primoris Services Corp stock?
Primoris Services Corp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.23%), Barrow Hanley Mewhinney & Strauss LLC (5.67%), Wellington Management Group LLP (5.18%), Dimensional Fund Advisors LP (4.11%), Van Berkom & Associates Inc. (3.96%) and Macquarie Group Ltd. (3.60%). View Institutional Ownership Trends for Primoris Services Corp.
Who sold Primoris Services Corp stock? Who is selling Primoris Services Corp stock?
Primoris Services Corp's stock was sold by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Russell Investments Group Ltd., Barrow Hanley Mewhinney & Strauss LLC, Value Holdings Management CO. LLC, Hodges Capital Management Inc., Eagle Asset Management Inc., Morgan Stanley and Comerica Bank. View Insider Buying and Selling for Primoris Services Corp.
Who bought Primoris Services Corp stock? Who is buying Primoris Services Corp stock?
Primoris Services Corp's stock was bought by a variety of institutional investors in the last quarter, including Emerald Advisers Inc. PA, Emerald Mutual Fund Advisers Trust, Next Century Growth Investors LLC, Vanguard Group Inc., Dimensional Fund Advisors LP, First Trust Advisors LP, Daiwa Securities Group Inc. and Driehaus Capital Management LLC. View Insider Buying and Selling for Primoris Services Corp.
How do I buy Primoris Services Corp stock?
Shares of Primoris Services Corp 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 Corp stock cost?
One share of Primoris Services Corp stock can currently be purchased for approximately $23.24.
Earnings History for Primoris Services Corp (NASDAQ:PRIM)Earnings History by Quarter for Primoris Services Corp (NASDAQ:PRIM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/9/2017||Q1 2017||$0.14||$0.15||$517.50 million||$561.50 million||View||Listen|
|2/28/2017||Q416||$0.31||$0.28||$542.42 million||$601.90 million||View||Listen|
|11/8/2016||Q316||$0.25||$0.09||$536.07 million||$507.80 million||View||Listen|
|8/4/2016||Q216||$0.22||$0.10||$516.76 million||$456.81 million||View||N/A|
|5/5/2016||Q116||$0.06||$0.05||$423.00 million||$430.40 million||View||N/A|
|2/25/2016||Q415||$0.30||$0.24||$527.72 million||$497.10 million||View||Listen|
|11/5/2015||Q315||$0.37||$0.37||$599.28 million||$555.90 million||View||Listen|
|8/6/2015||Q215||$0.19||$0.07||$494.81 million||$483.50 million||View||Listen|
|5/5/2015||Q115||$0.13||$0.03||$434.40 million||$392.80 million||View||Listen|
|3/3/2015||Q414||$0.49||$0.17||$622.96 million||$487.60 million||View||Listen|
|11/6/2014||Q314||$0.49||$0.53||$599.03 million||$613.20 million||View||Listen|
|8/7/2014||Q214||$0.31||$0.31||$503.10 million||$515.00 million||View||N/A|
|5/6/2014||Q114||$0.20||$0.21||$460.95 million||$470.00 million||View||N/A|
|2/28/2014||Q413||$0.39||$0.44||$541.11 million||$537.90 million||View||N/A|
|11/5/2013||Q313||$0.42||$0.42||$513.78 million||$551.30 million||View||N/A|
|8/7/2013||Q2 2013||$0.29||$0.30||$451.20 million||$445.00 million||View||N/A|
|5/7/2013||Q1 2013||$0.18||$0.19||$352.60 million||$410.00 million||View||N/A|
|3/7/2013||Q4 2012||$0.30||$0.33||$402.81 million||$480.80 million||View||N/A|
|11/6/2012||Q312||$0.33||$0.34||$408.53 million||$431.80 million||View||N/A|
Earnings Estimates for Primoris Services Corp (NASDAQ:PRIM)
2017 EPS Consensus Estimate: $1.12
2018 EPS Consensus Estimate: $1.34
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Primoris Services Corp (NASDAQ:PRIM)
|Payout Ratio:||45.83% (Trailing 12 Months of Earnings) |
19.30% (Based on This Year's Estimates)
15.83% (Based on Next Year's Estimates)
Dividend History by Quarter for Primoris Services Corp (NASDAQ:PRIM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Primoris Services Corp (NASDAQ:PRIM)
Insider Ownership Percentage: 23.10%Insider Trades by Quarter for Primoris Services Corp (NASDAQ:PRIM)
Institutional Ownership Percentage: 72.83%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/14/2016||Stephen C Cook||Director||Sell||10,144||$24.00||$243,456.00|| |
|9/30/2014||Thomas E Tucker||Director||Sell||2,000||$27.19||$54,380.00|| |
|6/27/2014||Thomas E Tucker||Director||Sell||2,000||$29.06||$58,120.00|| |
|5/20/2014||Brian Pratt||CEO||Sell||745,000||$28.15||$20,971,750.00|| |
|3/21/2014||Michael Killgore||VP||Sell||8,480||$31.16||$264,236.80|| |
|3/18/2014||Eric Rosenfeld||Director||Sell||71,900||$31.04||$2,231,776.00|| |
|3/7/2014||Brian Pratt||CEO||Buy||3,864||$21.57||$83,346.48|| |
|3/7/2014||John Perisich||VP||Buy||2,512||$21.57||$54,183.84|| |
|3/7/2014||Peter Moerbeek||CFO||Buy||2,898||$21.57||$62,509.86|| |
|3/5/2014||Eric Rosenfeld||Director||Sell||21,840||$32.45||$708,708.00|| |
|12/5/2013||Thomas Tucker||Director||Sell||6,965||$21.27||$148,145.55|| |
|11/26/2013||Eric Rosenfeld||Director||Sell||3,122||$28.60||$89,289.20|| |
|9/6/2013||Michael D Killgore||VP||Sell||15,000||$23.85||$357,750.00|| |
|9/4/2013||Eric Rosenfeld||Director||Sell||9,474||$23.00||$217,902.00|| |
|8/26/2013||Eric Rosenfeld||Director||Sell||10,526||$23.13||$243,466.38|| |
|8/22/2013||Eric Rosenfeld||Director||Sell||80,000||$22.87||$1,829,600.00|| |
|6/28/2013||Eric Rosenfeld||Director||Sell||13,174||$19.96||$262,953.04|| |
|6/17/2013||Brian Pratt||CEO||Sell||824,400||$20.18||$16,636,392.00|| |
|5/24/2013||Michael D Killgore||VP||Sell||20,000||$21.41||$428,200.00|| |
|5/16/2013||Michael D Killgore||VP||Sell||20,000||$21.26||$425,200.00|| |
|3/13/2013||Perisich Family Trust Dated Ju||Insider||Buy||4,538||$11.02||$50,008.76|| |
|3/13/2013||Peter J Moerbeek||CFO||Buy||5,294||$11.02||$58,339.88|| |
|11/23/2012||Eric Rosenfeld||Director||Sell||20,348||$14.51||$295,249.48|| |
|11/13/2012||Thomas E Tucker||Director||Sell||9,000||$14.07||$126,630.00|| |
|9/14/2012||Brian Pratt||CEO||Sell||122,981||$13.14||$1,615,970.34|| |
Headline Trends for Primoris Services Corp (NASDAQ:PRIM)
Latest Headlines for Primoris Services Corp (NASDAQ:PRIM)
Primoris Services Corp (PRIM) Chart for Friday, May, 26, 2017