Primoris Services (PRIM) Stock Price, News & Analysis

-0.37 (-0.81%)
(As of 04/24/2024 ET)
Today's Range
50-Day Range
52-Week Range
277,506 shs
Average Volume
476,320 shs
Market Capitalization
$2.41 billion
P/E Ratio
Dividend Yield
Price Target

Primoris Services MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
19.2% Upside
$53.67 Price Target
Short Interest
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.52mentions of Primoris Services in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$2.04 M Sold Last Quarter
Proj. Earnings Growth
From $2.61 to $3.21 Per Share

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.

3.27 out of 5 stars

Construction Sector

55th out of 99 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. The company operates through Utilities and Energy/Renewables segments. 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. It also offers pipeline construction and maintenance, and storage services; pipeline facility, and integrity services. Primoris Services Corporation was founded in 1960 and is headquartered in Dallas, Texas.

PRIM Stock Price History

PRIM Stock News Headlines

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Centuri Holdings Begins Carve Out IPO Process
PRIM Apr 2024 32.500 put
Q4 2023 Primoris Services Corp Earnings Call
Primoris Services Q4 2023 Earnings Preview
What Wall Street expects from Primoris Services's earnings
Earnings Preview: Primoris Services
PRIM Jun 2024 37.500 call
Primoris Services Corporation (PRIM)
See More Headlines
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Company Calendar

Last Earnings
Ex-Dividend for 4/15 Dividend
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

Water, sewer, & utility lines
Construction & Engineering
Current Symbol
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
3 Analysts


Net Income
$126.14 million
Pretax Margin


Sales & Book Value

Annual Sales
$5.72 billion
Cash Flow
$4.97 per share
Book Value
$23.17 per share


Free Float
Market Cap
$2.41 billion

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PRIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Primoris Services stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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?

3 brokerages have issued 12-month price targets for Primoris Services' shares. Their PRIM share price targets range from $43.00 to $63.00. On average, they anticipate the company's stock price to reach $53.67 in the next twelve months. This suggests a possible upside of 19.2% from the stock's current price.
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 beginning of the year. Since then, PRIM shares have increased by 35.6% and is now trading at $45.04.
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 Wednesday, May 8th 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 Thursday, May 9th 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 "1324356".

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) posted its earnings results on Monday, February, 26th. The construction company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.21. The construction company earned $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. Primoris Services had a trailing twelve-month return on equity of 13.20% and a net margin of 2.21%. The firm's revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $0.93 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 Wednesday, February 21st. Shareholders of record on Thursday, March 28th will be given a dividend of $0.06 per share on Monday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, March 27th.
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 0.55%. The dividend payout ratio is 10.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRIM will have a dividend payout ratio of 7.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRIM.

What guidance has Primoris Services issued on next quarter's earnings?

Primoris Services updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 3.050-3.250 for the period, compared to the consensus EPS estimate of 2.930. The company issued revenue guidance of -.

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

23 employees have rated Primoris Services Chief Executive Officer Brian Pratt on 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 retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.03%), PFG Investments LLC (0.01%) and Simplicity Wealth LLC (0.01%). 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, Thomas Edward Mccormick and Travis L Stricker.
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.
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This page (NASDAQ:PRIM) was last updated on 4/25/2024 by Staff

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