About Primoris Services (NASDAQ:PRIM)
Primoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. The Company provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation and other customers. It operates in three segments: the West Construction Services segment (West segment), the East Construction Services segment (East segment) and the Energy segment. The Company installs, replaces, repairs and rehabilitates natural gas, refined product, water and wastewater pipeline systems; large diameter gas and liquid pipeline facilities, and heavy civil projects, earthwork and site development.
Industry, Sector and Symbol
Industry CONSTRUCT/BLDG SERV
Sub-IndustryConstruction & Engineering
Trailing P/E Ratio19.0497804948971
Forward P/E Ratio16.79
Sales & Book Value
Annual Sales$2.38 billion
Price / Sales0.58
Cash Flow$2.45 per share
Price / Cash10.97
Book Value$10.93 per share
Price / Book2.46
Net Income$72.35 million
Return on Equity11.11%
Return on Assets4.85%
Primoris Services (NASDAQ:PRIM) Frequently Asked Questions
What is Primoris Services' stock symbol?
Primoris Services trades on the NASDAQ under the ticker symbol "PRIM."
How often does Primoris Services pay dividends? What is the dividend yield for Primoris Services?
Primoris Services declared a quarterly dividend on Monday, February 26th. Investors of record on Friday, March 30th will be paid a dividend of $0.06 per share on Friday, April 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, March 28th. View Primoris Services' Dividend History.
How will Primoris Services' stock buyback program work?
Primoris Services announced that its board has initiated 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.
How were Primoris Services' earnings last quarter?
Primoris Services Corp (NASDAQ:PRIM) issued its earnings results on Tuesday, February, 27th. The construction company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The construction company earned $579.02 million during the quarter, compared to analyst estimates of $558.67 million. Primoris Services had a return on equity of 11.11% and a net margin of 3.04%. The company's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS. View Primoris Services' Earnings History.
When will Primoris Services make its next earnings announcement?
Where is Primoris Services' stock going? Where will Primoris Services' stock price be in 2018?
6 brokers have issued 12-month price targets for Primoris Services' stock. Their predictions range from $28.00 to $32.00. On average, they anticipate Primoris Services' stock price to reach $30.00 in the next year. View Analyst Ratings for Primoris Services.
What are Wall Street analysts saying about Primoris Services stock?
Here are some recent quotes from research analysts about Primoris Services 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. " (3/2/2018)
- 2. Canaccord Genuity analysts commented, "We believe NTM EPS implies conservative expectations on ACP in terms of timing and scope. In our view, ACP could ultimately drive upside to our estimates, with a catalyst as early as the next earnings call. Meanwhile, PRIM’s other businesses are seeing better fundamentals, and headwinds from challenged Texas heavy Civil projects are abating, which should contribute to a better margin profile. We slightly increased our estimates for 2018, and reiterate a $30 price target." (11/7/2017)
Who are some of Primoris Services' key competitors?
Some companies that are related to Primoris Services include Taylor Morrison Home (TMHC), Loma Negra (LOMA), TRI Pointe Group (TPH), KB Home (KBH), Granite Construction (GVA), KBR (KBR), ABM Industries (ABM), Altair Engineering (ALTR), Jiangsu Expressway (JEXYY), Meritage Homes (MTH), Chicago Bridge & Iron (CBI), M.D.C. (MDC), Cavco Industries (CVCO), SENIOR (SNIRF), Winnebago Industries (WGO), FENNER (FNERF), Tutor Perini (TPC) and William Lyon Homes (WLH).
Who are Primoris Services' key executives?
