Primoris Services (PRIM) Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our PRIM earnings forecast.

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.

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.

ETFs with the largest weight of Primoris Services (NASDAQ:PRIM) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), First Trust Small Cap Value AlphaDEX Fund (FYT), iShares U.S. Infrastructure ETF (IFRA), WisdomTree Battery Value Chain and Innovation Fund (WBAT), First Trust Small Cap Core AlphaDEX Fund (FYX), Small Cap US Equity Select ETF (RNSC), Timothy Plan US Small Cap Core ETF (TPSC) and Global X U.S. Infrastructure Development ETF (PAVE).

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.

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.

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.

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).

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

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.
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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.
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One share of PRIM stock can currently be purchased for approximately $27.84.

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.

The company employs 12,802 workers across the globe.

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.