NASDAQ:PRIM - Primoris Services Stock Price, Price Target & More

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

Primoris Services declared a quarterly dividend on Wednesday, May 9th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.06 per share on Friday, July 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, June 28th. View Primoris Services' Dividend History.

Primoris Services announced that its board has authorized a stock repurchase program on Friday, April 7th 2017, which allows the company to repurchase $5,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 0.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Primoris Services Corp (NASDAQ:PRIM) announced its quarterly earnings data on Tuesday, May, 8th. The construction company reported $0.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.01. The construction company had revenue of $504.10 million for the quarter, compared to analysts' expectations of $485.10 million. Primoris Services had a return on equity of 9.50% and a net margin of 2.81%. The business's revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. View Primoris Services' Earnings History.

Primoris Services is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for Primoris Services.

Primoris Services issued an update on its FY18 earnings guidance on Tuesday, May, 8th. The company provided earnings per share (EPS) guidance of $1.50-$1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.60.

6 analysts have issued 1-year price targets for Primoris Services' stock. Their predictions range from $28.00 to $34.00. On average, they expect Primoris Services' share price to reach $31.50 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price. View Analyst Ratings for Primoris Services.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Primoris Services include MasTec (MTZ), Dycom Industries (DY), Aegion (AEGN), MYR Group (MYRG) and Preformed Line Products (PLPC).

Media coverage about PRIM stock has been trending positive on Monday, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Primoris Services earned a news sentiment score of 0.35 on Accern's scale. They also gave news stories about the construction company an impact score of 45.33 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Primoris Services' stock is owned by many different of institutional and retail investors. Top institutional shareholders include VAN BERKOM & ASSOCIATES INC. (5.27%), Bank of Montreal Can (0.08%) and James Investment Research Inc. (0.03%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John M Perisich, John P Schauerman, Peter J Moerbeek, Stephen C Cook and Thomas Edward Mccormick. View Institutional Ownership Trends for Primoris Services.

PRIM stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc. and Bank of Montreal Can. Company insiders that have sold Primoris Services company stock in the last year include Brian Pratt, David Lee King, John M Perisich, John P Schauerman, Peter J Moerbeek and Stephen C Cook. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of PRIM stock can currently be purchased for approximately $28.04.

Primoris Services has a market capitalization of $1.44 billion and generates $2.38 billion in revenue each year. The construction company earns $72.35 million in net income (profit) each year or $1.15 on an earnings per share basis. Primoris Services employs 7,102 workers across the globe.

Primoris Services' mailing address is 2100 MCKINNEY AVENUE SUITE 1500, DALLAS TX, 75201. The construction company can be reached via phone at 214-740-5600 or via email at [email protected]