Primoris Services Corporation Company Profile (NASDAQ:PRIM)

About Primoris Services Corporation (NASDAQ:PRIM)

Primoris Services Corporation logoPrimoris 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:
  • Sector: Construction
  • Industry: Construction & Engineering
  • Sub-Industry: Construction & Engineering
  • Symbol: NASDAQ:PRIM
  • CUSIP: 74164F10
  • Web: www.prim.com
Capitalization:
  • Market Cap: $1.44021 billion
  • Outstanding Shares: 51,437,000
Average Prices:
  • 50 Day Moving Avg: $28.70
  • 200 Day Moving Avg: $25.53
  • 52 Week Range: $18.71 - $30.00
P/E:
  • Trailing P/E Ratio: 30.39
  • Foreward P/E Ratio: 19.00
  • P/E Growth: 2.07
Sales & Book Value:
  • Annual Revenue: $2.3 billion
  • Price / Sales: 0.62
  • Book Value: $10.08 per share
  • Price / Book: 2.77
Dividend:
  • Annual Dividend: $0.22
  • Dividend Yield: 0.8%
Profitability:
  • EBITDA: $162.46 million
  • Net Margins: 2.09%
  • Return on Equity: 11.30%
  • Return on Assets: 4.90%
Debt:
  • Debt-to-Equity Ratio: 0.35%
  • Current Ratio: 1.45%
  • Quick Ratio: 1.36%
Misc:
  • Average Volume: 294,337 shs.
  • Beta: 1.55
  • Short Ratio: 5.2
 

Frequently Asked Questions for Primoris Services Corporation (NASDAQ:PRIM)

What is Primoris Services Corporation's stock symbol?

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

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

Primoris Services Corporation declared a quarterly dividend on Wednesday, August 9th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.055 per share on Saturday, October 14th. This represents a $0.22 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 28th. View Primoris Services Corporation's Dividend History.

How will Primoris Services Corporation's stock buyback program work?

Primoris Services Corporation declared that its Board of Directors has approved a share repurchase plan on Friday, April 7th 2017, which permits the company to repurchase $5,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 0.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

How were Primoris Services Corporation's earnings last quarter?

Primoris Services Corporation (NASDAQ:PRIM) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.11. The business earned $631.20 million during the quarter, compared to analysts' expectations of $582.82 million. Primoris Services Corporation had a return on equity of 11.30% and a net margin of 2.09%. The company's quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. View Primoris Services Corporation's Earnings History.

When will Primoris Services Corporation make its next earnings announcement?

Primoris Services Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 14th 2017. View Earnings Estimates for Primoris Services Corporation.

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

Primoris Services Corporation updated its FY17 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $1.05-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.15.

Where is Primoris Services Corporation's stock going? Where will Primoris Services Corporation's stock price be in 2017?

8 brokerages have issued twelve-month price targets for Primoris Services Corporation's stock. Their predictions range from $25.00 to $32.00. On average, they anticipate Primoris Services Corporation's stock price to reach $28.00 in the next twelve months. View Analyst Ratings for Primoris Services Corporation.

What are analysts saying about Primoris Services Corporation stock?

Here are some recent quotes from research analysts about Primoris Services Corporation 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. " (10/18/2017)
  • 2. Canaccord Genuity analysts commented, "We maintain our estimates slightly above the guided range for 2017, following a strong Q4 that delivered upside and record backlog. With a general broadening of positive trends, a strong outlook for large diameter pipeline and MSA work, and a better environment for Texas Heavy Civil, we believe Primoris remains well positioned to deliver upside to consensus estimates. Our price target remains $28. Investment highlights PRIM reported Q4/16 results of $601.9M in revenues and $0.28 in EPS. Revenues were ahead of our estimates and consensus of $534.4M and $536M, respectively, on higher-than-expected West segment contributions from the company’s two ongoing Rockford pipeline projects in Florida while reported EPS was in line with our prior estimate and below consensus of $0.31. The lower-than-expected EPS stemmed from a lower-than-anticipated gross margin and greater-than-expected Opex. PRIM reported a total backlog of $2.8B, of which $1.8B is expected to be converted to revenues this year. The total backlog increased 32% Y/Y." (2/24/2017)

Who are some of Primoris Services Corporation's key competitors?

