NASDAQ:PRIMPrimoris Services Stock Price, Forecast & News

Primoris Services' stock was trading at $15.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PRIM stock has increased by 5.3% and is now trading at $16.08. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Primoris Services.

Primoris Services is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Primoris Services.

Primoris Services Corp (NASDAQ:PRIM) announced its quarterly earnings data on Tuesday, May, 5th. The construction company reported ($0.08) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.01) by $0.07. The construction company earned $743.20 million during the quarter, compared to analyst estimates of $657.80 million. Primoris Services had a net margin of 2.40% and a return on equity of 12.79%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 earnings per share. View Primoris Services' earnings history.

Primoris Services announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.06 per share on Wednesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, June 29th. View Primoris Services' dividend history.

3 brokers have issued 1 year price targets for Primoris Services' shares. Their forecasts range from $16.00 to $16.00. On average, they expect Primoris Services' stock price to reach $16.00 in the next year. This suggests that the stock has a possible downside of 0.5%. View analysts' price targets for Primoris Services.

News stories about PRIM stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Primoris Services earned a daily sentiment score of 1.3 on InfoTrie's scale. They also gave media coverage about the construction company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Primoris Services.

Primoris Services saw a increase in short interest in June. As of June 30th, there was short interest totaling 363,100 shares, an increase of 5.6% from the June 15th total of 343,900 shares. Based on an average trading volume of 278,300 shares, the short-interest ratio is presently 1.3 days. Approximately 0.8% of the shares of the stock are sold short. View Primoris Services' Current Options Chain.

Some companies that are related to Primoris Services include Jacobs Engineering Group (JEC), Aecom (ACM), Quanta Services (PWR), Emcor Group (EME), KBR (KBR), MasTec (MTZ), Fluor Co. (NEW) (FLR), Comfort Systems USA (FIX), Ameresco (AMRC), Dycom Industries (DY), Granite Construction (GVA), Argan (AGX), Tutor Perini (TPC), Great Lakes Dredge & Dock (GLDD) and MYR Group (MYRG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Primoris Services investors own include InterDigital Wireless (IDCC), Bank of Hawaii (BOH), Stag Industrial (STAG), PepsiCo (PEP), Verizon Communications (VZ), Harley-Davidson (HOG), IBM (IBM), Marathon Petroleum (MPC), Southern (SO) and Banc of California (BANC).

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

Primoris Services' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.06%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John P Schauerman, Kenneth Morris Dodgen, 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 Envestnet Asset Management Inc.. Company insiders that have sold Primoris Services company stock in the last year include Brian Pratt, David Lee King, John P Schauerman, Stephen C Cook, and Thomas Edward Mccormick. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of PRIM stock can currently be purchased for approximately $16.08.

Primoris Services has a market capitalization of $776.02 million and generates $3.11 billion in revenue each year. The construction company earns $82.33 million in net income (profit) each year or $1.61 on an earnings per share basis. Primoris Services employs 9,700 workers across the globe.

The official website for Primoris Services is www.primoriscorp.com.

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