NASDAQ:PRIM

Primoris Services Stock Forecast, Price & News

$24.94

-0.83 (-3.22 %)

(As of 09/28/2021 03:35 PM ET)

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Today's Range

$24.90

▼

$25.77

50-Day Range

$23.86

▼

$30.28

52-Week Range

$17.27

▼

$41.76

Volume7,907 shs

Average Volume448,475 shs

Market Capitalization$1.34 billion

P/E Ratio10.61

Dividend Yield0.96%

Beta1.24

30 days | 90 days | 365 days | Advanced Chart

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About Primoris Services

Primoris Services Corp. operates as a holding company, which engages in the provision of construction, fabrication, maintenance, replacement, and engineering services. It operates through the following segments: Power, Pipeline, Utilities, Transmission, and Civil. The Power segment comprises full engineering, procurement, and construction project delivery; turnkey construction; retrofits; upgrades; repairs; outages; and maintenance petroleum, petrochemical, water, and other industries. The Pipeline segment includes pipeline construction and maintenance, facility work, compressor stations, pump stations, metering facilities, and other pipeline related services for petroleum and petrochemical industries. The Utilities segment involves in the utility line installation and maintenance, gas and electric distribution, streetlight construction, substation work, and fiber optic cable installation. The Transmission segment specializes in electric and gas transmission and distribution, including comprehensive engineering, procurement, maintenance and construction, repair, and restoration of utility infrastructure. The Civil segment consists of highway and bridge construction, airport runway

Primoris Services (NASDAQ:PRIM) Trading Up 4.2%
September 24, 2021 | americanbankingnews.com

Primoris Services (NASDAQ:PRIM) Shares Down 5.1%
September 22, 2021 | americanbankingnews.com

Primoris Services (NASDAQ:PRIM) versus Roth CH Acquisition III (NASDAQ:ROCR) Critical Comparison
September 18, 2021 | americanbankingnews.com

3 Top Small-Cap Stocks to Buy in September
September 10, 2021 | finance.yahoo.com

Primoris Services Corporation to Participate in the D|A| Davidson 20th Annual Diversified Industrials & Services Virtual Conference
September 7, 2021 | finance.yahoo.com

These 4 Measures Indicate That Primoris Services (NASDAQ:PRIM) Is Using Debt Reasonably Well
September 7, 2021 | nasdaq.com

Primoris Services (NASDAQ:PRIM) Has Announced A Dividend Of US$0.06
September 7, 2021 | finance.yahoo.com

Primoris Services (NASDAQ:PRIM) Sees Large Volume Increase
September 3, 2021 | americanbankingnews.com

Primoris Services Corporation to Participate in the Morgan Stanley 9th Annual Laguna Virtual Investor Conference
September 1, 2021 | finance.yahoo.com

2Q21 Earnings Reveal An Opportunity Is Building For Primoris Services
September 1, 2021 | forbes.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Water, sewer, & utility lines
Sub-Industry: Construction & Engineering
Sector: Construction
Current Symbol: NASDAQ:PRIM
Previous Symbol
CUSIP: 74164F10
CIK: 1361538
Web: www.primoriscorp.com
Phone: (214) 740-5600
Employees: 10,414
Year Founded: 2004

Sales & Book Value

Annual Sales: $3.49 billion
Price / Sales: 0.38
Cash Flow: $3.83 per share
Price / Cash Flow: 6.51
Book Value: $14.86 per share
Price / Book: 1.68

Profitability

EPS (Most Recent Fiscal Year): $2.24
Net Income: $104.97 million
Net Margins: 3.33%
Return on Equity: 15.85%
Return on Assets: 5.71%

Debt

Debt-to-Equity Ratio: 0.63
Current Ratio: 1.44
Quick Ratio: 1.44

Price-To-Earnings

Trailing P/E Ratio: 10.61
Forward P/E Ratio: 10.39
P/E Growth: N/A

Miscellaneous

Outstanding Shares: 53,731,000
Market Cap: $1.34 billion
Next Earnings Date: 11/4/2021 (Estimated)
Optionable: Optionable

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MarketRank^™

Overall MarketRank^™

2.95 out of 5 stars

Construction Sector

10th out of 137 stocks

Water, Sewer, & Utility Lines Industry

1st out of 7 stocks

3.4 Analyst's Opinion

Consensus Rating
Primoris Services has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.00, Primoris Services has a forecasted upside of 46.9% from its current price of $25.19.
Amount of Analyst Coverage
Primoris Services has only been the subject of 3 research reports in the past 90 days.

