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S&P 500   4,026.12
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MarketBeat: Week in Review 11/21 - 11/25
THE BEST BLACK FRIDAY DEAL YET (Ad)
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
Inflation hovers over shoppers seeking deals on Black Friday
See how to make money instead of spending it on Black Friday with this offer (Ad)
Macao awards casino licenses to MGM, Sands, Wynn, 3 others
US FCC bans sales, import of Chinese tech from Huawei, ZTE
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
MarketBeat: Week in Review 11/21 - 11/25
THE BEST BLACK FRIDAY DEAL YET (Ad)
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
Inflation hovers over shoppers seeking deals on Black Friday
See how to make money instead of spending it on Black Friday with this offer (Ad)
Macao awards casino licenses to MGM, Sands, Wynn, 3 others
US FCC bans sales, import of Chinese tech from Huawei, ZTE
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
MarketBeat: Week in Review 11/21 - 11/25
THE BEST BLACK FRIDAY DEAL YET (Ad)
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
Inflation hovers over shoppers seeking deals on Black Friday
See how to make money instead of spending it on Black Friday with this offer (Ad)
Macao awards casino licenses to MGM, Sands, Wynn, 3 others
US FCC bans sales, import of Chinese tech from Huawei, ZTE
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
NASDAQ:PRIM

Primoris Services - PRIM Stock Forecast, Price & News

$21.58
+0.23 (+1.08%)
(As of 11/25/2022 04:00 PM ET)
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Today's Range
$21.35
$21.66
50-Day Range
$16.25
$22.34
52-Week Range
$15.90
$27.94
Volume
75,203 shs
Average Volume
272,624 shs
Market Capitalization
$1.15 billion
P/E Ratio
9.63
Dividend Yield
1.12%
Price Target
$25.00

Primoris Services MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
15.8% Upside
$25.00 Price Target
Short Interest
Healthy
1.97% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.36mentions of Primoris Services in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$223,400 Sold Last Quarter
Proj. Earnings Growth
9.43%
From $2.44 to $2.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Construction Sector

14th out of 108 stocks

Water, Sewer, & Utility Lines Industry

2nd out of 6 stocks

PRIM stock logo

About Primoris Services (NASDAQ:PRIM) Stock

Primoris Services Corp. operates as a holding company, which engages in the provision of construction, fabrication, maintenance, replacement, and engineering services. It operates through the following segments: Utilities, Energy and Renewables, and Pipeline. The Utilities segment specializes in a range of services, including telecommunications and installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems. The Energy and Renewables segment is involved in engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services for entities in the renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. The Pipeline segment offers pipeline construction and maintenance, pipeline facility and integrity services, installation of compressor and pump stations, and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company wa

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PRIM Stock News Headlines

Primoris Services (NASDAQ:PRIM) Lowered to Hold at StockNews.com
Primoris Services Co. (NASDAQ:PRIM) COO Sells $223,400.00 in Stock
Earnings Preview For Primoris Services
Primoris Services' (NASDAQ:PRIM) Dividend Will Be $0.06
Primoris Services Pockets $270M Solar Project
Primoris Services awarded $270M solar project
Primoris Services Awarded $270 Million Solar Project
See More Headlines
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PRIM Company Calendar

Last Earnings
11/07/2021
Ex-Dividend for 10/14 Dividend
9/29/2022
Dividend Payable
10/14/2022
Today
11/26/2022
Ex-Dividend for 1/13 Dividend
12/29/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/13/2023
Next Earnings (Estimated)
2/27/2023

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Current Symbol
NASDAQ:PRIM
CUSIP
74164F10
Fax
N/A
Employees
10,810
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$25.00
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+15.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$115.61 million
Pretax Margin
3.69%

Debt

Sales & Book Value

Annual Sales
$3.50 billion
Cash Flow
$4.67 per share
Book Value
$20.11 per share

Miscellaneous

Free Float
52,367,000
Market Cap
$1.15 billion
Optionable
Optionable
Beta
1.22

Social Links


Key Executives

  • Thomas E. McCormick
    President, Chief Executive Officer & Director
  • John F. Moreno
    Chief Operating Officer & Executive Vice President
  • Kenneth M. Dodgen
    Chief Financial Officer & Executive Vice President
  • John M. Perisich
    Secretary, Chief Legal Officer & Executive VP
  • Travis L. Stricker
    Chief Accounting Officer & Senior Vice President













PRIM Stock - Frequently Asked Questions

Should I buy or sell Primoris Services stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last twelve months. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PRIM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRIM, but not buy additional shares or sell existing shares.
View PRIM analyst ratings
or view top-rated stocks.