Who are Primoris Services Corporation's key executives?

Primoris Services Corporation's management team includes the folowing people:

  • Brian Pratt, Chairman of the Board
  • David L. King, President, Chief Executive Officer, Director
  • Peter J. Moerbeek, Chief Financial Officer, Executive Vice President, Director
  • Thomas E. McCormick, Chief Operating Officer
  • John M. Perisich, Executive Vice President, General Counsel
  • Stephen C. Cook, Lead Independent Director
  • Peter Cummins Brown, Independent Director
  • John P. Schauerman, Independent Director
  • Robert A. Tintsman, Independent Director
  • Thomas E. Tucker, Independent Director

Who owns Primoris Services Corporation stock?

Primoris Services Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Meeder Asset Management Inc. (0.01%). Company insiders that own Primoris Services Corporation stock include Brian Pratt, Peter J Moerbeek and Stephen C Cook. View Institutional Ownership Trends for Primoris Services Corporation.

Who bought Primoris Services Corporation stock? Who is buying Primoris Services Corporation stock?

Primoris Services Corporation's stock was bought by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc.. View Insider Buying and Selling for Primoris Services Corporation.

How do I buy Primoris Services Corporation stock?

Shares of Primoris Services Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Primoris Services Corporation's stock price today?

One share of Primoris Services Corporation stock can currently be purchased for approximately $27.93.


MarketBeat Community Rating for Primoris Services Corporation (NASDAQ PRIM)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  137 (Vote Outperform)
Underperform Votes:  172 (Vote Underperform)
Total Votes:  309
MarketBeat's community ratings are surveys of what our community members think about Primoris Services Corporation 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.

Analyst Ratings

Consensus Ratings for Primoris Services Corporation (NASDAQ:PRIM) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: $28.00 (0.25% upside)
Consensus Price Target History for Primoris Services Corporation (NASDAQ:PRIM)
Price Target History for Primoris Services Corporation (NASDAQ:PRIM)
Analysts' Ratings History for Primoris Services Corporation (NASDAQ:PRIM)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/11/2017Seaport Global SecuritiesReiterated RatingBuy$29.00 -> $32.00N/AView Rating Details
9/19/2017KeyCorpReiterated RatingHoldLowView Rating Details
8/9/2017Canaccord GenuityBoost Price TargetBuy$28.00 -> $30.00LowView Rating Details
2/27/2017DA DavidsonReiterated RatingNeutralN/AView Rating Details
2/7/2017StephensInitiated CoverageEqual WeightN/AView Rating Details
11/21/2016SidotiInitiated CoverageNeutral$25.00N/AView Rating Details
11/18/2016Avondale PartnersDowngradeOutperform -> Market PerformN/AView Rating Details
11/9/2016WunderlichBoost Price TargetBuy$23.00 -> $25.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Primoris Services Corporation (NASDAQ:PRIM)
