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: $1.49281 billion
- Outstanding Shares: 51,437,000
- 50 Day Moving Avg: $27.08
- 200 Day Moving Avg: $24.69
- 52 Week Range: $18.71 - $30.00
Sales & Book Value:
- Trailing P/E Ratio: 31.50
- Foreward P/E Ratio: 19.53
- P/E Growth: 2.13
- Annual Revenue: $2.3 billion
- Price / Sales: 0.64
- Book Value: $10.08 per share
- Price / Book: 2.83
- Annual Dividend: $0.22
- Dividend Yield: 0.8%
- EBIDTA: $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: 206,627 shs.
- Beta: 1.56
- 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 announced a quarterly dividend on Wednesday, August 9th. Investors 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 dividend on an annualized basis and a dividend yield of 0.77%. 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 announced that its board has approved a share buyback plan on Friday, April 7th 2017, which allows the company to buyback $5,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 0.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its stock is undervalued.
How were Primoris Services Corporation's earnings last quarter?
Primoris Services Corporation (NASDAQ:PRIM) issued its quarterly earnings data on Tuesday, August, 8th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.11. The business earned $631.20 million during the quarter, compared to analyst estimates of $582.82 million. Primoris Services Corporation had a net margin of 2.09% and a return on equity of 11.30%. The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 issued an update on its FY17 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (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?
7 brokerages have issued 12-month price targets for Primoris Services Corporation's stock. Their forecasts range from $25.00 to $30.00. On average, they anticipate Primoris Services Corporation's share price to reach $26.67 in the next year. 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. " (8/11/2017)
- 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), John Laing Group PLC (JLG), Kier Group plc (KIE), NCI Building Systems (NCS), Argan (AGX), Aegion Corp (AEGN), Grana y Montero S.A.A. (GRAM), Morgan Sindall Group PLC (MGNS), Keller Group plc (KLR), USD Partners LP (USDP), Renew Holdings Plc (RNWH), Severfield PLC (SFR) and Carillion plc (CLLN).
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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.17%), Van Berkom & Associates Inc. (4.61%), Dimensional Fund Advisors LP (4.17%), Macquarie Group Ltd. (3.72%), RE Advisers Corp (3.43%) and Lord Abbett & CO. LLC (2.63%). Company insiders that own Primoris Services Corporation stock include Brian Pratt and Stephen C Cook. View Institutional Ownership Trends for Primoris Services Corporation.
Who sold Primoris Services Corporation stock? Who is selling Primoris Services Corporation stock?
Primoris Services Corporation's stock was sold by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Eagle Asset Management Inc., Ameriprise Financial Inc., Russell Investments Group Ltd., First Trust Advisors LP, Hodges Capital Management Inc., Vanguard Group Inc. and Emerald Advisers Inc. PA. Company insiders that have sold Primoris Services Corporation stock in the last year include Brian Pratt and Stephen C Cook. View Insider Buying and Selling for Primoris Services Corporation.
Who bought Primoris Services Corporation stock? Who is buying Primoris Services Corporation stock?
Primoris Services Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., Bar Harbor Trust Services, Value Holdings Management CO. LLC, Goldman Sachs Group Inc., OxFORD Asset Management LLP, Susquehanna International Group LLP, Macquarie Group Ltd. and Dynamic Technology Lab Private Ltd. 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?
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 $28.52.
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, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.29)|
|Consensus Price Target: ||$26.67 (6.50% downside)|
Analysts' Ratings History for Primoris Services Corporation (NASDAQ:PRIM)
(Data available from 9/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|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|
|8/25/2016||Seaport Global Securities||Upgrade||Neutral -> Buy||$20.00 -> $24.00||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: $1.10
2018 EPS Consensus Estimate: $1.34
(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)
|Payout Ratio:||23.40% (Trailing 12 Months of Earnings) |
18.64% (Based on This Year's Estimates)
15.07% (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|
|9/15/2017||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)
Primoris Services Corporation (PRIM) Chart for Thursday, September, 21, 2017