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NIH to fund unproven ALS drugs under patient-backed law
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Russia accused of 'kidnapping' head of Ukraine nuclear plant
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Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
NIH to fund unproven ALS drugs under patient-backed law
Russia blindfolds, detains Ukraine nuclear plant chief
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Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
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Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
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Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
NIH to fund unproven ALS drugs under patient-backed law
Russia blindfolds, detains Ukraine nuclear plant chief
NASDAQ:PRIM

Primoris Services - PRIM Stock Forecast, Price & News

$16.25
-0.32 (-1.93%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$16.24
$16.82
50-Day Range
$16.25
$23.36
52-Week Range
$15.90
$29.38
Volume
465,561 shs
Average Volume
511,880 shs
Market Capitalization
$864.66 million
P/E Ratio
7.22
Dividend Yield
1.45%
Price Target
$27.00

Primoris Services MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
66.2% Upside
$27.00 Price Target
Short Interest
Healthy
1.99% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.10mentions of Primoris Services in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.80%
From $2.50 to $2.87 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Construction Sector

8th out of 106 stocks

Water, Sewer, & Utility Lines Industry

1st out of 6 stocks

PRIM stock logo

About Primoris Services (NASDAQ:PRIM) Stock

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation. The Pipeline Services segment offers a range of services comprising pipeline construction, maintenance, facility, and integrity services; installation of compressor and pump stations; and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded in 1960 and is headquartered in Dallas, Texas.

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PRIM Stock News Headlines

Primoris Services (NASDAQ:PRIM) Shares Down 2.7%
Primoris Services' (NASDAQ:PRIM) Dividend Will Be $0.06
Primoris Services Pockets $270M Solar Project
Primoris Services awarded $270M solar project
Primoris Services Awarded $270 Million Solar Project
Primoris Services (PRIM) Q2 Earnings Lag Estimates
See More Headlines
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PRIM Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
8/08/2022
Ex-Dividend for 10/14 Dividend
9/29/2022
Today
10/01/2022
Dividend Payable
10/14/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Current Symbol
NASDAQ:PRIM
CUSIP
74164F10
Fax
N/A
Employees
10,810
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$27.00
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+66.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$115.61 million
Pretax Margin
4.29%

Debt

Sales & Book Value

Annual Sales
$3.50 billion
Cash Flow
$4.54 per share
Book Value
$18.40 per share

Miscellaneous

Free Float
52,467,000
Market Cap
$864.66 million
Optionable
Optionable
Beta
1.10

Social Links


Key Executives

  • Mr. Thomas E. McCormick (Age 60)
    CEO, Pres & Director
    Comp: $1.8M
  • Mr. Kenneth M. Dodgen CPA (Age 56)
    Exec. VP & CFO
    Comp: $985.42k
  • Mr. John F. Moreno Jr. (Age 53)
    Exec. VP & COO
    Comp: $1.16M
  • Mr. John M. Perisich (Age 57)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $1.06M
  • Mr. Travis L. Stricker (Age 51)
    Chief Accounting Officer & Sr. VP of Fin.
  • Ms. Brook Wootton
    VP of Investor Relations
  • Mr. Scott E. Summers (Age 64)
    Segment Pres of Pipeline Services
  • Mr. Timothy R. Healy (Age 62)
    Pres of Energy & Renewables - West
  • Mr. Jeremy R. Kinch P.E. (Age 48)
    Segment Pres of Energy & Renewables
  • Mr. Jaeson Osborn
    Segment Pres of Utilities













PRIM Stock - Frequently Asked Questions

Should I buy or sell Primoris Services stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PRIM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRIM, but not buy additional shares or sell existing shares.
View PRIM analyst ratings
or view top-rated stocks.

What is Primoris Services' stock price forecast for 2022?

3 Wall Street research analysts have issued 1 year price objectives for Primoris Services' shares. Their PRIM share price forecasts range from $24.00 to $30.00. On average, they predict the company's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 66.2% from the stock's current price.
View analysts price targets for PRIM
or view top-rated stocks among Wall Street analysts.

How have PRIM shares performed in 2022?

Primoris Services' stock was trading at $23.98 at the start of the year. Since then, PRIM shares have decreased by 32.2% and is now trading at $16.25.
View the best growth stocks for 2022 here
.

When is Primoris Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our PRIM earnings forecast
.

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) posted its earnings results on Monday, August, 8th. The construction company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.59 by $0.11. The construction company earned $1.02 billion during the quarter, compared to analysts' expectations of $938.51 million. Primoris Services had a trailing twelve-month return on equity of 10.96% and a net margin of 3.38%.

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

Primoris Services announced a quarterly dividend on Wednesday, August 3rd. Investors of record on Friday, September 30th will be given a dividend of $0.06 per share on Friday, October 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for PRIM
.

Is Primoris Services a good dividend stock?

Primoris Services (NASDAQ:PRIM) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.45%. The dividend payout ratio is 10.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRIM will have a dividend payout ratio of 8.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRIM.

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

Primoris Services updated its FY 2022 earnings guidance on Tuesday, September, 6th. The company provided earnings per share (EPS) guidance of $2.39-$2.59 for the period. The company issued revenue guidance of -.

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

23 employees have rated Primoris Services Chief Executive Officer Brian Pratt on Glassdoor.com. Brian Pratt has an approval rating of 71% among the company's employees.

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), Southern (SO) and AT&T (T).

What is Primoris Services' stock symbol?

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

How do I buy shares of Primoris Services?

Shares of PRIM stock 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 $16.25.

How much money does Primoris Services make?

Primoris Services (NASDAQ:PRIM) has a market capitalization of $864.66 million and generates $3.50 billion in revenue each year. The construction company earns $115.61 million in net income (profit) each year or $2.25 on an earnings per share basis.

How many employees does Primoris Services have?

The company employs 10,810 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.
Read More
How can I contact Primoris Services?

Primoris Services' mailing address is 2300 N. Field Street Suite1900, Dallas TX, 75201. The official website for the company is www.primoriscorp.com. The construction company can be reached via phone at (214) 740-5600 or via email at ktholking@prim.com.

This page (NASDAQ:PRIM) was last updated on 10/2/2022 by MarketBeat.com Staff

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