Earnings by Quarter for Primoris Services Corporation (NASDAQ:PRIM)
Earnings History by Quarter for Primoris Services Corporation (NASDAQ PRIM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017$0.33N/AView Earnings Details
8/8/2017Q2 2017$0.31$0.42$582.82 million$631.20 millionViewListenView Earnings Details
5/9/2017Q1 2017$0.14$0.15$517.50 million$561.50 millionViewListenView Earnings Details
2/28/2017Q416$0.31$0.28$542.42 million$601.90 millionViewListenView Earnings Details
11/8/2016Q316$0.25$0.09$536.07 million$507.80 millionViewListenView Earnings Details
8/4/2016Q216$0.22$0.10$516.76 million$456.81 millionViewN/AView Earnings Details
5/5/2016Q116$0.06$0.05$423.00 million$430.40 millionViewN/AView Earnings Details
2/25/2016Q415$0.30$0.24$527.72 million$497.10 millionViewListenView Earnings Details
11/5/2015Q315$0.37$0.37$599.28 million$555.90 millionViewListenView Earnings Details
8/6/2015Q215$0.19$0.07$494.81 million$483.50 millionViewListenView Earnings Details
5/5/2015Q115$0.13$0.03$434.40 million$392.80 millionViewListenView Earnings Details
3/3/2015Q414$0.49$0.17$622.96 million$487.60 millionViewListenView Earnings Details
11/6/2014Q314$0.49$0.53$599.03 million$613.20 millionViewListenView Earnings Details
8/7/2014Q214$0.31$0.31$503.10 million$515.00 millionViewN/AView Earnings Details
5/6/2014Q114$0.20$0.21$460.95 million$470.00 millionViewN/AView Earnings Details
2/28/2014Q413$0.39$0.44$541.11 million$537.90 millionViewN/AView Earnings Details
11/5/2013Q313$0.42$0.42$513.78 million$551.30 millionViewN/AView Earnings Details
8/7/2013Q2 2013$0.29$0.30$451.20 million$445.00 millionViewN/AView Earnings Details
5/29/2013Q1 13$0.18$0.19ViewN/AView Earnings Details
5/7/2013Q1 2013$0.18$0.19$352.60 million$410.00 millionViewN/AView Earnings Details
3/7/2013Q4 2012$0.30$0.33$402.81 million$480.80 millionViewN/AView Earnings Details
11/6/2012Q312$0.33$0.34$408.53 million$431.80 millionViewN/AView Earnings Details
8/8/2012$0.22$0.23ViewN/AView Earnings Details
5/9/2012$0.24$0.20ViewN/AView Earnings Details
3/1/2012$0.22$0.35ViewN/AView Earnings Details
11/8/2011$0.20$0.38ViewN/AView Earnings Details
8/4/2011$0.24$0.28ViewN/AView Earnings Details
5/10/2011$0.22$0.24ViewN/AView Earnings Details
3/16/2011$0.22$0.24ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Primoris Services Corporation (NASDAQ:PRIM)
2017 EPS Consensus Estimate: $1.09
2018 EPS Consensus Estimate: $1.43
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.10$0.30$0.18
Q2 20173$0.25$0.35$0.31
Q3 20173$0.27$0.34$0.31
Q4 20173$0.23$0.35$0.29
Q1 20181$0.09$0.09$0.09
Q2 20181$0.44$0.44$0.44
Q3 20181$0.48$0.48$0.48
Q4 20181$0.42$0.42$0.42
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Primoris Services Corporation (NASDAQ:PRIM)
Most Recent Dividend:10/14/2017
Annual Dividend:$0.22
Dividend Yield:0.79%
Payout Ratio:23.40% (Trailing 12 Months of Earnings)
18.49% (Based on This Year's Estimates)
14.97% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Primoris Services Corporation (NASDAQ:PRIM)

