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NASDAQ:PRIMPrimoris Services Stock Price, Forecast & News

$16.69
+0.04 (+0.24 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$16.21
Now: $16.69
$16.82
50-Day Range
$13.34
MA: $14.89
$16.91
52-Week Range
$9.42
Now: $16.69
$23.73
Volume232,400 shs
Average Volume224,313 shs
Market Capitalization$805.46 million
P/E Ratio11.13
Dividend Yield1.44%
Beta1.09
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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Primoris Services logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.69 out of 5 stars


Industry, Sector and Symbol

Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorConstruction
Current SymbolNASDAQ:PRIM
CUSIP74164F10
Phone214-740-5600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.11 billion
Cash Flow$3.29 per share
Book Value$12.35 per share

Profitability

Net Income$82.33 million

Miscellaneous

Employees9,700
Market Cap$805.46 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Primoris Services (NASDAQ:PRIM) Frequently Asked Questions

How has Primoris Services' stock been impacted by COVID-19 (Coronavirus)?

Primoris Services' stock was trading at $15.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PRIM shares have increased by 9.3% and is now trading at $16.69. View which stocks have been most impacted by Coronavirus.

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

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

How were Primoris Services' earnings last quarter?

Primoris Services Corp (NASDAQ:PRIM) issued its quarterly earnings results on Tuesday, May, 5th. The construction company reported ($0.08) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.01) by $0.07. The construction company earned $743.20 million during the quarter, compared to the consensus estimate of $657.80 million. Primoris Services had a return on equity of 12.79% and a net margin of 2.40%. Primoris Services's revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.04 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 Tuesday, May 5th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.06 per share on Wednesday, July 15th. This represents a $0.24 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, June 29th. View Primoris Services' dividend history.

What price target have analysts set for PRIM?

2 equities research analysts have issued twelve-month price objectives for Primoris Services' shares. Their forecasts range from $16.00 to $16.00. On average, they anticipate Primoris Services' stock price to reach $16.00 in the next year. This suggests that the stock has a possible downside of 4.1%. View analysts' price targets for Primoris Services.

Has Primoris Services been receiving favorable news coverage?

Headlines about PRIM stock have trended very positive on Monday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Primoris Services earned a daily sentiment score of 3.5 on InfoTrie's scale. They also gave news articles about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutPrimoris Services.

Are investors shorting Primoris Services?

Primoris Services saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 430,200 shares, an increase of 31.9% from the April 15th total of 326,200 shares. Based on an average daily volume of 233,500 shares, the short-interest ratio is currently 1.8 days. Currently, 1.0% of the company's stock are short sold. View Primoris Services' Current Options Chain.

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), PepsiCo (PEP), Verizon Communications (VZ), Harley-Davidson (HOG), IBM (IBM), Marathon Petroleum (MPC), Southern (SO) and Banc of California (BANC).

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 many different retail and institutional investors. Top institutional investors include Van Berkom & Associates Inc. (8.03%), BlackRock Inc. (6.37%), Wellington Management Group LLP (6.02%), Thrivent Financial for Lutherans (4.30%), Deprince Race & Zollo Inc. (3.90%) and GW&K Investment Management LLC (2.53%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John P Schauerman, Kenneth Morris Dodgen, Stephen C Cook and Thomas Edward Mccormick. View institutional ownership trends for Primoris Services.

Which institutional investors are selling Primoris Services stock?

PRIM stock was sold by a variety of institutional investors in the last quarter, including Rice Hall James & Associates LLC, Rice Hall James & Associates LLC, Alliancebernstein L.P., Morgan Stanley, First Trust Advisors LP, GW&K Investment Management LLC, Invesco Ltd., and BlackRock Inc.. Company insiders that have sold Primoris Services company stock in the last year include Brian Pratt, David Lee King, John P Schauerman, Stephen C Cook, and Thomas Edward Mccormick. View insider buying and selling activity for Primoris Services.

Which institutional investors are buying Primoris Services stock?

PRIM stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Van Berkom & Associates Inc., JPMorgan Chase & Co., Martingale Asset Management L P, Deprince Race & Zollo Inc., Ziegler Capital Management LLC, Bessemer Group Inc., and Eagle Asset Management Inc.. 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 $16.69.

How big of a company is Primoris Services?

Primoris Services has a market capitalization of $805.46 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 ktholki[email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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