NASDAQ:PRIM - Primoris Services Stock Price, News, & Analysis

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$21.91 -0.27 (-1.22 %)
(As of 03/21/2019 04:00 PM ET)
Previous Close$22.18
Today's Range$21.82 - $22.54
52-Week Range$17.82 - $28.90
Volume81,132 shs
Average Volume181,773 shs
Market Capitalization$1.11 billion
P/E Ratio12.89
Dividend Yield1.08%
Beta1.44
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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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$2.94 billion
Cash Flow$3.2173 per share
Book Value$11.85 per share

Profitability

Net Income$77.46 million

Miscellaneous

Employees10,600
Market Cap$1.11 billion
Next Earnings Date5/14/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Friday, March 1st. Investors of record on Friday, March 29th will be paid a dividend of $0.06 per share on Monday, April 15th. This represents a $0.24 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, March 28th. View Primoris Services' Dividend History.

How will Primoris Services' stock buyback program work?

Primoris Services announced that its board has authorized a share buyback program on Friday, April 7th 2017, which permits the company to buyback $5,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 0.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

How were Primoris Services' earnings last quarter?

Primoris Services Corp (NASDAQ:PRIM) posted its quarterly earnings results on Thursday, February, 28th. The construction company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.01. The construction company had revenue of $877.67 million for the quarter, compared to the consensus estimate of $838.70 million. Primoris Services had a net margin of 2.64% and a return on equity of 13.91%. The firm's revenue was up 51.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. 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, May 14th 2019. View Earnings Estimates for Primoris Services.

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

Primoris Services issued an update on its FY19 earnings guidance on Thursday, February, 28th. The company provided earnings per share guidance of $1.60-1.80 for the period, compared to the Thomson Reuters consensus estimate of $1.79. Primoris Services also updated its FY 2019 guidance to $1.60-1.80 EPS.

What price target have analysts set for PRIM?

2 brokers have issued 12 month price objectives for Primoris Services' stock. Their forecasts range from $32.00 to $34.00. On average, they expect Primoris Services' stock price to reach $33.00 in the next twelve months. This suggests a possible upside of 50.6% from the stock's current price. View Analyst Price Targets for Primoris Services.

What is the consensus analysts' recommendation for 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.

Has Primoris Services been receiving favorable news coverage?

News coverage about PRIM stock has trended negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Primoris Services earned a news impact score of -2.0 on InfoTrie's scale. They also gave media headlines about the construction company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Who are some of Primoris Services' key competitors?

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

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 Banc of California (BANC), Advanced Micro Devices (AMD), ASML (ASML), Illumina (ILMN), Universal Display (OLED), PepsiCo (PEP), Playa Hotels & Resorts (PLYA), Enable Midstream Partners (ENBL), Vail Resorts (MTN) and Omnicom Group (OMC).

Who are Primoris Services' key executives?

Primoris Services' management team includes the folowing people:
  • Mr. Brian Pratt, Chairman & Sr. Strategic Advisor (Age 67)
  • Mr. David L. King, Pres, CEO & Director (Age 67)
  • Mr. Thomas E. McCormick, Exec. VP & COO (Age 57)
  • Mr. John M. Perisich, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Mr. Scott E. Summers, Group Pres of Pipeline & Underground (Age 61)

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.54%), Dimensional Fund Advisors LP (4.68%), Barrow Hanley Mewhinney & Strauss LLC (4.50%), Macquarie Group Ltd. (3.72%), Deprince Race & Zollo Inc. (3.24%) and Thrivent Financial for Lutherans (3.00%). 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 Hodges Capital Management Inc., Bank of America Corp DE, D. E. Shaw & Co. Inc., Geode Capital Management LLC, Geode Capital Management LLC, First Trust Advisors LP, Barrow Hanley Mewhinney & Strauss LLC and Martingale Asset Management L P. 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 and Stephen C Cook. View Insider Buying and Selling 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 Norges Bank, Deprince Race & Zollo Inc., Thrivent Financial for Lutherans, Millennium Management LLC, BlackRock Inc., Divisar Capital Management LLC, Dean Investment Associates LLC and GSA Capital Partners LLP. 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 $21.91.

How big of a company is Primoris Services?

Primoris Services has a market capitalization of $1.11 billion and generates $2.94 billion in revenue each year. The construction company earns $77.46 million in net income (profit) each year or $1.70 on an earnings per share basis. Primoris Services employs 10,600 workers across the globe.

What is Primoris Services' official website?

The official website for Primoris Services is http://www.primoriscorp.com.

How can I contact Primoris Services?

Primoris Services' mailing address is 2300 Field Street Suite1900, 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 (NASDAQ PRIM)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  240 (Vote Outperform)
Underperform Votes:  330 (Vote Underperform)
Total Votes:  570
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 3/21/2019 by MarketBeat.com Staff

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