Dividend History by Quarter for Primoris Services Corporation (NASDAQ PRIM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/9/2017quarterly$0.060.85%9/28/20179/29/201710/14/2017
5/5/2017$0.066/28/20176/30/20177/15/2017
5/11/2017quarterly$0.060.93%6/28/20176/30/20177/14/2017
2/28/2017quarterly$0.060.88%3/29/20173/31/20174/15/2017
11/9/2016quarterly$0.060.98%12/28/201612/31/20161/16/2017
8/4/2016quarterly$0.061.22%9/28/20169/30/201610/14/2016
5/6/2016quarterly$0.060.97%6/28/20166/30/20167/15/2016
2/26/2016quarterly$0.061.04%3/29/20163/31/20164/15/2016
11/9/2015quarterly$0.061.03%12/29/201512/31/20151/15/2016
8/7/2015quarterly$0.061.22%9/28/20159/30/201510/15/2015
5/6/2015quarterly$0.061.15%6/26/20156/30/20157/15/2015
3/6/2015quarterly$0.040.93%3/27/20153/31/20154/15/2015
11/4/2014quarterly$0.040.7%12/29/201412/31/20141/15/2015
8/7/2014quarterly$0.040.56%9/26/20149/30/201410/15/2014
5/6/2014quarterly$0.040.49%6/26/20146/30/20147/15/2014
5/6/2014quarterly$0.046/30/20146/15/2014
2/28/2014quarterly$0.040.45%3/27/20143/31/20144/15/2014
11/6/2013quarterly$0.040.5%12/27/201312/31/20131/15/2014
8/8/2013quarterly$0.040.62%9/26/20139/30/201310/15/2013
5/8/2013quarterly$0.040.65%6/26/20136/28/20137/15/2013
3/7/2013quarterly$0.030.59%3/26/20133/29/20134/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Primoris Services Corporation (NASDAQ:PRIM)
Insider Ownership Percentage: 24.00%
Institutional Ownership Percentage: 69.72%
Insider Trades by Quarter for Primoris Services Corporation (NASDAQ:PRIM)
Institutional Ownership by Quarter for Primoris Services Corporation (NASDAQ:PRIM)
Insider Trades by Quarter for Primoris Services Corporation (NASDAQ:PRIM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/25/2017Peter J MoerbeekCFOSell19,778$28.99$573,364.22View SEC Filing  
9/21/2017Brian PrattDirectorSell225,000$28.56$6,426,000.00View SEC Filing  
9/20/2017Brian PrattDirectorSell88,500$28.67$2,537,295.00View SEC Filing  
9/15/2017Brian PrattDirectorSell255,386$28.62$7,309,147.32View SEC Filing  
9/13/2017Brian PrattDirectorSell146,882$28.59$4,199,356.38View SEC Filing  
9/12/2017Brian PrattDirectorSell181,982$28.35$5,159,189.70View SEC Filing  
9/11/2017Brian PrattDirectorSell108,062$28.07$3,033,300.34View SEC Filing  
9/8/2017Brian PrattDirectorSell311,933$28.08$8,759,078.64View SEC Filing  
9/7/2017Brian PrattDirectorSell105,099$28.00$2,942,772.00View SEC Filing  
9/6/2017Brian PrattDirectorSell105,734$28.20$2,981,698.80View SEC Filing  
12/14/2016Stephen C CookDirectorSell10,144$24.00$243,456.00View SEC Filing  
9/30/2014Thomas E TuckerDirectorSell2,000$27.19$54,380.00View SEC Filing  
6/27/2014Thomas E TuckerDirectorSell2,000$29.06$58,120.00View SEC Filing  
5/20/2014Brian PrattCEOSell745,000$28.15$20,971,750.00View SEC Filing  
3/21/2014Michael KillgoreVPSell8,480$31.16$264,236.80View SEC Filing  
3/18/2014Eric RosenfeldDirectorSell71,900$31.04$2,231,776.00View SEC Filing  
3/7/2014Brian PrattCEOBuy3,864$21.57$83,346.48View SEC Filing  
3/7/2014John PerisichVPBuy2,512$21.57$54,183.84View SEC Filing  
3/7/2014Peter MoerbeekCFOBuy2,898$21.57$62,509.86View SEC Filing  
3/5/2014Eric RosenfeldDirectorSell21,840$32.45$708,708.00View SEC Filing  
12/5/2013Thomas TuckerDirectorSell6,965$21.27$148,145.55View SEC Filing  
11/26/2013Eric RosenfeldDirectorSell3,122$28.60$89,289.20View SEC Filing  
9/6/2013Michael D KillgoreVPSell15,000$23.85$357,750.00View SEC Filing  
9/4/2013Eric RosenfeldDirectorSell9,474$23.00$217,902.00View SEC Filing  
8/26/2013Eric RosenfeldDirectorSell10,526$23.13$243,466.38View SEC Filing  
8/22/2013Eric RosenfeldDirectorSell80,000$22.87$1,829,600.00View SEC Filing  
6/28/2013Eric RosenfeldDirectorSell13,174$19.96$262,953.04View SEC Filing  
6/17/2013Brian PrattCEOSell824,400$20.18$16,636,392.00View SEC Filing  
5/24/2013Michael D KillgoreVPSell20,000$21.41$428,200.00View SEC Filing  
5/16/2013Michael D KillgoreVPSell20,000$21.26$425,200.00View SEC Filing  
3/13/2013Perisich Family Trust Dated JuInsiderBuy4,538$11.02$50,008.76View SEC Filing  
3/13/2013Peter J MoerbeekCFOBuy5,294$11.02$58,339.88View SEC Filing  
11/23/2012Eric RosenfeldDirectorSell20,348$14.51$295,249.48View SEC Filing  
11/13/2012Thomas E TuckerDirectorSell9,000$14.07$126,630.00View SEC Filing  
9/14/2012Brian PrattCEOSell122,981$13.14$1,615,970.34View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Primoris Services Corporation (NASDAQ:PRIM)
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Primoris Services Corporation (PRIM) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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