NASDAQ:PRIM - Primoris Services Stock Price, Price Target & More

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$28.09 -0.59 (-2.06 %)
(As of 06/19/2018 04:00 PM ET)
Previous Close$28.68
Today's Range$28.04 - $28.71
52-Week Range$23.61 - $30.00
Volume291,900 shs
Average Volume271,744 shs
Market Capitalization$1.45 billion
P/E Ratio24.41
Dividend Yield0.85%
Beta1.18
Primoris Services logoPrimoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services in the United States and internationally. It operates through Power, Pipeline, Utilities, and Civil segments. The Power segment offer a range of engineering, procurement, and construction services, including project delivery, turnkey construction, retrofits, upgrades, repairs, outages, and maintenance for entities in the petroleum, petrochemical, water, and other industries. The Pipeline segment provides a range of services comprising pipeline construction, pipeline maintenance, pipeline facility work, compressor stations, pump stations, metering facilities, and other pipeline related services for entities in the petroleum and petrochemical industries. The Utilities segment offers utility line installation and maintenance, gas and electric distribution, streetlight construction, substation work, and fiber optic cable installation services. 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 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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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.32
Current Ratio1.58
Quick Ratio1.58

Price-To-Earnings

Trailing P/E Ratio24.41
Forward P/E Ratio17.78
P/E Growth1.79

Sales & Book Value

Annual Sales$2.38 billion
Price / Sales0.61
Cash Flow$2.4447 per share
Price / Cash11.49
Book Value$10.93 per share
Price / Book2.57

Profitability

EPS (Most Recent Fiscal Year)$1.15
Net Income$72.35 million
Net Margins2.81%
Return on Equity9.50%
Return on Assets4.23%

Miscellaneous

Employees7,102
Outstanding Shares51,530,000

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 Wednesday, May 9th. Investors of record on Friday, June 29th will be paid a dividend of $0.06 per share on Friday, July 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, June 28th. View Primoris Services' Dividend History.

How will Primoris Services' stock buyback program work?

Primoris Services announced that its board has initiated a share repurchase plan 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 plans are often a sign that the company's leadership believes its stock is undervalued.

How were Primoris Services' earnings last quarter?

Primoris Services Corp (NASDAQ:PRIM) released its quarterly earnings results on Tuesday, May, 8th. The construction company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The construction company had revenue of $504.10 million for the quarter, compared to analysts' expectations of $485.10 million. Primoris Services had a return on equity of 9.50% and a net margin of 2.81%. The firm's revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. View Primoris Services' Earnings History.

When is Primoris Services' next earnings date?

Primoris Services is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for Primoris Services.

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

Primoris Services updated its FY18 earnings guidance on Tuesday, May, 8th. The company provided earnings per share guidance of $1.50-$1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.60.

What price target have analysts set for PRIM?

6 brokers have issued 12-month price targets for Primoris Services' stock. Their forecasts range from $28.00 to $32.00. On average, they expect Primoris Services' stock price to reach $30.6667 in the next year. View Analyst Ratings for Primoris Services.

Are investors shorting Primoris Services?

Primoris Services saw a decline in short interest during the month of May. As of May 15th, there was short interest totalling 375,495 shares, a decline of 33.3% from the April 30th total of 562,965 shares. Based on an average daily trading volume, of 232,530 shares, the short-interest ratio is presently 1.6 days. Approximately 0.9% of the company's stock are sold short.

Who are some of Primoris Services' key competitors?

Some companies that are related to Primoris Services include MasTec (MTZ), Dycom Industries (DY), Aegion (AEGN), MYR Group (MYRG) and Preformed Line Products (PLPC).

Who are Primoris Services' key executives?

Primoris Services' management team includes the folowing people:
  • Mr. Brian Pratt, Chairman & Sr. Strategic Advisor (Age 66)
  • Mr. David L. King, Pres, CEO & Director (Age 66)
  • Mr. Peter J. Moerbeek, Exec. VP, CFO, Principal Accounting Officer & Director (Age 70)
  • Mr. Thomas E. McCormick, Exec. VP & COO (Age 56)
  • Mr. John M. Perisich, Exec. VP, Gen. Counsel & Sec. (Age 53)

Has Primoris Services been receiving favorable news coverage?

News headlines about PRIM stock have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Primoris Services earned a news sentiment score of 0.20 on Accern's scale. They also assigned media stories about the construction company an impact score of 50.98 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the near term.

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by many different of retail and institutional investors. Top institutional investors include VAN BERKOM & ASSOCIATES INC. (5.27%), Van Berkom & Associates Inc. (5.27%), Barrow Hanley Mewhinney & Strauss LLC (4.90%), BlackRock Inc. (4.73%), Dimensional Fund Advisors LP (4.45%) and GW&K Investment Management LLC (1.75%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John M Perisich, John P Schauerman, Peter J Moerbeek, 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 Millennium Management LLC, Spark Investment Management LLC, BlackRock Inc., Prudential Financial Inc., Hsbc Holdings PLC, Barclays PLC, Loomis Sayles & Co. L P and Hodges Capital Management Inc.. Company insiders that have sold Primoris Services company stock in the last year include Brian Pratt, David Lee King, John M Perisich, John P Schauerman, Peter J Moerbeek and Stephen C Cook. View Insider Buying and Selling for Primoris Services.

Which institutional investors are buying Primoris Services stock?

PRIM stock was bought by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., Eagle Asset Management Inc., Denver Investment Advisors LLC, Barrow Hanley Mewhinney & Strauss LLC, Schwab Charles Investment Management Inc., Wells Fargo & Company MN, A.R.T. Advisors LLC and Citadel Advisors LLC. 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 $28.09.

How big of a company is Primoris Services?

Primoris Services has a market capitalization of $1.45 billion and generates $2.38 billion in revenue each year. The construction company earns $72.35 million in net income (profit) each year or $1.15 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)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  191 (Vote Outperform)
Underperform Votes:  262 (Vote Underperform)
Total Votes:  453
MarketBeat's community ratings are surveys of what our community members think about Primoris Services and other stocks. Vote "Outperform" if you believe PRIM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PRIM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/19/2018 by MarketBeat.com Staff

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