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

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

Primoris Services announced a quarterly dividend on Friday, March 1st. Investors of record on Friday, March 29th will be paid a dividend of $0.06 per share on Monday, April 15th. This represents a $0.24 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, March 28th. View Primoris Services' Dividend History.

Primoris Services announced that its board has authorized a share buyback program on Friday, April 7th 2017, which permits the company to buyback $5,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 0.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Primoris Services Corp (NASDAQ:PRIM) posted its quarterly earnings results on Thursday, February, 28th. The construction company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.01. The construction company had revenue of $877.67 million for the quarter, compared to the consensus estimate of $838.70 million. Primoris Services had a net margin of 2.64% and a return on equity of 13.91%. The firm's revenue was up 51.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. View Primoris Services' Earnings History.

Primoris Services is scheduled to release their next quarterly earnings announcement on Tuesday, May 14th 2019. View Earnings Estimates for Primoris Services.

Primoris Services issued an update on its FY19 earnings guidance on Thursday, February, 28th. The company provided earnings per share guidance of $1.60-1.80 for the period, compared to the Thomson Reuters consensus estimate of $1.79. Primoris Services also updated its FY 2019 guidance to $1.60-1.80 EPS.

2 brokers have issued 12 month price objectives for Primoris Services' stock. Their forecasts range from $32.00 to $34.00. On average, they expect Primoris Services' stock price to reach $33.00 in the next twelve months. This suggests a possible upside of 50.6% from the stock's current price. View Analyst Price Targets for 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.

News coverage about PRIM stock has trended negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Primoris Services earned a news impact score of -2.0 on InfoTrie's scale. They also gave media headlines about the construction company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Primoris Services investors own include Banc of California (BANC), Advanced Micro Devices (AMD), ASML (ASML), Illumina (ILMN), Universal Display (OLED), PepsiCo (PEP), Playa Hotels & Resorts (PLYA), Enable Midstream Partners (ENBL), Vail Resorts (MTN) and Omnicom Group (OMC).

Primoris Services' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.54%), Dimensional Fund Advisors LP (4.68%), Barrow Hanley Mewhinney & Strauss LLC (4.50%), Macquarie Group Ltd. (3.72%), Deprince Race & Zollo Inc. (3.24%) and Thrivent Financial for Lutherans (3.00%). 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 Hodges Capital Management Inc., Bank of America Corp DE, D. E. Shaw & Co. Inc., Geode Capital Management LLC, Geode Capital Management LLC, First Trust Advisors LP, Barrow Hanley Mewhinney & Strauss LLC and Martingale Asset Management L P. 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 purchased by a variety of institutional investors in the last quarter, including Norges Bank, Deprince Race & Zollo Inc., Thrivent Financial for Lutherans, Millennium Management LLC, BlackRock Inc., Divisar Capital Management LLC, Dean Investment Associates LLC and GSA Capital Partners LLP. 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 $21.91.

Primoris Services has a market capitalization of $1.11 billion and generates $2.94 billion in revenue each year. The construction company earns $77.46 million in net income (profit) each year or $1.70 on an earnings per share basis. Primoris Services employs 10,600 workers across the globe.

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

Primoris Services' mailing address is 2300 Field Street Suite1900, DALLAS TX, 75201. The construction company can be reached via phone at 214-740-5600 or via email at [email protected]