S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Laser breakthrough could send stock soaring 2,467% (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
California Gov. Gavin Newsom rejects bill that would have given unemployment checks to some striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Laser breakthrough could send stock soaring 2,467% (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
California Gov. Gavin Newsom rejects bill that would have given unemployment checks to some striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Laser breakthrough could send stock soaring 2,467% (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
California Gov. Gavin Newsom rejects bill that would have given unemployment checks to some striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Laser breakthrough could send stock soaring 2,467% (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
California Gov. Gavin Newsom rejects bill that would have given unemployment checks to some striking workers
NASDAQ:PRIM

Primoris Services (PRIM) Stock Forecast, Price & News

$32.73
-0.19 (-0.58%)
(As of 09/29/2023 ET)
Compare
Today's Range
$32.63
$33.49
50-Day Range
$30.72
$35.88
52-Week Range
$16.24
$36.19
Volume
421,963 shs
Average Volume
315,201 shs
Market Capitalization
$1.75 billion
P/E Ratio
14.17
Dividend Yield
0.73%
Price Target
$32.25

Primoris Services MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
1.5% Downside
$32.25 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.90
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$1.47 M Sold Last Quarter
Proj. Earnings Growth
4.07%
From $2.70 to $2.81 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.79 out of 5 stars

Construction Sector

86th out of 101 stocks

Water, Sewer, & Utility Lines Industry

5th out of 5 stocks


PRIM stock logo

About Primoris Services (NASDAQ:PRIM) Stock

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 Price History

PRIM Stock News Headlines

This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Q2 2023 Primoris Services Corp Earnings Call
Primoris Services Receives Solar Projects Worth About $770 Mln
Primoris Services (PRIM) Upgraded to Buy: Here's Why
See More Headlines
Receive PRIM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Primoris Services and its competitors with MarketBeat's FREE daily newsletter.

PRIM Company Calendar

Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Last Earnings
8/07/2023
Ex-Dividend for 10/13 Dividend
9/28/2023
Today
9/30/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
11/06/2023
Fiscal Year End
12/31/2023

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 Forecast
$32.25
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
-1.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$133.02 million
Pretax Margin
2.94%

Debt

Sales & Book Value

Annual Sales
$4.42 billion
Cash Flow
$4.40 per share
Book Value
$20.88 per share

Miscellaneous

Free Float
52,582,000
Market Cap
$1.75 billion
Optionable
Optionable
Beta
1.26

Social Links

7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Key Executives

  • Mr. Thomas E. McCormick (Age 61)
    CEO, Pres & Director
    Comp: $2.11M
  • Mr. Kenneth M. Dodgen CPA (Age 57)
    Exec. VP & CFO
    Comp: $1.2M
  • Mr. John M. Perisich (Age 58)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $1.21M
  • Mr. Travis L. Stricker (Age 52)
    Chief Accounting Officer & Sr. VP of Fin.
  • Mr. Chad Haxton
    Chief Information Officer
  • Blake Holcomb
    VP of Investor Relations
  • Ms. Rhonda Anderson
    Chief HR Officer













PRIM Stock - Frequently Asked Questions

Should I buy or sell Primoris Services stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 1 hold rating and 2 buy ratings 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 forecast for 2023?

3 equities research analysts have issued 12-month price targets for Primoris Services' shares. Their PRIM share price forecasts range from $27.00 to $40.00. On average, they anticipate the company's share price to reach $32.25 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts price targets for PRIM
or view top-rated stocks among Wall Street analysts.

How have PRIM shares performed in 2023?

Primoris Services' stock was trading at $21.94 at the beginning of the year. Since then, PRIM stock has increased by 49.2% and is now trading at $32.73.
View the best growth stocks for 2023 here
.

When is Primoris Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our PRIM earnings forecast
.

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) released its earnings results on Monday, August, 7th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.30. The construction company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.35 billion. Primoris Services had a net margin of 2.36% and a trailing twelve-month return on equity of 14.77%. The firm's quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 EPS.

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

Primoris Services declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Friday, September 29th will be given a dividend of $0.06 per share on Friday, October 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 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 0.73%. The dividend payout ratio is 10.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRIM will have a dividend payout ratio of 8.54% 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 issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $2.60-$2.80 for the period, compared to the consensus EPS estimate of $2.32. 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 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).

What is Primoris Services' stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Primoris Services' stock price today?

One share of PRIM stock can currently be purchased for approximately $32.73.

How much money does Primoris Services make?

Primoris Services (NASDAQ:PRIM) has a market capitalization of $1.75 billion and generates $4.42 billion in revenue each year. The construction company earns $133.02 million in net income (profit) each year or $2.31 on an earnings per share basis.

How many employees does Primoris Services have?

The company employs 12,802 workers across the globe.

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
How can I contact Primoris Services?

Primoris Services' mailing address is 2300 N. Field Street Suite1900, Dallas TX, 75201. The official website for the company is www.prim.com. The construction company can be reached via phone at (214) 740-5600 or via email at ktholking@prim.com.

This page (NASDAQ:PRIM) was last updated on 10/1/2023 by MarketBeat.com Staff

My Account -