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NASDAQ:PRIM

Primoris Services - PRIM Stock Forecast, Price & News

$22.13
+0.08 (+0.36%)
(As of 08/12/2022 10:16 AM ET)
Add
Compare
Today's Range
$22.03
$22.31
50-Day Range
$20.68
$25.34
52-Week Range
$20.34
$29.38
Volume
1,336 shs
Average Volume
269,914 shs
Market Capitalization
$1.18 billion
P/E Ratio
9.84
Dividend Yield
1.12%
Price Target
$28.50

Primoris Services MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
29.3% Upside
$28.50 Price Target
Short Interest
Healthy
2.90% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Primoris Services in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.47%
From $2.49 to $2.90 Per Share

Overall MarketRank

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

2.94 out of 5 stars

Construction Sector

7th out of 105 stocks

Water, Sewer, & Utility Lines Industry

2nd out of 7 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.

Analysts Set New Price Targets

Separately, TheStreet cut shares of Primoris Services from a "b-" rating to a "c+" rating in a research note on Friday, June 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Primoris Services presently has an average rating of "Hold" and an average price target of $28.50.

Primoris Services Stock Up 2.8 %

PRIM Stock traded up $0.61 during trading on Friday, reaching $22.05. The stock had a trading volume of 470,392 shares, compared to its average volume of 269,914. The firm has a fifty day moving average price of $22.53 and a 200 day moving average price of $24.22. The company has a market capitalization of $1.17 billion, a P/E ratio of 9.80 and a beta of 1.06. Primoris Services has a 1-year low of $20.34 and a 1-year high of $29.38. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.62.

Primoris Services (NASDAQ:PRIM - Get Rating) last posted its earnings results on Monday, May 9th. The construction company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). Primoris Services had a return on equity of 10.96% and a net margin of 3.38%. The firm had revenue of $784.38 million during the quarter, compared to the consensus estimate of $799.18 million. During the same quarter last year, the company posted $0.32 EPS. Primoris Services's revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that Primoris Services will post 2.49 earnings per share for the current year.

Primoris Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Thursday, September 29th. Primoris Services's dividend payout ratio is currently 10.67%.

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PRIM Stock News Headlines

Primoris Services (PRIM) Q2 Earnings Lag Estimates
Primoris Services goes ex-dividend tomorrow
Primoris Services To Buy PLH Group In Deal Valued At $470 Mln Cash
Primoris Services bags $260M solar project
See More Headlines
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PRIM Company Calendar

Last Earnings
11/07/2021
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/12/2022
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
$28.50
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+28.8%
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
$4.77 per share
Book Value
$19.41 per share

Miscellaneous

Free Float
52,583,000
Market Cap
$1.18 billion
Optionable
Optionable
Beta
1.06

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 equities research 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 equities research 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 brokerages have issued 12-month price objectives for Primoris Services' stock. Their PRIM share price forecasts range from $24.00 to $33.00. On average, they anticipate the company's stock price to reach $28.50 in the next year. This suggests a possible upside of 29.3% 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 beginning of the year. Since then, PRIM shares have decreased by 8.0% and is now trading at $22.05.
View the best growth stocks for 2022 here
.

Are investors shorting Primoris Services?

Primoris Services saw a drop in short interest in July. As of July 31st, there was short interest totaling 1,240,000 shares, a drop of 20.0% from the July 15th total of 1,550,000 shares. Based on an average daily volume of 306,000 shares, the short-interest ratio is currently 4.1 days. Approximately 2.9% of the shares of the stock are sold short.
View Primoris Services' Short Interest
.

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) announced its quarterly earnings results on Sunday, November, 7th. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.03. The construction company had revenue of $913.20 million for the quarter, compared to the consensus estimate of $993.41 million. Primoris Services had a trailing twelve-month return on equity of 11.09% and a net margin of 3.38%. The company's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share.

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 paid 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 1.09%. The ex-dividend date of this dividend 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 1.12%. 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 8.28% 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 issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided 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."

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Van Berkom & Associates Inc. (4.41%), Franklin Resources Inc. (2.41%), Clearbridge Investments LLC (1.81%), Royce & Associates LP (1.60%), JPMorgan Chase & Co. (0.97%) and Bruni J V & Co. Co. (0.88%). Insiders that own company stock include Brian Pratt, David Lee King, John P Schauerman, Kenneth Morris Dodgen, Stephen C Cook, Terry D Mccallister, Thomas E Tucker and Thomas Edward Mccormick.
View institutional ownership trends
.

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 $22.05.

How much money does Primoris Services make?

Primoris Services (NASDAQ:PRIM) has a market capitalization of $1.18 billion 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

When was Primoris Services founded?

Primoris Services was founded in 2004.

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 8/12/2022 by MarketBeat.com Staff

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