S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
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Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
NASDAQ:PRIM

Primoris Services (PRIM) Stock Price, News & Analysis

$39.64
+0.13 (+0.33%)
(As of 03/1/2024 ET)
Today's Range
$39.08
$39.90
50-Day Range
$31.11
$40.58
52-Week Range
$22.90
$41.11
Volume
379,215 shs
Average Volume
482,236 shs
Market Capitalization
$2.12 billion
P/E Ratio
17.09
Dividend Yield
0.61%
Price Target
$39.00

Primoris Services MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.6% Downside
$39.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.54
Upright™ Environmental Score
News Sentiment
0.79mentions of Primoris Services in the last 14 days
Based on 32 Articles This Week
Insider Trading
Selling Shares
$1.75 M Sold Last Quarter
Proj. Earnings Growth
22.99%
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.

3.12 out of 5 stars

Construction Sector

47th out of 94 stocks

Water, Sewer, & Utility Lines Industry

2nd out of 3 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. 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 Stock Price History

PRIM Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q4 2023 Primoris Services Corp Earnings Call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
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)
Primoris Services Corporation
Primoris Services Gets $1.1B in Energy Project Awards
Dinova Celebrates Expansion of Business Dining Program
PRIM Primoris Services Corporation
See More Headlines
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Company Calendar

Ex-Dividend for 1/12 Dividend
12/28/2023
Dividend Payable
1/12/2024
Last Earnings
2/26/2024
Today
3/01/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

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 Target
$39.00
High Stock Price Target
$45.00
Low Stock Price Target
$34.00
Potential Upside/Downside
-1.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$133.02 million
Pretax Margin
3.11%

Debt

Sales & Book Value

Annual Sales
$5.72 billion
Cash Flow
$4.92 per share
Book Value
$23.13 per share

Miscellaneous

Free Float
52,613,000
Market Cap
$2.12 billion
Optionable
Optionable
Beta
1.16

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Key Executives

  • Mr. Thomas E. McCormick (Age 62)
    CEO, President & Director
    Comp: $2.11M
  • Mr. Kenneth M. Dodgen CPA (Age 58)
    Executive VP & CFO
    Comp: $1.2M
  • Mr. John M. Perisich (Age 59)
    Executive VP, Chief Legal Officer & Secretary
    Comp: $1.21M
  • Mr. Travis L. Stricker (Age 53)
    Chief Accounting Officer & Senior VP of Finance
  • Mr. Chad Haxton
    Chief Information Officer
  • Blake Holcomb
    Vice President of Investor Relations
  • Ms. Rhonda Anderson
    Chief Human Resources Officer














PRIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Primoris Services stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 target for 2024?

2 brokers have issued 1-year target prices for Primoris Services' shares. Their PRIM share price targets range from $34.00 to $45.00. On average, they expect the company's share price to reach $39.00 in the next year. This suggests that the stock has a possible downside of 1.6%.
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 2024. Since then, PRIM stock has increased by 19.4% and is now trading at $39.64.
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 Tuesday, May 14th 2024.
View our PRIM earnings forecast
.

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) posted its quarterly earnings results on Monday, February, 26th. The construction company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.21. The construction company had revenue of $1.52 billion for the quarter, compared to analyst estimates 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 business's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS.

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 dividend on an annualized basis and a dividend yield of 0.61%. 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 0.64%. 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 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 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).

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.79%), Dimensional Fund Advisors LP (6.74%), Franklin Resources Inc. (4.60%), GW&K Investment Management LLC (2.43%), Schroder Investment Management Group (1.88%) and Charles Schwab Investment Management Inc. (1.65%). 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 and Thomas Edward Mccormick.
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.
Read More
This page (NASDAQ:PRIM) was last updated on 3/2/2024 by MarketBeat.com Staff