NASDAQ:PRIMPrimoris Services Stock Price, Forecast & News

$17.12

+0.63 (+3.82 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$16.59

Now: $17.12▼

$17.37

50-Day Range

$13.34

MA: $14.89▼

$16.91

52-Week Range

$9.42

Now: $17.12▼

$23.73

Volume380,257 shs

Average Volume225,798 shs

Market Capitalization$826.21 million

P/E Ratio11.41

Dividend Yield1.46%

Beta1.09

Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through five segments: Power, Industrial, and Engineering; Pipeline and Underground; Utilities and Distribution; Transmission and Distribution; and Civil. The Power, Industrial, and Engineering segment offer a range of services, such as engineering, procurement, and construction project delivery, turnkey construction, retrofit, upgrade, repair, outage, and maintenance for entities in the petroleum, petrochemical, water, and other industries. The Pipeline and Underground segment provides a range of services comprising pipeline construction, pipeline maintenance, pipeline facility work, compressor station, pump station, metering facility, and other pipeline related services for entities in the petroleum and petrochemical industries. The Utilities and Distribution segment offers utility line installation and maintenance, gas and electric distribution, streetlight construction, substation work, and fiber optic cable installation services. The Transmission and Distribution segment provides services in electric and gas transmission and distribution that include comprehensive engineering, procurement, maintenance and construction, repair, and restoration of utility infrastructure. 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 and private utilities, petrochemical companies, energy companies, municipalities, state departments of transportation, and other customers. Primoris Services Corporation is headquartered in Dallas, Texas.

Beat the Market (BTM) Rank^™

1.5 Analyst's Opinion

Consensus Rating
Primoris Services has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.00, Primoris Services has a potential downside of 6.5% from its current price of $17.12.
Amount of Analyst Coverage
Primoris Services has only been the subject of 1 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Primoris Services has received 302 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Primoris Services has received 418 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Primoris Services has received 58.06% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Primoris Services is a leading dividend payer. It pays a dividend yield of 1.46%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Primoris Services has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Primoris Services is 14.91 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Primoris Services will have a dividend payout ratio of 15.29 % next year. This indicates that Primoris Services will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Primoris Services insiders have bought 107.67% more of their company's stock than they have sold. Specifically, they have bought $51,304.00 in company stock and sold $24,704.00 in company stock.
Percentage Held by Insiders
Only 1.50% of the stock of Primoris Services is held by insiders.
Percentage Held by Institutions
83.98% of the stock of Primoris Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Primoris Services are expected to grow by 28.69% in the coming year, from $1.22 to $1.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Primoris Services is 11.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Primoris Services is 11.41, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 37.90.
Price to Book Value per Share Ratio
Primoris Services has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.69 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Water, sewer, & utility lines

Sub-IndustryConstruction & Engineering

SectorConstruction

Current SymbolNASDAQ:PRIM

Previous Symbol

CUSIP74164F10

CIK1361538

Webwww.primoriscorp.com

Phone214-740-5600

Debt

Debt-to-Equity Ratio0.76

Current Ratio1.34

Quick Ratio1.34

Price-To-Earnings

Trailing P/E Ratio11.41

Forward P/E Ratio14.03

P/E GrowthN/A

Sales & Book Value

Annual Sales$3.11 billion

Price / Sales0.27

Cash Flow$3.38 per share

Price / Cash Flow5.07

Book Value$12.35 per share

Price / Book1.39

Profitability

EPS (Most Recent Fiscal Year)$1.61

Net Income$82.33 million

Net Margins2.40%

Return on Equity12.79%

Return on Assets4.38%

Miscellaneous

Employees9,700

Outstanding Shares48,260,000

Market Cap$826.21 million

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Primoris Services (NASDAQ:PRIM) Frequently Asked Questions

How has Primoris Services' stock been impacted by COVID-19 (Coronavirus)?

Primoris Services' stock was trading at $15.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PRIM shares have increased by 12.1% and is now trading at $17.12. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Primoris Services?

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

When is Primoris Services' next earnings date?

Primoris Services is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Primoris Services.

How were Primoris Services' earnings last quarter?