Primoris Services' management team includes the folowing people:
- Brian Pratt, Chairman of the Board (Age 65)
- David L. King, President, Chief Executive Officer, Director (Age 64)
- Peter J. Moerbeek, Chief Financial Officer, Executive Vice President, Director (Age 69)
- Thomas E. McCormick, Chief Operating Officer (Age 54)
- John M. Perisich, Executive Vice President, General Counsel (Age 52)
- Stephen C. Cook, Lead Independent Director (Age 67)
- Peter Cummins Brown, Independent Director (Age 73)
- John P. Schauerman, Independent Director (Age 60)
- Robert A. Tintsman, Independent Director (Age 70)
- Thomas E. Tucker, Independent Director (Age 74)
Has Primoris Services been receiving favorable news coverage?
Headlines about PRIM stock have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Primoris Services earned a media sentiment score of 0.07 on Accern's scale. They also assigned news headlines about the construction company an impact score of 46.27 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Primoris Services' major shareholders?
Primoris Services' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.90%), Barrow Hanley Mewhinney & Strauss LLC (4.74%), Macquarie Group Ltd. (3.23%), GW&K Investment Management LLC (1.76%), Millennium Management LLC (1.62%) and Goldman Sachs Group Inc. (0.97%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John P Schauerman, Peter J Moerbeek, 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 Hodges Capital Management Inc., Emerald Advisers Inc. PA, GW&K Investment Management LLC, Bogle Investment Management L P DE, Millennium Management LLC, Barrow Hanley Mewhinney & Strauss LLC, Macquarie Group Ltd. and Eagle 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, Peter J Moerbeek and Stephen C Cook. View Insider Buying and Selling for Primoris Services.
Which major investors are buying Primoris Services stock?
PRIM stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Mackenzie Financial Corp, BlackRock Inc., QS Investors LLC, First Trust Advisors LP, Schwab Charles Investment Management Inc., James Investment Research Inc. and Bank of New York Mellon Corp. Company insiders that have bought Primoris Services stock in the last two years include David Lee King, Peter J Moerbeek and Thomas Edward Mccormick. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Primoris Services' stock price today?
One share of PRIM stock can currently be purchased for approximately $26.86.
How big of a company is Primoris Services?
Primoris Services has a market capitalization of $1.38 billion and generates $2.38 billion in revenue each year. The construction company earns $72.35 million in net income (profit) each year or $1.41 on an earnings per share basis. Primoris Services employs 7,102 workers across the globe.
How can I contact Primoris Services?
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]
MarketBeat Community Rating for Primoris Services (PRIM)MarketBeat's community ratings are surveys of what our community members think about Primoris Services and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Primoris Services (NASDAQ:PRIM) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Hold||Hold|
|Consensus Rating Score: ||2.67||2.50||2.40||2.29|
|Ratings Breakdown: ||0 Sell Rating(s)|
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$30.00||$31.00||$31.00||$26.67|
