Primoris Services Stock Forecast, Price & News

-0.83 (-3.22 %)
(As of 09/21/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume349,257 shs
Average Volume438,765 shs
Market Capitalization$1.34 billion
P/E Ratio10.60
Dividend Yield0.93%
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About Primoris Services

Primoris Services Corp. operates as a holding company, which engages in the provision of construction, fabrication, maintenance, replacement, and engineering services. It operates through the following segments: Power, Pipeline, Utilities, Transmission, and Civil. The Power segment comprises full engineering, procurement, and construction project delivery; turnkey construction; retrofits; upgrades; repairs; outages; and maintenance petroleum, petrochemical, water, and other industries. The Pipeline segment includes pipeline construction and maintenance, facility work, compressor stations, pump stations, metering facilities, and other pipeline related services for petroleum and petrochemical industries. The Utilities segment involves in the utility line installation and maintenance, gas and electric distribution, streetlight construction, substation work, and fiber optic cable installation. The Transmission segment specializes in electric and gas transmission and distribution, including comprehensive engineering, procurement, maintenance and construction, repair, and restoration of utility infrastructure. The Civil segment consists of highway and bridge construction, airport runway


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Overall MarketRank

2.95 out of 5 stars

Construction Sector

12th out of 137 stocks

Water, Sewer, & Utility Lines Industry

1st out of 7 stocks

Analyst Opinion: 3.4Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 2.5 5 -4 -3 -2 -1 -
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Primoris Services (NASDAQ:PRIM) Frequently Asked Questions

Is Primoris Services a buy right now?

4 Wall Street equities research 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. The consensus among Wall Street equities research analysts is that investors should "buy" Primoris Services stock.
View analyst ratings for Primoris Services
or view top-rated stocks.

What stocks does MarketBeat like better than Primoris Services?

Wall Street analysts have given Primoris Services a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Primoris Services wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Primoris Services?

Primoris Services saw a decline in short interest in the month of August. As of August 13th, there was short interest totaling 723,900 shares, a decline of 33.0% from the July 29th total of 1,080,000 shares. Based on an average trading volume of 393,900 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.4% of the company's stock are short sold.
View Primoris Services' Short Interest

When is Primoris Services' next earnings date?

Primoris Services is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Primoris Services

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) issued its quarterly earnings results on Tuesday, August, 3rd. The construction company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.01. The construction company had revenue of $881.61 million for the quarter, compared to the consensus estimate of $911.20 million. Primoris Services had a net margin of 3.33% and a trailing twelve-month return on equity of 15.85%.
View Primoris Services' earnings history

How has Primoris Services' stock price been impacted by COVID-19?

Primoris Services' stock was trading at $15.27 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PRIM shares have increased by 63.1% and is now trading at $24.91.
View which stocks have been most impacted by COVID-19

How often does Primoris Services pay dividends? What is the dividend yield for Primoris Services?

Primoris Services announced a quarterly dividend on Tuesday, August 3rd. Investors of record on Thursday, September 30th will be given a dividend of $0.06 per share on Friday, October 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, September 29th.
View Primoris Services' dividend history

Is Primoris Services a good dividend stock?

Primoris Services pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.93%. Primoris Services does not yet have a strong track record of dividend growth. The dividend payout ratio of Primoris Services is 10.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Primoris Services will have a dividend payout ratio of 9.09% next year. This indicates that Primoris Services will be able to sustain or increase its dividend.
View Primoris Services' dividend history.

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

Primoris Services updated its FY 2021 earnings guidance on Tuesday, August, 24th. The company provided earnings per share (EPS) guidance of $2.300-$2.500 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.460. The company issued revenue guidance of -.

What price target have analysts set for PRIM?

4 brokers have issued 1-year target prices for Primoris Services' stock. Their forecasts range from $31.00 to $42.00. On average, they anticipate Primoris Services' stock price to reach $37.00 in the next year. This suggests a possible upside of 48.5% from the stock's current price.
View analysts' price targets for Primoris Services
or view top-rated stocks among Wall Street analysts.

Who are Primoris Services' key executives?

Primoris Services' management team includes the following people:
  • Thomas E. McCormick, President, Chief Executive Officer & Director
  • John F. Moreno, Chief Operating Officer
  • Kenneth M. Dodgen, Chief Financial Officer & Executive Vice President
  • John M. Perisich, Secretary, Chief Legal Officer & Executive VP
  • Travis L. Stricker, Chief Accounting Officer & Senior Vice President

What is Brian Pratt's approval rating as Primoris Services' CEO?

