Primoris Services Corporation Company Profile (NASDAQ:PRIM)

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

Primoris Services Corporation declared a quarterly dividend on Wednesday, August 9th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.055 per share on Saturday, October 14th. This represents a $0.22 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 28th. View Primoris Services Corporation's Dividend History.

Primoris Services Corporation declared that its Board of Directors has approved a share repurchase plan on Friday, April 7th 2017, which permits the company to repurchase $5,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 0.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Primoris Services Corporation (NASDAQ:PRIM) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.11. The business earned $631.20 million during the quarter, compared to analysts' expectations of $582.82 million. Primoris Services Corporation had a return on equity of 11.30% and a net margin of 2.09%. The company's quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. View Primoris Services Corporation's Earnings History.

Primoris Services Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 14th 2017. View Earnings Estimates for Primoris Services Corporation.

Primoris Services Corporation updated its FY17 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $1.05-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.15.

8 brokerages have issued twelve-month price targets for Primoris Services Corporation's stock. Their predictions range from $25.00 to $32.00. On average, they anticipate Primoris Services Corporation's stock price to reach $28.00 in the next twelve months. View Analyst Ratings for Primoris Services Corporation.

Here are some recent quotes from research analysts about Primoris Services Corporation stock:

• 1. According to Zacks Investment Research, "Primoris Services Corporation, through various subsidiaries, operates as one of the largest specialty contractors and infrastructure companies in the United States. The Company provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, and other customers. It operates through three segments: East Construction Services; West Construction Services; and Engineering. Primoris Services Corporation is headquartered in Dallas, Texas. " (10/18/2017)
• 2. Canaccord Genuity analysts commented, "We maintain our estimates slightly above the guided range for 2017, following a strong Q4 that delivered upside and record backlog. With a general broadening of positive trends, a strong outlook for large diameter pipeline and MSA work, and a better environment for Texas Heavy Civil, we believe Primoris remains well positioned to deliver upside to consensus estimates. Our price target remains $28. Investment highlights PRIM reported Q4/16 results of $601.9M in revenues and $0.28 in EPS. Revenues were ahead of our estimates and consensus of $534.4M and $536M, respectively, on higher-than-expected West segment contributions from the company’s two ongoing Rockford pipeline projects in Florida while reported EPS was in line with our prior estimate and below consensus of $0.31. The lower-than-expected EPS stemmed from a lower-than-anticipated gross margin and greater-than-expected Opex. PRIM reported a total backlog of $2.8B, of which $1.8B is expected to be converted to revenues this year. The total backlog increased 32% Y/Y." (2/24/2017)

Some companies that are related to Primoris Services Corporation include KBR (KBR), Granite Construction Incorporated (GVA), Balfour Beatty plc (BBY), Chicago Bridge & Iron Company N.V. (CBI), Tutor Perini Corporation (TPC), Galliford Try plc (GFRD), NCI Building Systems (NCS), John Laing Group PLC (JLG), Argan (AGX), Kier Group plc (KIE), Aegion Corp (AEGN), Keller Group plc (KLR), Morgan Sindall Group PLC (MGNS), Grana y Montero S.A.A. (GRAM), USD Partners LP (USDP), Renew Holdings Plc (RNWH), Severfield PLC (SFR) and Orion Group Holdings (ORN).

Primoris Services Corporation's management team includes the folowing people:

• Brian Pratt, Chairman of the Board
• David L. King, President, Chief Executive Officer, Director
• Peter J. Moerbeek, Chief Financial Officer, Executive Vice President, Director
• Thomas E. McCormick, Chief Operating Officer
• John M. Perisich, Executive Vice President, General Counsel
• Stephen C. Cook, Lead Independent Director
• Peter Cummins Brown, Independent Director
• John P. Schauerman, Independent Director
• Robert A. Tintsman, Independent Director
• Thomas E. Tucker, Independent Director

Primoris Services Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Meeder Asset Management Inc. (0.01%). Company insiders that own Primoris Services Corporation stock include Brian Pratt, Peter J Moerbeek and Stephen C Cook. View Institutional Ownership Trends for Primoris Services Corporation.

Primoris Services Corporation's stock was bought by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc.. View Insider Buying and Selling for Primoris Services Corporation.

Shares of Primoris Services Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Primoris Services Corporation stock can currently be purchased for approximately $27.93.