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NASDAQ:PRIMPrimoris Services Stock Price, Forecast & News

$16.21
+0.13 (+0.81 %)
(As of 07/13/2020 04:00 PM ET)
Add
Compare
Today's Range
$15.77
Now: $16.21
$16.54
50-Day Range
$14.94
MA: $16.83
$18.83
52-Week Range
$9.42
Now: $16.21
$23.73
Volume209,345 shs
Average Volume249,654 shs
Market Capitalization$782.29 million
P/E Ratio10.81
Dividend Yield1.49%
Beta1.12
Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through five segments: Power, Industrial, and Engineering; Pipeline and Underground; Utilities and Distribution; Transmission and Distribution; and Civil. The Power, Industrial, and Engineering segment offer a range of services, such as engineering, procurement, and construction project delivery, turnkey construction, retrofit, upgrade, repair, outage, and maintenance for entities in the petroleum, petrochemical, water, and other industries. The Pipeline and Underground segment provides a range of services comprising pipeline construction, pipeline maintenance, pipeline facility work, compressor station, pump station, metering facility, and other pipeline related services for entities in the petroleum and petrochemical industries. The Utilities and Distribution segment offers utility line installation and maintenance, gas and electric distribution, streetlight construction, substation work, and fiber optic cable installation services. The Transmission and Distribution segment provides services in electric and gas transmission and distribution that include comprehensive engineering, procurement, maintenance and construction, repair, and restoration of utility infrastructure. 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 and private 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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Primoris Services logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars


Industry, Sector and Symbol

Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
Current SymbolNASDAQ:PRIM
CUSIP74164F10
Phone214-740-5600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.11 billion
Cash Flow$3.31 per share
Book Value$12.35 per share

Profitability

Net Income$82.33 million

Miscellaneous

Employees9,700
Market Cap$782.29 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Primoris Services (NASDAQ:PRIM) Frequently Asked Questions

How has Primoris Services' stock been impacted by COVID-19 (Coronavirus)?

Primoris Services' stock was trading at $15.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PRIM shares have increased by 6.2% and is now trading at $16.21. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Primoris Services?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Primoris Services.

When is Primoris Services' next earnings date?

Primoris Services is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Primoris Services.

How were Primoris Services' earnings last quarter?

Primoris Services Corp (NASDAQ:PRIM) announced its earnings results on Tuesday, May, 5th. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.01) by $0.07. The construction company had revenue of $743.20 million for the quarter, compared to analyst estimates of $657.80 million. Primoris Services had a net margin of 2.40% and a return on equity of 12.79%. The firm's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 earnings per share. View Primoris Services' earnings history.

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

Primoris Services declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.06 per share on Wednesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, June 29th. View Primoris Services' dividend history.

What price target have analysts set for PRIM?

3 equities research analysts have issued 1 year price targets for Primoris Services' shares. Their forecasts range from $16.00 to $16.00. On average, they anticipate Primoris Services' stock price to reach $16.00 in the next year. This suggests that the stock has a possible downside of 1.3%. View analysts' price targets for Primoris Services.

Has Primoris Services been receiving favorable news coverage?

Media coverage about PRIM stock has been trending very negative on Monday, according to InfoTrie. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Primoris Services earned a coverage optimism score of -3.2 on InfoTrie's scale. They also assigned news headlines about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Primoris Services.

Are investors shorting Primoris Services?

Primoris Services saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 363,100 shares, an increase of 5.6% from the June 15th total of 343,900 shares. Based on an average daily volume of 278,300 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.8% of the shares of the company are sold short. View Primoris Services' Current Options Chain.

Who are some of Primoris Services' key competitors?

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 Wireless (IDCC), Bank of Hawaii (BOH), Stag Industrial (STAG), PepsiCo (PEP), Verizon Communications (VZ), Harley-Davidson (HOG), IBM (IBM), Marathon Petroleum (MPC), Southern (SO) and Banc of California (BANC).

Who are Primoris Services' key executives?

Primoris Services' management team includes the following people:
  • Mr. David L. King, CEO & Exec. Chairman (Age 67)
  • Mr. Thomas E. McCormick, Pres (Age 57)
  • Mr. Kenneth M. Dodgen, Exec. VP & CFO (Age 53)
  • Mr. John M. Perisich, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Mr. Brian Pratt, Director & Sr. Strategic Advisor (Age 67)

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 many different retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.06%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John P Schauerman, Kenneth Morris Dodgen, 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 Envestnet Asset Management Inc.. Company insiders that have sold Primoris Services company stock in the last year include Brian Pratt, David Lee King, John P Schauerman, Stephen C Cook, and Thomas Edward Mccormick. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Primoris Services' stock price today?

One share of PRIM stock can currently be purchased for approximately $16.21.

How big of a company is Primoris Services?

Primoris Services has a market capitalization of $782.29 million and generates $3.11 billion in revenue each year. The construction company earns $82.33 million in net income (profit) each year or $1.61 on an earnings per share basis. Primoris Services employs 9,700 workers across the globe.

What is Primoris Services' official website?

The official website for Primoris Services is www.primoriscorp.com.

How can I contact Primoris Services?

Primoris Services' mailing address is 2300 N. Field Street Suite1900, Dallas TX, 75201. The construction company can be reached via phone at 214-740-5600 or via email at [email protected]

This page was last updated on 7/13/2020 by MarketBeat.com Staff

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