|Price Target Upside: ||11.69% upside||10.87% upside||10.87% upside||7.34% downside|
Primoris Services (NASDAQ:PRIM) Consensus Price Target History
Primoris Services (NASDAQ:PRIM) Analyst Ratings History
(Data available from 3/18/2016 forward)
Primoris Services (NASDAQ:PRIM) Earnings History and Estimates Chart
Primoris Services (NASDAQ PRIM) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/27/2018||Q4 2017||$0.23||$0.25||$558.67 million||$579.02 million||View||N/A|
|11/6/2017||Q3 2017||$0.31||$0.40||$588.19 million||$608.31 million||View||N/A|
|8/8/2017||Q2 2017||$0.31||$0.42||$582.82 million||$631.20 million||View||Listen|
|5/9/2017||Q1 2017||$0.14||$0.15||$517.50 million||$561.50 million||View||Listen|
|2/28/2017||Q416||$0.31||$0.28||$542.42 million||$601.90 million||View||Listen|
|11/8/2016||Q316||$0.25||$0.09||$536.07 million||$507.80 million||View||Listen|
|8/4/2016||Q216||$0.22||$0.10||$516.76 million||$456.81 million||View||N/A|
|5/5/2016||Q116||$0.06||$0.05||$423.00 million||$430.40 million||View||N/A|
|2/25/2016||Q415||$0.30||$0.24||$527.72 million||$497.10 million||View||Listen|
|11/5/2015||Q315||$0.37||$0.37||$599.28 million||$555.90 million||View||Listen|
|8/6/2015||Q215||$0.19||$0.07||$494.81 million||$483.50 million||View||Listen|
|5/5/2015||Q115||$0.13||$0.03||$434.40 million||$392.80 million||View||Listen|
|3/3/2015||Q414||$0.49||$0.17||$622.96 million||$487.60 million||View||Listen|
|11/6/2014||Q314||$0.49||$0.53||$599.03 million||$613.20 million||View||Listen|
|8/7/2014||Q214||$0.31||$0.31||$503.10 million||$515.00 million||View||N/A|
|5/6/2014||Q114||$0.20||$0.21||$460.95 million||$470.00 million||View||N/A|
|2/28/2014||Q413||$0.39||$0.44||$541.11 million||$537.90 million||View||N/A|
|11/5/2013||Q313||$0.42||$0.42||$513.78 million||$551.30 million||View||N/A|
|8/7/2013||Q2 2013||$0.29||$0.30||$451.20 million||$445.00 million||View||N/A|
|5/7/2013||Q1 2013||$0.18||$0.19||$352.60 million||$410.00 million||View||N/A|
|3/7/2013||Q4 2012||$0.30||$0.33||$402.81 million||$480.80 million||View||N/A|
|11/6/2012||Q312||$0.33||$0.34||$408.53 million||$431.80 million||View||N/A|
Primoris Services (NASDAQ:PRIM) Earnings Estimates
2018 EPS Consensus Estimate: $1.52
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Primoris Services (NASDAQ:PRIM) Dividend Information
|Payout Ratio:||17.02% (Trailing 12 Months of Earnings) |
15.00% (Based on This Year's Estimates)
13.19% (Based on Next Year's Estimates)
Primoris Services (NASDAQ:PRIM) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Primoris Services (NASDAQ PRIM) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 24.00%
Institutional Ownership Percentage: 71.76%
Primoris Services (NASDAQ PRIM) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/9/2018||Brian Pratt||Director||Sell||181,638||$26.02||$4,726,220.76||8,036,941|| |
|3/7/2018||Brian Pratt||Director||Sell||286,664||$26.15||$7,496,263.60||8,470,378|| |
|3/5/2018||Brian Pratt||Director||Sell||54,373||$26.01||$1,414,241.73||8,470,378|| |
|2/26/2018||David Lee King||CEO||Buy||7,866||$20.87||$164,163.42||14,108|| |
|2/26/2018||Peter J Moerbeek||CFO||Buy||3,195||$20.87||$66,679.65||28,863|| |
|2/26/2018||Thomas Edward Mccormick||COO||Buy||5,266||$20.87||$109,901.42||9,045|| |
|12/22/2017||John P Schauerman||Director||Sell||50,000||$28.00||$1,400,000.00|| |
