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NASDAQ:PRIM

Primoris Services Stock Forecast, Price & News

$18.22
-0.14 (-0.76 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$18.02
Now: $18.22
$18.75
50-Day Range
$16.03
MA: $18.24
$19.98
52-Week Range
$9.42
Now: $18.22
$23.73
Volume449,684 shs
Average Volume298,365 shs
Market Capitalization$879.33 million
P/E Ratio9.96
Dividend Yield1.31%
Beta1.19
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.83 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$3.32 per share
Book Value$12.35 per share

Profitability

Net Income$82.33 million

Miscellaneous

Employees9,700
Market Cap$879.33 million
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$18.22
-0.14 (-0.76 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Primoris Services (NASDAQ:PRIM) Frequently Asked Questions

How has Primoris Services' stock price been impacted by Coronavirus?

Primoris Services' stock was trading at $15.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PRIM shares have increased by 19.3% and is now trading at $18.22.
View which stocks have been most impacted by COVID-19
.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 4 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 Monday, November 2nd 2020.
View our earnings forecast for Primoris Services
.

How were Primoris Services' earnings last quarter?

Primoris Services Corp (NASDAQ:PRIM) issued its earnings results on Tuesday, August, 4th. The construction company reported $0.68 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.35 by $0.33. The construction company earned $908.20 million during the quarter, compared to analyst estimates of $811.43 million. Primoris Services had a return on equity of 15.06% and a net margin of 2.78%. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 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 Friday, July 31st. Investors of record on Wednesday, September 30th will be given a dividend of $0.06 per share on Thursday, October 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Tuesday, September 29th.
View Primoris Services' dividend history
.

What guidance has Primoris Services issued on next quarter's earnings?

Primoris Services updated its FY20 earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of $1.60-1.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.29.

What price target have analysts set for PRIM?

4 brokers have issued 1 year price targets for Primoris Services' stock. Their forecasts range from $20.00 to $25.00. On average, they expect Primoris Services' stock price to reach $22.50 in the next year. This suggests a possible upside of 23.5% from the stock's current price.
View analysts' price targets for Primoris Services
.

Are investors shorting Primoris Services?

Primoris Services saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 559,300 shares, an increase of 34.0% from the July 30th total of 417,300 shares. Based on an average trading volume of 375,900 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.2% of the company's stock are short sold.
View Primoris Services' Short Interest
.

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), Verizon Communications (VZ), Intel (INTC), Marathon Petroleum (MPC), Pfizer (PFE), Southern (SO), AT&T (T) and Exxon Mobil (XOM).

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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.47%), Macquarie Group Ltd. (4.21%), GW&K Investment Management LLC (2.43%), Thrivent Financial for Lutherans (2.41%), Charles Schwab Investment Management Inc. (1.15%) and Jacobs Levy Equity Management Inc. (0.96%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John P Schauerman, Kenneth Morris Dodgen, Stephen C Cook, Thomas E Tucker 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 Thrivent Financial for Lutherans, Russell Investments Group Ltd., Vanguard Group Inc., Hodges Capital Management Inc., Bessemer Group Inc., GW&K Investment Management LLC, First Trust Advisors LP, and Charles Schwab Investment Management Inc.. Company insiders that have sold Primoris Services company stock in the last year include Brian Pratt, David Lee King, John P Schauerman, Thomas E Tucker, and Thomas Edward Mccormick.
View insider buying and selling activity for Primoris Services
.

Which major investors are buying Primoris Services stock?

PRIM stock was bought by a variety of institutional investors in the last quarter, including Intrinsic Edge Capital Management LLC, Jacobs Levy Equity Management Inc., LSV Asset Management, Bridgeway Capital Management Inc., Goldman Sachs Group Inc., Marshall Wace LLP, Denali Advisors LLC, and Nuveen Asset Management LLC. Company insiders that have bought Primoris Services stock in the last two years include Kenneth Morris Dodgen, 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 $18.22.

How big of a company is Primoris Services?

Primoris Services has a market capitalization of $879.33 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 9/20/2020 by MarketBeat.com Staff

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