About Primoris Services Corporation (NASDAQ:PRIM)
Primoris 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
- Market Cap: $1.44021 billion
- Outstanding Shares: 51,437,000
- 50 Day Moving Avg: $28.70
- 200 Day Moving Avg: $25.53
- 52 Week Range: $18.71 - $30.00
Sales & Book Value:
- Trailing P/E Ratio: 30.39
- Foreward P/E Ratio: 19.00
- P/E Growth: 2.07
- Annual Revenue: $2.3 billion
- Price / Sales: 0.62
- Book Value: $10.08 per share
- Price / Book: 2.77
- Annual Dividend: $0.22
- Dividend Yield: 0.8%
- EBITDA: $162.46 million
- Net Margins: 2.09%
- Return on Equity: 11.30%
- Return on Assets: 4.90%
- Debt-to-Equity Ratio: 0.35%
- Current Ratio: 1.45%
- Quick Ratio: 1.36%
- 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?
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?
Some companies that are related to Primoris Services Corporation include KBR (KBR), Granite Construction Incorporated (GVA), Balfour Beatty plc (BBY), Chicago Bridge & Iron Company N.V. (CBI), Tutor Perini Corporation (TPC), Galliford Try plc (GFRD), NCI Building Systems (NCS), John Laing Group PLC (JLG), Argan (AGX), Kier Group plc (KIE), Aegion Corp (AEGN), Keller Group plc (KLR), Morgan Sindall Group PLC (MGNS), Grana y Montero S.A.A. (GRAM), USD Partners LP (USDP), Renew Holdings Plc (RNWH), Severfield PLC (SFR) and Orion Group Holdings (ORN).
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?
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?
MarketBeat Community Rating for Primoris Services Corporation (NASDAQ PRIM)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.
One share of Primoris Services Corporation stock can currently be purchased for approximately $27.93.
Consensus Ratings for Primoris Services Corporation (NASDAQ:PRIM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for Primoris Services Corporation (NASDAQ:PRIM)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/11/2017||Seaport Global Securities||Reiterated Rating||Buy||$29.00 -> $32.00||N/A|
|8/9/2017||Canaccord Genuity||Boost Price Target||Buy||$28.00 -> $30.00||Low|
|2/27/2017||DA Davidson||Reiterated Rating||Neutral||N/A|
|2/7/2017||Stephens||Initiated Coverage||Equal Weight||N/A|
|11/18/2016||Avondale Partners||Downgrade||Outperform -> Market Perform||N/A|
|11/9/2016||Wunderlich||Boost Price Target||Buy||$23.00 -> $25.00||N/A|
Earnings History for Primoris Services Corporation (NASDAQ:PRIM)Earnings History by Quarter for Primoris Services Corporation (NASDAQ PRIM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q2 2017||$0.31||$0.42||$582.82 million||$631.20 million||View||Listen|
|5/9/2017||Q1 2017||$0.14||$0.15||$517.50 million||$561.50 million||View||Listen|
|2/28/2017||Q416||$0.31||$0.28||$542.42 million||$601.90 million||View||Listen|
|11/8/2016||Q316||$0.25||$0.09||$536.07 million||$507.80 million||View||Listen|
|8/4/2016||Q216||$0.22||$0.10||$516.76 million||$456.81 million||View||N/A|
|5/5/2016||Q116||$0.06||$0.05||$423.00 million||$430.40 million||View||N/A|
|2/25/2016||Q415||$0.30||$0.24||$527.72 million||$497.10 million||View||Listen|
|11/5/2015||Q315||$0.37||$0.37||$599.28 million||$555.90 million||View||Listen|
|8/6/2015||Q215||$0.19||$0.07||$494.81 million||$483.50 million||View||Listen|
|5/5/2015||Q115||$0.13||$0.03||$434.40 million||$392.80 million||View||Listen|
|3/3/2015||Q414||$0.49||$0.17||$622.96 million||$487.60 million||View||Listen|
|11/6/2014||Q314||$0.49||$0.53||$599.03 million||$613.20 million||View||Listen|
|8/7/2014||Q214||$0.31||$0.31||$503.10 million||$515.00 million||View||N/A|
|5/6/2014||Q114||$0.20||$0.21||$460.95 million||$470.00 million||View||N/A|
|2/28/2014||Q413||$0.39||$0.44||$541.11 million||$537.90 million||View||N/A|
|11/5/2013||Q313||$0.42||$0.42||$513.78 million||$551.30 million||View||N/A|
