NASDAQ:PRIM - Primoris Services Stock Price, News, & Analysis

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

Primoris Services declared a quarterly dividend on Wednesday, November 7th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.06 per share on Tuesday, January 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, December 28th. View Primoris Services' Dividend History.

Primoris Services announced that its Board of Directors has authorized a share repurchase plan on Friday, April 7th 2017, which authorizes the company to buyback $5,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 0.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Primoris Services Corp (NASDAQ:PRIM) announced its earnings results on Tuesday, November, 6th. The construction company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. The construction company earned $908.90 million during the quarter, compared to analysts' expectations of $789.90 million. Primoris Services had a return on equity of 10.84% and a net margin of 2.56%. The firm's quarterly revenue was up 49.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS. View Primoris Services' Earnings History.

Primoris Services is scheduled to release their next quarterly earnings announcement on Monday, February 25th 2019. View Earnings Estimates for Primoris Services.

Primoris Services issued an update on its FY18 earnings guidance on Tuesday, November, 6th. The company provided EPS guidance of $1.50-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44. Primoris Services also updated its FY 2018 guidance to $1.50-1.70 EPS.

4 equities research analysts have issued 12 month target prices for Primoris Services' stock. Their predictions range from $28.00 to $34.00. On average, they expect Primoris Services' stock price to reach $31.3333 in the next twelve months. This suggests a possible upside of 36.6% from the stock's current price. View Analyst Price Targets for Primoris Services.

4 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Primoris Services.

Media stories about PRIM stock have trended somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Primoris Services earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news headlines about the construction company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.

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

Primoris Services' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.36%), Van Berkom & Associates Inc. (5.09%), Dimensional Fund Advisors LP (4.68%), Macquarie Group Ltd. (3.65%), Thrivent Financial for Lutherans (2.69%) and Alliancebernstein L.P. (2.47%). 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 AQR Capital Management LLC, American Century Companies Inc., Panagora Asset Management Inc., TIAA CREF Investment Management LLC, Van Berkom & Associates Inc., Martingale Asset Management L P, United Services Automobile Association and Bessemer Group 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 and Stephen C Cook. View Insider Buying and Selling for Primoris Services.

PRIM stock was bought by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Thrivent Financial for Lutherans, Alliancebernstein L.P., Russell Investments Group Ltd., Renaissance Technologies LLC, BlackRock Inc., Chicago Equity Partners LLC and RK Capital Management 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 $22.94.

Primoris Services has a market capitalization of $1.21 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.

The official website for Primoris Services is http://www.primoriscorp.com.

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]