|12/20/2017||Stephen C Cook||Director||Sell||3,980||$27.82||$110,723.60||10,502|| |
|12/1/2017||David Lee King||CEO||Sell||9,077||$27.43||$248,982.11||6,242|| |
|9/25/2017||Peter J Moerbeek||CFO||Sell||19,778||$28.99||$573,364.22||43,346|| |
|9/21/2017||Brian Pratt||Director||Sell||225,000||$28.56||$6,426,000.00||8,659,574|| |
|9/20/2017||Brian Pratt||Director||Sell||88,500||$28.67||$2,537,295.00||8,659,574|| |
|9/18/2017||John P Schauerman||Director||Sell||29,456||$28.76||$847,154.56|| |
|9/15/2017||Brian Pratt||Director||Sell||255,386||$28.62||$7,309,147.32||8,863,164|| |
|9/13/2017||Brian Pratt||Director||Sell||146,882||$28.59||$4,199,356.38||9,332,324|| |
|9/12/2017||Brian Pratt||Director||Sell||181,982||$28.35||$5,159,189.70||9,332,324|| |
|9/11/2017||Brian Pratt||Director||Sell||108,062||$28.07||$3,033,300.34||9,332,324|| |
|9/8/2017||Brian Pratt||Director||Sell||311,933||$28.08||$8,759,078.64||9,646,585|| |
|9/7/2017||Brian Pratt||Director||Sell||105,099||$28.00||$2,942,772.00||9,646,585|| |
|9/6/2017||Brian Pratt||Director||Sell||105,734||$28.20||$2,981,698.80||9,646,585|| |
|12/14/2016||Stephen C Cook||Director||Sell||10,144||$24.00||$243,456.00||10,610|| |
|9/30/2014||Thomas E Tucker||Director||Sell||2,000||$27.19||$54,380.00|| |
|6/27/2014||Thomas E Tucker||Director||Sell||2,000||$29.06||$58,120.00|| |
|5/20/2014||Brian Pratt||CEO||Sell||745,000||$28.15||$20,971,750.00||11,191,018|| |
|3/21/2014||Michael Killgore||VP||Sell||8,480||$31.16||$264,236.80||310,169|| |
|3/18/2014||Eric Rosenfeld||Director||Sell||71,900||$31.04||$2,231,776.00||43,083|| |
|3/7/2014||Brian Pratt||CEO||Buy||3,864||$21.57||$83,346.48||11,936,018|| |
|3/7/2014||John Perisich||VP||Buy||2,512||$21.57||$54,183.84|| |
|3/7/2014||Peter Moerbeek||CFO||Buy||2,898||$21.57||$62,509.86|| |
|3/5/2014||Eric Rosenfeld||Director||Sell||21,840||$32.45||$708,708.00||125,983|| |
|12/5/2013||Thomas Tucker||Director||Sell||6,965||$21.27||$148,145.55||9,818|| |
|11/26/2013||Eric Rosenfeld||Director||Sell||3,122||$28.60||$89,289.20||149,708|| |
|9/6/2013||Michael D Killgore||VP||Sell||15,000||$23.85||$357,750.00|| |
|9/4/2013||Eric Rosenfeld||Director||Sell||9,474||$23.00||$217,902.00||149,708|| |
|8/26/2013||Eric Rosenfeld||Director||Sell||10,526||$23.13||$243,466.38||159,182|| |
|8/22/2013||Eric Rosenfeld||Director||Sell||80,000||$22.87||$1,829,600.00||169,708|| |
|6/28/2013||Eric Rosenfeld||Director||Sell||13,174||$19.96||$262,953.04|| |
|6/17/2013||Brian Pratt||CEO||Sell||824,400||$20.18||$16,636,392.00|| |
|5/24/2013||Michael D Killgore||VP||Sell||20,000||$21.41||$428,200.00|| |
|5/16/2013||Michael D Killgore||VP||Sell||20,000||$21.26||$425,200.00|| |
|3/13/2013||Perisich Family Trust Dated Ju||Insider||Buy||4,538||$11.02||$50,008.76|| |
|3/13/2013||Peter J Moerbeek||CFO||Buy||5,294||$11.02||$58,339.88|| |
|11/23/2012||Eric Rosenfeld||Director||Sell||20,348||$14.51||$295,249.48|| |
|11/13/2012||Thomas E Tucker||Director||Sell||9,000||$14.07||$126,630.00|| |
|9/14/2012||Brian Pratt||CEO||Sell||122,981||$13.14||$1,615,970.34|| |
Primoris Services (NASDAQ PRIM) News Headlines
Primoris Services (NASDAQ:PRIM) SEC Filings
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Primoris Services (NASDAQ:PRIM) Income Statement, Balance Sheet and Cash Flow Statement
Primoris Services (NASDAQ PRIM) Stock Chart for Sunday, March, 18, 2018