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

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

Primoris Services declared a quarterly dividend on Wednesday, November 7th. Investors of record on Monday, December 31st will be given a dividend of $0.06 per share on Tuesday, January 15th. This represents a $0.24 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, December 28th. View Primoris Services' Dividend History.

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

Primoris Services Corp (NASDAQ:PRIM) released its earnings results on Tuesday, November, 6th. The construction company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. The construction company had revenue of $908.90 million for the quarter, compared to the consensus estimate of $789.90 million. Primoris Services had a net margin of 2.56% and a return on equity of 10.84%. The company's quarterly revenue was up 49.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 earnings per share. View Primoris Services' Earnings History.

Primoris Services is scheduled to release their next quarterly earnings announcement on Monday, February 25th 2019. View Earnings Estimates for Primoris Services.

Primoris Services updated its FY18 earnings guidance on Tuesday, November, 6th. The company provided earnings per share guidance of $1.50-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.44. Primoris Services also updated its FY 2018 guidance to $1.50-1.70 EPS.

4 brokerages have issued 12 month price targets for Primoris Services' shares. Their predictions range from $28.00 to $34.00. On average, they expect Primoris Services' stock price to reach $31.3333 in the next year. This suggests a possible upside of 41.8% from the stock's current price. View Analyst Price Targets for Primoris Services.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Primoris Services.

Headlines about PRIM stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Primoris Services earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned press coverage about the construction company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

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

Primoris Services' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc (7.30%), Vanguard Group Inc. (7.30%), BlackRock Inc. (5.36%), Van Berkom & Associates Inc. (5.09%), Dimensional Fund Advisors LP (4.68%) and Macquarie Group Ltd. (3.65%). 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.

PRIM stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, American Century Companies Inc., Panagora Asset Management Inc., TIAA CREF Investment Management LLC, Van Berkom & Associates Inc., Martingale Asset Management L P, United Services Automobile Association and Bessemer Group 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 and Stephen C Cook. View Insider Buying and Selling for Primoris Services.

PRIM stock was bought by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Thrivent Financial for Lutherans, Alliancebernstein L.P., Russell Investments Group Ltd., Renaissance Technologies LLC, BlackRock Inc., Chicago Equity Partners LLC and RK Capital Management 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.

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.

One share of PRIM stock can currently be purchased for approximately $22.10.

Primoris Services has a market capitalization of $1.13 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.

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

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]