Primoris Services Corp (NASDAQ:PRIM) issued its earnings results on Tuesday, May, 5th. The construction company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.07. The construction company had revenue of $743.20 million for the quarter, compared to analysts' expectations of $657.80 million. Primoris Services had a return on equity of 12.79% and a net margin of 2.40%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned $0.04 earnings per share. View Primoris Services' earnings history.

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

Primoris Services announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.06 per share on Wednesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, June 29th. View Primoris Services' dividend history.

What price target have analysts set for PRIM?

2 brokers have issued 1-year price targets for Primoris Services' stock. Their forecasts range from $16.00 to $16.00. On average, they anticipate Primoris Services' share price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 6.5%. View analysts' price targets for Primoris Services.

Has Primoris Services been receiving favorable news coverage?

News articles about PRIM stock have trended somewhat negative this week, according to InfoTrie. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Primoris Services earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned media headlines about the construction company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutPrimoris Services.

Are investors shorting Primoris Services?

Primoris Services saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 430,200 shares, an increase of 31.9% from the April 15th total of 326,200 shares. Based on an average trading volume of 233,500 shares, the short-interest ratio is currently 1.8 days. Approximately 1.0% of the company's shares are short sold. View Primoris Services' Current Options Chain.

Who are some of Primoris Services' key competitors?

Some companies that are related to Primoris Services include Jacobs Engineering Group (JEC), Aecom (ACM), Quanta Services (PWR), Emcor Group (EME), KBR (KBR), MasTec (MTZ), Fluor Co. (NEW) (FLR), Dycom Industries (DY), Comfort Systems USA (FIX), Ameresco (AMRC), Granite Construction (GVA), Great Lakes Dredge & Dock (GLDD), Tutor Perini (TPC), Argan (AGX) and MYR Group (MYRG). View all 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 Wireless (IDCC), Bank of Hawaii (BOH), Stag Industrial (STAG), PepsiCo (PEP), Verizon Communications (VZ), Harley-Davidson (HOG), IBM (IBM), Marathon Petroleum (MPC), Southern (SO) and Banc of California (BANC).

Who are Primoris Services' key executives?

Primoris Services' management team includes the following people:

Mr. David L. King, CEO & Exec. Chairman (Age 67)
Mr. Thomas E. McCormick, Pres (Age 57)
Mr. Kenneth M. Dodgen, Exec. VP & CFO (Age 53)
Mr. John M. Perisich, Exec. VP, Gen. Counsel & Sec. (Age 54)
Mr. Brian Pratt, Director & Sr. Strategic Advisor (Age 67)

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 many different institutional and retail investors. Top institutional investors include Van Berkom & Associates Inc. (8.03%), BlackRock Inc. (6.37%), Wellington Management Group LLP (6.02%), Thrivent Financial for Lutherans (4.30%), Deprince Race & Zollo Inc. (3.90%) and GW&K Investment Management LLC (2.53%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John P Schauerman, Kenneth Morris Dodgen, Stephen C Cook 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 Rice Hall James & Associates LLC, Rice Hall James & Associates LLC, Alliancebernstein L.P., Morgan Stanley, First Trust Advisors LP, GW&K Investment Management LLC, Invesco Ltd., and BlackRock Inc.. Company insiders that have sold Primoris Services company stock in the last year include Brian Pratt, David Lee King, John P Schauerman, Stephen C Cook, and Thomas Edward Mccormick. View insider buying and selling activity for Primoris Services.

Which major investors are buying Primoris Services stock?

PRIM stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Van Berkom & Associates Inc., JPMorgan Chase & Co., Martingale Asset Management L P, Deprince Race & Zollo Inc., Ziegler Capital Management LLC, Bessemer Group Inc., and Eagle Asset Management Inc.. Company insiders that have bought Primoris Services stock in the last two years include Kenneth Morris Dodgen, and Thomas Edward Mccormick. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Primoris Services' stock price today?

One share of PRIM stock can currently be purchased for approximately $17.12.

How big of a company is Primoris Services?

Primoris Services has a market capitalization of $826.21 million and generates $3.11 billion in revenue each year. The construction company earns $82.33 million in net income (profit) each year or $1.61 on an earnings per share basis. Primoris Services employs 9,700 workers across the globe.

What is Primoris Services' official website?

The official website for Primoris Services is www.primoriscorp.com.

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 6/2/2020 by MarketBeat.com Staff