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

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$28.68 +0.53 (+1.88 %)
(As of 06/18/2018 04:00 PM ET)
Previous Close$28.15
Today's Range$27.98 - $28.71
52-Week Range$23.61 - $30.00
Volume235,800 shs
Average Volume271,571 shs
Market Capitalization$1.45 billion
P/E Ratio24.86
Dividend Yield0.85%
Beta1.18

About Primoris Services (NASDAQ:PRIM)

Primoris Services logoPrimoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services in the United States and internationally. It operates through Power, Pipeline, Utilities, and Civil segments. The Power segment offer a range of engineering, procurement, and construction services, including project delivery, turnkey construction, retrofits, upgrades, repairs, outages, and maintenance for entities in the petroleum, petrochemical, water, and other industries. The Pipeline segment provides a range of services comprising pipeline construction, pipeline maintenance, pipeline facility work, compressor stations, pump stations, metering facilities, and other pipeline related services for entities in the petroleum and petrochemical industries. The Utilities segment offers utility line installation and maintenance, gas and electric distribution, streetlight construction, substation work, and fiber optic cable installation services. 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 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
SymbolNASDAQ:PRIM
CUSIP74164F10
Phone214-740-5600

Debt

Debt-to-Equity Ratio0.32
Current Ratio1.58
Quick Ratio1.58

Price-To-Earnings

Trailing P/E Ratio24.86
Forward P/E Ratio18.15
P/E Growth1.79

Sales & Book Value

Annual Sales$2.38 billion
Price / Sales0.62
Cash Flow$2.4961 per share
Price / Cash11.49
Book Value$10.93 per share
Price / Book2.62

Profitability

EPS (Most Recent Fiscal Year)$1.15
Net Income$72.35 million
Net Margins2.81%
Return on Equity9.50%
Return on Assets4.23%

Miscellaneous

Employees7,102
Outstanding Shares51,530,000

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 declared 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 dividend yield of 0.84%. The ex-dividend date is Thursday, June 28th. View Primoris Services' Dividend History.

How will Primoris Services' stock buyback program work?

Primoris Services announced that its Board of Directors has initiated a stock buyback plan on Friday, April 7th 2017, which permits the company to buyback $5,000,000.00 in 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 plans are generally an indication that the company's board of directors believes its stock is undervalued.

How were Primoris Services' earnings last quarter?

Primoris Services Corp (NASDAQ:PRIM) released its quarterly earnings data on Tuesday, May, 8th. The construction company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.01. The construction company earned $504.10 million during the quarter, compared to the consensus estimate of $485.10 million. Primoris Services had a return on equity of 9.50% and a net margin of 2.81%. The company's quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 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, August, 14th 2018. View Earnings Estimates for Primoris Services.

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

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.

What price target have analysts set for PRIM?

6 brokers have issued 12 month price objectives for Primoris Services' shares. Their predictions range from $28.00 to $32.00. On average, they anticipate Primoris Services' share price to reach $30.6667 in the next year. View Analyst Ratings for Primoris Services.

Are investors shorting Primoris Services?

Primoris Services saw a drop in short interest during the month of May. As of May 15th, there was short interest totalling 375,495 shares, a drop of 33.3% from the April 30th total of 562,965 shares. Based on an average daily trading volume, of 232,530 shares, the short-interest ratio is presently 1.6 days. Approximately 0.9% of the shares of the stock are short sold.

Who are some of Primoris Services' key competitors?

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

Who are Primoris Services' key executives?

Primoris Services' management team includes the folowing people:
  • Mr. Brian Pratt, Chairman & Sr. Strategic Advisor (Age 66)
  • Mr. David L. King, Pres, CEO & Director (Age 66)
  • Mr. Peter J. Moerbeek, Exec. VP, CFO, Principal Accounting Officer & Director (Age 70)
  • Mr. Thomas E. McCormick, Exec. VP & COO (Age 56)
  • Mr. John M. Perisich, Exec. VP, Gen. Counsel & Sec. (Age 53)

Has Primoris Services been receiving favorable news coverage?

News articles about PRIM stock have trended somewhat positive on Monday, Accern reports. The research group identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Primoris Services earned a daily sentiment score of 0.13 on Accern's scale. They also assigned media stories about the construction company an impact score of 46.85 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include VAN BERKOM & ASSOCIATES INC. (5.27%), Van Berkom & Associates Inc. (5.27%), Barrow Hanley Mewhinney & Strauss LLC (4.90%), BlackRock Inc. (4.73%), Dimensional Fund Advisors LP (4.45%) and GW&K Investment Management LLC (1.75%). 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 Millennium Management LLC, Spark Investment Management LLC, BlackRock Inc., Prudential Financial Inc., Hsbc Holdings PLC, Barclays PLC, Loomis Sayles & Co. L P and Hodges Capital Management 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, Peter J Moerbeek 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 Van Berkom & Associates Inc., Eagle Asset Management Inc., Denver Investment Advisors LLC, Barrow Hanley Mewhinney & Strauss LLC, Schwab Charles Investment Management Inc., Wells Fargo & Company MN, A.R.T. Advisors LLC and Citadel Advisors 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.

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 $28.68.

How big of a company is Primoris Services?

Primoris Services has a market capitalization of $1.45 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.

How can I contact Primoris Services?

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]


MarketBeat Community Rating for Primoris Services (PRIM)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  190 (Vote Outperform)
Underperform Votes:  262 (Vote Underperform)
Total Votes:  452
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 6/18/2018 by MarketBeat.com Staff

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