NASDAQ:PRIM - Primoris Services Stock Price, News, & Analysis

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$25.28 +0.18 (+0.72 %)
(As of 09/24/2018 04:00 PM ET)
Previous Close$25.10
Today's Range$24.80 - $25.30
52-Week Range$23.61 - $29.90
Volume227,400 shs
Average Volume258,405 shs
Market Capitalization$1.29 billion
P/E Ratio21.98
Dividend Yield0.96%
Beta1.18
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 Ratio0.61
Current Ratio1.55
Quick Ratio1.55

Price-To-Earnings

Trailing P/E Ratio21.98
Forward P/E Ratio15.51
P/E Growth1.54

Sales & Book Value

Annual Sales$2.38 billion
Price / Sales0.55
Cash Flow$2.4663 per share
Price / Cash10.25
Book Value$10.93 per share
Price / Book2.31

Profitability

EPS (Most Recent Fiscal Year)$1.15
Net Income$72.35 million
Net Margins2.37%
Return on Equity8.23%
Return on Assets3.46%

Miscellaneous

Employees7,102
Outstanding Shares51,540,000
Market Cap$1.29 billion

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, August 8th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.06 per share on Monday, October 15th. This represents a $0.24 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, September 27th. View Primoris Services' Dividend History.

How will Primoris Services' stock buyback program work?

Primoris Services announced that its board has initiated a share buyback plan on Friday, April 7th 2017, which permits the company to buyback $5,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 0.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its stock is undervalued.

How were Primoris Services' earnings last quarter?

Primoris Services Corp (NASDAQ:PRIM) announced its earnings results on Tuesday, August, 7th. The construction company reported $0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.31. The construction company had revenue of $648.79 million for the quarter, compared to analyst estimates of $593.65 million. Primoris Services had a net margin of 2.37% and a return on equity of 8.23%. View Primoris Services' Earnings History.

When is Primoris Services' next earnings date?

Primoris Services is scheduled to release their next quarterly earnings announcement on Monday, November, 5th 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, August, 7th. The company provided EPS guidance of $1.50-$1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.65.

What price target have analysts set for PRIM?

5 analysts have issued twelve-month price targets for Primoris Services' shares. Their forecasts range from $28.00 to $34.00. On average, they anticipate Primoris Services' share price to reach $31.50 in the next twelve months. This suggests a possible upside of 24.6% from the stock's current price. View Analyst Price Targets for Primoris Services.

What is the consensus analysts' recommendation for Primoris Services?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Primoris Services.

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)

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Van Berkom & Associates Inc. (5.31%), BlackRock Inc. (5.14%), Dimensional Fund Advisors LP (4.58%), Northern Trust Corp (1.27%), Renaissance Technologies LLC (1.01%) and Segall Bryant & Hamill LLC (0.99%). 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 major investors are selling Primoris Services stock?

PRIM stock was sold by a variety of institutional investors in the last quarter, including Schwab Charles Investment Management Inc., Citadel Advisors LLC, BlueMountain Capital Management LLC, Anchor Capital Advisors LLC, Renaissance Technologies LLC, Cubist Systematic Strategies LLC, James Investment Research Inc. and Systematic Financial Management LP. 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.

Which major investors are buying Primoris Services stock?

PRIM stock was purchased by a variety of institutional investors in the last quarter, including Segall Bryant & Hamill LLC, Hillcrest Asset Management LLC, BlackRock Inc., Bank of America Corp DE, Dean Investment Associates LLC, Northern Trust Corp, Dean Capital Management and Dimensional Fund Advisors LP. Company insiders that have bought Primoris Services stock in the last two years include David Lee King, Peter J Moerbeek and Thomas Edward Mccormick. 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 $25.28.

How big of a company is Primoris Services?

Primoris Services has a market capitalization of $1.29 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.

What is Primoris Services' official website?

The official website for Primoris Services is http://www.primoriscorp.com.

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:  218 (Vote Outperform)
Underperform Votes:  291 (Vote Underperform)
Total Votes:  509
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 9/24/2018 by MarketBeat.com Staff

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