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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
66,000% upside on tiny biotech? (Ad)
What Should Investors Make of These 3 Dividend Cuts?
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
66,000% upside on tiny biotech? (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets
The single greatest medical breakthrough of all time? (Ad)
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
66,000% upside on tiny biotech? (Ad)
What Should Investors Make of These 3 Dividend Cuts?
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
66,000% upside on tiny biotech? (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets
The single greatest medical breakthrough of all time? (Ad)
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
66,000% upside on tiny biotech? (Ad)
What Should Investors Make of These 3 Dividend Cuts?
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
66,000% upside on tiny biotech? (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets
The single greatest medical breakthrough of all time? (Ad)
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
NASDAQ:PRIM

Primoris Services (PRIM) Stock Forecast, Price & News

$27.84
+0.86 (+3.19%)
(As of 06/2/2023 ET)
Compare
Today's Range
$27.25
$27.87
50-Day Range
$23.77
$27.84
52-Week Range
$15.90
$28.20
Volume
487,176 shs
Average Volume
280,101 shs
Market Capitalization
$1.48 billion
P/E Ratio
11.05
Dividend Yield
0.86%
Price Target
$30.75

Primoris Services MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
10.5% Upside
$30.75 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.18
Upright™ Environmental Score
News Sentiment
0.68mentions of Primoris Services in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$442,720 Sold Last Quarter
Proj. Earnings Growth
11.61%
From $2.67 to $2.98 Per Share

Overall MarketRank

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

2.51 out of 5 stars

Construction Sector

19th out of 105 stocks

Water, Sewer, & Utility Lines Industry

1st out of 5 stocks


PRIM stock logo

About Primoris Services (NASDAQ:PRIM) Stock

Primoris Services Corp. operates as a holding company, which engages in the provision of construction, fabrication, maintenance, replacement, and engineering services. It operates through the following segments: Utilities, Energy and Renewables, and Pipeline. The Utilities segment specializes in a range of services, including telecommunications and installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems. The Energy and Renewables segment is involved in engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services for entities in the renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. The Pipeline segment offers pipeline construction and maintenance, 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 wa

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PRIM Stock News Headlines

Goldman Sachs Keeps Their Buy Rating on Deere (DE)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Primoris Services Co. (PRIM) To Go Ex-Dividend on June 29th
Q1 2023 Primoris Services Corp Earnings Call
Goldman Sachs upgrades Primoris Services (PRIM) to a Hold
Primoris Services earnings: here's what Wall Street expects
Goldman Sachs Sticks to Their Sell Rating for Calamp (CAMP)
Goldman Sachs Keeps Their Buy Rating on GFL Environmental (GFL)
Waste Connections (WCN) Gets a Buy from Goldman Sachs
See More Headlines

PRIM Price History

PRIM Company Calendar

Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Last Earnings
5/09/2023
Today
6/03/2023
Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Next Earnings (Estimated)
8/14/2023
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
$30.75
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+10.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$133.02 million
Pretax Margin
3.34%

Debt

Sales & Book Value

Annual Sales
$4.42 billion
Cash Flow
$4.59 per share
Book Value
$20.82 per share

Miscellaneous

Free Float
52,537,000
Market Cap
$1.48 billion
Optionable
Optionable
Beta
1.23

Social Links


Key Executives

  • Thomas E. McCormick
    President, Chief Executive Officer & Director
  • John F. Moreno
    Chief Operating Officer & Executive Vice President
  • Kenneth M. Dodgen
    Chief Financial Officer & Executive Vice President
  • Chad Haxton
    Chief Information Officer
  • John M. Perisich
    Secretary, Chief Legal Officer & Executive VP













PRIM Stock - 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 "buy" PRIM shares.
View PRIM analyst ratings
or view top-rated stocks.

What is Primoris Services' stock price forecast for 2023?

2 analysts have issued 1-year target prices for Primoris Services' shares. Their PRIM share price forecasts range from $27.00 to $34.00. On average, they expect the company's share price to reach $30.75 in the next year. This suggests a possible upside of 10.5% 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 2023?

Primoris Services' stock was trading at $21.94 on January 1st, 2023. Since then, PRIM shares have increased by 26.9% and is now trading at $27.84.
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, August 14th 2023.
View our PRIM earnings forecast
.

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) announced its quarterly earnings data on Tuesday, May, 9th. The construction company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.26. The construction company earned $1.26 billion during the quarter, compared to the consensus estimate of $1.07 billion. Primoris Services had a net margin of 2.78% and a trailing twelve-month return on equity of 13.57%. The company's quarterly revenue was up 60.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 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, May 10th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.06 per share on Friday, July 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, June 29th.
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 0.90%. The dividend payout ratio is 9.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRIM will have a dividend payout ratio of 8.05% 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 FY23 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $2.50-2.70 for the period, compared to the consensus EPS estimate of $2.62.

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."

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.37%), Wellington Management Group LLP (7.12%), Dimensional Fund Advisors LP (6.01%), Franklin Resources Inc. (4.44%), FMR LLC (3.26%) and GW&K Investment Management LLC (3.04%). Insiders that own company stock include David Lee King, John F Moreno Jr, John P Schauerman, Stephen C Cook, Terry D Mccallister and Thomas E Tucker.
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 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 $27.84.

How much money does Primoris Services make?

Primoris Services (NASDAQ:PRIM) has a market capitalization of $1.48 billion and generates $4.42 billion in revenue each year. The construction company earns $133.02 million in net income (profit) each year or $2.52 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 6/3/2023 by MarketBeat.com Staff

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