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

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

Primoris Services announced a quarterly dividend on Wednesday, May 9th. Investors of record on Friday, June 29th will be given 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 0.86%. The ex-dividend date is Thursday, June 28th. View Primoris Services' Dividend History.

Primoris Services declared that its Board of Directors has initiated a stock buyback program 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 repurchase up to 0.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Primoris Services Corp (NASDAQ:PRIM) announced its quarterly earnings results on Tuesday, May, 8th. The construction company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The construction company had revenue of $504.10 million for the quarter, compared to the consensus estimate of $485.10 million. Primoris Services had a net margin of 2.81% and a return on equity of 9.50%. The company's revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share. View Primoris Services' Earnings History.

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

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

6 brokers have issued 12 month price objectives for Primoris Services' shares. Their predictions range from $28.00 to $34.00. On average, they anticipate Primoris Services' stock price to reach $31.50 in the next year. This suggests a possible upside of 12.3% from the stock's current price. View Analyst Ratings for Primoris Services.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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

Headlines about PRIM stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. 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 daily sentiment score of 0.24 on Accern's scale. They also gave press coverage about the construction company an impact score of 47.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Primoris Services' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include VAN BERKOM & ASSOCIATES INC. (5.27%), Bank of Montreal Can (0.08%) and James Investment Research Inc. (0.03%). 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 James Investment Research Inc. and Bank of Montreal Can. 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.

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 $28.04.

Primoris Services has a market capitalization of $1.44 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.

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]