Primoris Services Corporation Company Profile (NASDAQ:PRIM)

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

Primoris Services Corporation declared a quarterly dividend on Wednesday, August 9th. Investors of record on Friday, September 29th will be given a dividend of $0.055 per share on Saturday, October 14th. This represents a $0.22 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, September 28th. View Primoris Services Corporation's Dividend History.

Primoris Services Corporation declared that its board has approved a share repurchase program on Friday, April 7th 2017, which allows the company to buyback $5,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 0.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Primoris Services Corporation (NASDAQ:PRIM) released its earnings results on Tuesday, August, 8th. The company reported $0.42 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.31 by $0.11. The company earned $631.20 million during the quarter, compared to analysts' expectations of $582.82 million. Primoris Services Corporation had a return on equity of 11.30% and a net margin of 2.09%. Primoris Services Corporation's quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. View Primoris Services Corporation's Earnings History.

Primoris Services Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 14th 2017. View Earnings Estimates for Primoris Services Corporation.

Primoris Services Corporation updated its FY17 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $1.05-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.15.

7 analysts have issued 1-year price objectives for Primoris Services Corporation's stock. Their forecasts range from $25.00 to $30.00. On average, they anticipate Primoris Services Corporation's share price to reach $26.67 in the next year. View Analyst Ratings for Primoris Services Corporation.

Here are some recent quotes from research analysts about Primoris Services Corporation stock:

• 1. According to Zacks Investment Research, "Primoris Services Corporation, through various subsidiaries, operates as one of the largest specialty contractors and infrastructure companies in the United States. The Company provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, and other customers. It operates through three segments: East Construction Services; West Construction Services; and Engineering. Primoris Services Corporation is headquartered in Dallas, Texas. " (8/11/2017)
• 2. Canaccord Genuity analysts commented, "We maintain our estimates slightly above the guided range for 2017, following a strong Q4 that delivered upside and record backlog. With a general broadening of positive trends, a strong outlook for large diameter pipeline and MSA work, and a better environment for Texas Heavy Civil, we believe Primoris remains well positioned to deliver upside to consensus estimates. Our price target remains $28. Investment highlights PRIM reported Q4/16 results of $601.9M in revenues and $0.28 in EPS. Revenues were ahead of our estimates and consensus of $534.4M and $536M, respectively, on higher-than-expected West segment contributions from the company’s two ongoing Rockford pipeline projects in Florida while reported EPS was in line with our prior estimate and below consensus of $0.31. The lower-than-expected EPS stemmed from a lower-than-anticipated gross margin and greater-than-expected Opex. PRIM reported a total backlog of $2.8B, of which $1.8B is expected to be converted to revenues this year. The total backlog increased 32% Y/Y." (2/24/2017)

Some companies that are related to Primoris Services Corporation include KBR (KBR), Granite Construction Incorporated (GVA), Balfour Beatty plc (BBY), Chicago Bridge & Iron Company N.V. (CBI), Tutor Perini Corporation (TPC), Galliford Try plc (GFRD), John Laing Group PLC (JLG), Kier Group plc (KIE), NCI Building Systems (NCS), Argan (AGX), Aegion Corp (AEGN), Morgan Sindall Group PLC (MGNS), Grana y Montero S.A.A. (GRAM), Keller Group plc (KLR), USD Partners LP (USDP), Renew Holdings Plc (RNWH), Carillion plc (CLLN) and Severfield PLC (SFR).

Primoris Services Corporation's management team includes the folowing people:

• Brian Pratt, Chairman of the Board
• David L. King, President, Chief Executive Officer, Director
• Peter J. Moerbeek, Chief Financial Officer, Executive Vice President, Director
• Thomas E. McCormick, Chief Operating Officer
• John M. Perisich, Executive Vice President, General Counsel
• Stephen C. Cook, Lead Independent Director
• Peter Cummins Brown, Independent Director
• John P. Schauerman, Independent Director
• Robert A. Tintsman, Independent Director
• Thomas E. Tucker, Independent Director

Primoris Services Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.17%), Van Berkom & Associates Inc. (4.61%), Dimensional Fund Advisors LP (4.17%), Macquarie Group Ltd. (3.72%), RE Advisers Corp (3.43%) and Lord Abbett & CO. LLC (2.63%). Company insiders that own Primoris Services Corporation stock include Brian Pratt and Stephen C Cook. View Institutional Ownership Trends for Primoris Services Corporation.

Primoris Services Corporation's stock was sold by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Eagle Asset Management Inc., Ameriprise Financial Inc., Russell Investments Group Ltd., First Trust Advisors LP, Hodges Capital Management Inc., Vanguard Group Inc. and Emerald Advisers Inc. PA. Company insiders that have sold Primoris Services Corporation stock in the last year include Brian Pratt and Stephen C Cook. View Insider Buying and Selling for Primoris Services Corporation.

Primoris Services Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., Bar Harbor Trust Services, Value Holdings Management CO. LLC, Goldman Sachs Group Inc., OxFORD Asset Management LLP, Susquehanna International Group LLP, Macquarie Group Ltd. and Dynamic Technology Lab Private Ltd. View Insider Buying and Selling for Primoris Services Corporation.

Shares of Primoris Services Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Primoris Services Corporation stock can currently be purchased for approximately $28.78.