|8/7/2013||Q2 2013||$0.29||$0.30||$451.20 million||$445.00 million||View||N/A|
|5/7/2013||Q1 2013||$0.18||$0.19||$352.60 million||$410.00 million||View||N/A|
|3/7/2013||Q4 2012||$0.30||$0.33||$402.81 million||$480.80 million||View||N/A|
|11/6/2012||Q312||$0.33||$0.34||$408.53 million||$431.80 million||View||N/A|
Earnings Estimates for Primoris Services Corporation (NASDAQ:PRIM)
2017 EPS Consensus Estimate: $1.09
2018 EPS Consensus Estimate: $1.43
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Primoris Services Corporation (NASDAQ:PRIM)
|Most Recent Dividend:||10/14/2017|
|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 History by Quarter for Primoris Services Corporation (NASDAQ PRIM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Primoris Services Corporation (NASDAQ:PRIM)
Insider Ownership Percentage: 24.00%Insider Trades by Quarter for Primoris Services Corporation (NASDAQ:PRIM)
Institutional Ownership Percentage: 69.72%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/25/2017||Peter J Moerbeek||CFO||Sell||19,778||$28.99||$573,364.22|| |
|9/21/2017||Brian Pratt||Director||Sell||225,000||$28.56||$6,426,000.00|| |
|9/20/2017||Brian Pratt||Director||Sell||88,500||$28.67||$2,537,295.00|| |
|9/15/2017||Brian Pratt||Director||Sell||255,386||$28.62||$7,309,147.32|| |
|9/13/2017||Brian Pratt||Director||Sell||146,882||$28.59||$4,199,356.38|| |
|9/12/2017||Brian Pratt||Director||Sell||181,982||$28.35||$5,159,189.70|| |
|9/11/2017||Brian Pratt||Director||Sell||108,062||$28.07||$3,033,300.34|| |
|9/8/2017||Brian Pratt||Director||Sell||311,933||$28.08||$8,759,078.64|| |
|9/7/2017||Brian Pratt||Director||Sell||105,099||$28.00||$2,942,772.00|| |
|9/6/2017||Brian Pratt||Director||Sell||105,734||$28.20||$2,981,698.80|| |
|12/14/2016||Stephen C Cook||Director||Sell||10,144||$24.00||$243,456.00|| |
|9/30/2014||Thomas E Tucker||Director||Sell||2,000||$27.19||$54,380.00|| |
|6/27/2014||Thomas E Tucker||Director||Sell||2,000||$29.06||$58,120.00|| |
|5/20/2014||Brian Pratt||CEO||Sell||745,000||$28.15||$20,971,750.00|| |
|3/21/2014||Michael Killgore||VP||Sell||8,480||$31.16||$264,236.80|| |
|3/18/2014||Eric Rosenfeld||Director||Sell||71,900||$31.04||$2,231,776.00|| |
|3/7/2014||Brian Pratt||CEO||Buy||3,864||$21.57||$83,346.48|| |
|3/7/2014||John Perisich||VP||Buy||2,512||$21.57||$54,183.84|| |
|3/7/2014||Peter Moerbeek||CFO||Buy||2,898||$21.57||$62,509.86|| |
|3/5/2014||Eric Rosenfeld||Director||Sell||21,840||$32.45||$708,708.00|| |
|12/5/2013||Thomas Tucker||Director||Sell||6,965||$21.27||$148,145.55|| |
|11/26/2013||Eric Rosenfeld||Director||Sell||3,122||$28.60||$89,289.20|| |
|9/6/2013||Michael D Killgore||VP||Sell||15,000||$23.85||$357,750.00|| |
|9/4/2013||Eric Rosenfeld||Director||Sell||9,474||$23.00||$217,902.00|| |
|8/26/2013||Eric Rosenfeld||Director||Sell||10,526||$23.13||$243,466.38|| |
|8/22/2013||Eric Rosenfeld||Director||Sell||80,000||$22.87||$1,829,600.00|| |
|6/28/2013||Eric Rosenfeld||Director||Sell||13,174||$19.96||$262,953.04|| |
|6/17/2013||Brian Pratt||CEO||Sell||824,400||$20.18||$16,636,392.00|| |
|5/24/2013||Michael D Killgore||VP||Sell||20,000||$21.41||$428,200.00|| |
|5/16/2013||Michael D Killgore||VP||Sell||20,000||$21.26||$425,200.00|| |
|3/13/2013||Perisich Family Trust Dated Ju||Insider||Buy||4,538||$11.02||$50,008.76|| |
|3/13/2013||Peter J Moerbeek||CFO||Buy||5,294||$11.02||$58,339.88|| |
|11/23/2012||Eric Rosenfeld||Director||Sell||20,348||$14.51||$295,249.48|| |
|11/13/2012||Thomas E Tucker||Director||Sell||9,000||$14.07||$126,630.00|| |
|9/14/2012||Brian Pratt||CEO||Sell||122,981||$13.14||$1,615,970.34|| |
Headline Trends for Primoris Services Corporation (NASDAQ:PRIM)
Latest Headlines for Primoris Services Corporation (NASDAQ:PRIM)
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Primoris Services Corporation (PRIM) Chart for Sunday, October, 22, 2017