What is Primoris Services' stock price forecast for 2023?

3 brokers have issued 1 year price targets for Primoris Services' shares. Their PRIM share price forecasts range from $20.00 to $28.00. On average, they anticipate the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
View analysts price targets for PRIM
or view top-rated stocks among Wall Street analysts.

How have PRIM shares performed in 2022?

Primoris Services' stock was trading at $23.98 at the beginning of 2022. Since then, PRIM stock has decreased by 10.0% and is now trading at $21.58.
View the best growth stocks for 2022 here
.

When is Primoris Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our PRIM earnings forecast
.

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) posted its quarterly earnings data on Sunday, November, 7th. The construction company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.78 by $0.03. The construction company earned $913.20 million during the quarter, compared to analysts' expectations of $993.41 million. Primoris Services had a net margin of 3.04% and a trailing twelve-month return on equity of 11.88%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS.

How often does Primoris Services pay dividends? What is the dividend yield for Primoris Services?

Primoris Services declared a quarterly dividend on Thursday, November 3rd. Investors of record on Friday, December 30th will be paid a dividend of $0.06 per share on Friday, January 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for PRIM
.

Is Primoris Services a good dividend stock?

Primoris Services (NASDAQ:PRIM) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.12%. The dividend payout ratio is 10.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRIM will have a dividend payout ratio of 8.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRIM.

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

Primoris Services issued an update on its FY 2022 earnings guidance on Monday, November, 21st. The company provided earnings per share guidance of $2.39-$2.59 for the period, compared to the consensus estimate of $2.45. The company issued revenue guidance of -.

What is Brian Pratt's approval rating as Primoris Services' CEO?

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.

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 (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).

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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.93%), BlackRock Inc. (8.62%), Dimensional Fund Advisors LP (5.49%), State Street Corp (2.31%), LSV Asset Management (1.41%) and Jacobs Levy Equity Management Inc. (1.30%). Insiders that own company stock include Brian Pratt, David Lee King, John F Moreno Jr, John P Schauerman, Kenneth Morris Dodgen, Terry D Mccallister, Thomas E Tucker and Thomas Edward Mccormick.
View institutional ownership trends
.

How do I buy shares of Primoris Services?

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.
Compare Top Brokerages Here.

What is Primoris Services' stock price today?

One share of PRIM stock can currently be purchased for approximately $21.58.

How much money does Primoris Services make?

Primoris Services (NASDAQ:PRIM) has a market capitalization of $1.15 billion and generates $3.50 billion in revenue each year. The construction company earns $115.61 million in net income (profit) each year or $2.24 on an earnings per share basis.

How many employees does Primoris Services have?

The company employs 10,810 workers across the globe.

Does Primoris Services have any subsidiaries?
The following companies are subsidiares of Primoris Services: ARB Chile Ltda., ARB Inc., ARB Structures Inc., Aevenia Inc., Cardinal Contractors Inc., Coastal Field Services, Cravens Services, FSSI, Florida Gas Contractors, Future Infrastructure, James Construction Group, James Construction Group LLC, Juniper Rock Corporation, Mueller Concrete Construction Company, Northern Energy & Power, OnQuest Canada ULC, OnQuest Inc., PFMG Solar Tustin LLC, Pipe Jacking Trenchless Inc., Primoris Aevenia Inc., Primoris Design & Construction Inc., Primoris Distribution Services Inc., Primoris Electric Inc., Primoris Energy Services Corporation, Primoris T&D Services LLC, Primoris Willbros Canada ULC, Q3 Contracting Inc., Q3C, Ram-Fab, Rockford Corporation, Rockford Holdings Corporation, Rockford Pipelines Canada Inc., Saxon Construction Inc., Sprint Pipeline Services, Surber, Vadnais, Vadnais Trenchless Services Inc., WesPac Energy, Willbros Group, Willbros Group Inc., and Williams.
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How can I contact Primoris Services?

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.

This page (NASDAQ:PRIM) was last updated on 11/26/2022 by MarketBeat.com Staff