23 employees have rated Primoris Services CEO Brian Pratt on Brian Pratt has an approval rating of 71% among Primoris Services' employees.

Who are some of Primoris Services' key competitors?

What other stocks do shareholders of Primoris Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Primoris Services investors own include InterDigital (IDCC), Bank of Hawaii (BOH), STAG Industrial (STAG), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Intel (INTC), Marathon Petroleum (MPC), Pfizer (PFE), The Southern (SO) and AT&T (T).

What is Primoris Services' stock symbol?

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

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.13%), BlackRock Inc. (9.05%), Van Berkom & Associates Inc. (5.95%), Dimensional Fund Advisors LP (4.44%), Macquarie Group Ltd. (3.79%) and Fuller & Thaler Asset Management Inc. (3.12%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John P Schauerman, Kenneth Morris Dodgen, Terry D Mccallister, Thomas E Tucker and Thomas Edward Mccormick.
View institutional ownership trends for Primoris Services

Which major investors are selling Primoris Services stock?

PRIM stock was sold by a variety of institutional investors in the last quarter, including Verdad Advisers LP, JPMorgan Chase & Co., Van Berkom & Associates Inc., Federated Hermes Inc., Goldman Sachs Group Inc., Prudential Financial Inc., Barrow Hanley Mewhinney & Strauss LLC, and Russell Investments Group Ltd.. Company insiders that have sold Primoris Services company stock in the last year include John P Schauerman, and Thomas E Tucker.
View insider buying and selling activity for Primoris Services
or view top insider-selling stocks.

Which major investors are buying Primoris Services stock?

PRIM stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., Invesco Ltd., Millennium Management LLC, Merewether Investment Management LP, First Trust Advisors LP, Clearbridge Investments LLC, and Bruni J V & Co. Co.. Company insiders that have bought Primoris Services stock in the last two years include Kenneth Morris Dodgen, Terry D Mccallister, and Thomas Edward Mccormick.
View insider buying and selling activity for Primoris Services
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Primoris Services' stock price today?

One share of PRIM stock can currently be purchased for approximately $24.91.

How much money does Primoris Services make?

Primoris Services has a market capitalization of $1.34 billion and generates $3.49 billion in revenue each year. The construction company earns $104.97 million in net income (profit) each year or $2.24 on an earnings per share basis.

How many employees does Primoris Services have?

Primoris Services employs 10,414 workers across the globe.

Does Primoris Services have any subsidiaries?

The following companies are subsidiares of Primoris Services: ARB Chile Ltda., ARB Inc., ARB Structures Inc., Aevenia Inc., Cardinal Contractors Inc., Coastal Field Services, Cravens Services, FSSI, Florida Gas Contractors, Future Infrastructure, James Construction Group, James Construction Group LLC, Juniper Rock Corporation, Mueller Concrete Construction Company, Northern Energy & Power, OnQuest Canada ULC, OnQuest Inc., PFMG Solar Tustin LLC, Pipe Jacking Trenchless Inc., Primoris Aevenia Inc., Primoris Design & Construction Inc., Primoris Distribution Services Inc., Primoris Electric Inc., Primoris Energy Services Corporation, Primoris T&D Services LLC, Primoris Willbros Canada ULC, Q3 Contracting Inc., Q3C, Ram-Fab, Rockford Corporation, Rockford Holdings Corporation, Rockford Pipelines Canada Inc., Saxon Construction Inc., Sprint Pipeline Services, Surber, Vadnais, Vadnais Trenchless Services Inc., WesPac Energy, Willbros Group, Willbros Group Inc., and Williams.

When was Primoris Services founded?

Primoris Services was founded in 2004.

What is Primoris Services' official website?

The official website for Primoris Services is

Where are Primoris Services' headquarters?

Primoris Services is headquartered at 2300 N. Field Street Suite1900, Dallas TX, 75201.

How can I contact Primoris Services?

Primoris Services' mailing address is 2300 N. Field Street Suite1900, Dallas TX, 75201. The construction company can be reached via phone at (214) 740-5600 or via email at [email protected].

This page was last updated on 9/21/2021 by Staff
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