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. Stockholders 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 0.86%. The ex-dividend date of this dividend is Thursday, June 28th. View Primoris Services' Dividend History.

Primoris Services announced that its board has approved a stock repurchase program 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 programs are often a sign that the company's board 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 (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.01. The construction company had revenue of $504.10 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. 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 guidance of $1.50-$1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.60.

6 Wall Street analysts have issued twelve-month target prices for Primoris Services' shares. Their forecasts range from $28.00 to $32.00. On average, they expect Primoris Services' share price to reach $30.6667 in the next year. View Analyst Ratings for 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 trading volume of 232,530 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.9% of the company's shares are short sold. View Primoris Services' Current Options Chain.

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

News headlines about PRIM stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Primoris Services earned a media sentiment score of 0.13 on Accern's scale. They also gave news articles about the construction company an impact score of 46.37 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Primoris Services' stock is owned by a number of of institutional and retail 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.

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.

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.

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 $28.05.

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.

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]