3.9 Community Rank

Outperform Votes
Primoris Services has received 313 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Primoris Services has received 218 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Primoris Services has received 58.95% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Primoris Services and other stocks. Vote “Outperform” if you believe PRIM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PRIM will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Primoris Services has a dividend yield of 0.96%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Primoris Services has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Primoris Services is 10.71%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Primoris Services will have a dividend payout ratio of 9.09% next year. This indicates that Primoris Services will be able to sustain or increase its dividend.

3.3 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Primoris Services insiders have bought more of their company's stock than they have sold. Specifically, they have bought $246,100.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.50% of the stock of Primoris Services is held by insiders.
Percentage Held by Institutions
87.41% of the stock of Primoris Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Primoris Services are expected to grow by 10.00% in the coming year, from $2.40 to $2.64 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Primoris Services is 10.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Primoris Services is 10.72, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 18.73.
Price to Book Value per Share Ratio
Primoris Services has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Primoris Services (NASDAQ:PRIM) Frequently Asked Questions

Is Primoris Services a buy right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Primoris Services stock.
View analyst ratings for Primoris Services or view top-rated stocks.
What stocks does MarketBeat like better than Primoris Services?: Wall Street analysts have given Primoris Services a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Primoris Services wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.
Are investors shorting Primoris Services?: Primoris Services saw a decrease in short interest during the month of August. As of August 13th, there was short interest totaling 723,900 shares, a decrease of 33.0% from the July 29th total of 1,080,000 shares. Based on an average daily trading volume, of 393,900 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.4% of the company's shares are short sold.
View Primoris Services' Short Interest.
When is Primoris Services' next earnings date?: Primoris Services is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Primoris Services.
How were Primoris Services' earnings last quarter?: Primoris Services Co. (NASDAQ:PRIM) posted its quarterly earnings data on Tuesday, August, 3rd. The construction company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.69 by $0.01. The construction company earned $881.61 million during the quarter, compared to analysts' expectations of $911.20 million. Primoris Services had a net margin of 3.33% and a trailing twelve-month return on equity of 15.85%.
View Primoris Services' earnings history.
How has Primoris Services' stock price been impacted by COVID-19?: Primoris Services' stock was trading at $15.27 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PRIM shares have increased by 65.0% and is now trading at $25.19.
View which stocks have been most impacted by COVID-19.
How often does Primoris Services pay dividends? What is the dividend yield for Primoris Services?: Primoris Services declared a quarterly dividend on Tuesday, August 3rd. Investors of record on Thursday, September 30th will be paid a dividend of $0.06 per share on Friday, October 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, September 29th.
View Primoris Services' dividend history.
Is Primoris Services a good dividend stock?: Primoris Services pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.96%. Primoris Services does not yet have a strong track record of dividend growth. The dividend payout ratio of Primoris Services is 10.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Primoris Services will have a dividend payout ratio of 9.09% next year. This indicates that Primoris Services will be able to sustain or increase its dividend.
View Primoris Services' dividend history.
What guidance has Primoris Services issued on next quarter's earnings?: Primoris Services updated its FY 2021 earnings guidance on Tuesday, August, 24th. The company provided earnings per share guidance of $2.300-$2.500 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.460. The company issued revenue guidance of -.
What price target have analysts set for PRIM?: 4 equities research analysts have issued 12 month target prices for Primoris Services' stock. Their forecasts range from $31.00 to $42.00. On average, they anticipate Primoris Services' stock price to reach $37.00 in the next twelve months. This suggests a possible upside of 46.9% from the stock's current price.
View analysts' price targets for Primoris Services or view top-rated stocks among Wall Street analysts.
Who are Primoris Services' key executives?: Primoris Services' management team includes the following people:
Thomas E. McCormick, President, Chief Executive Officer & Director
John F. Moreno, Chief Operating Officer
Kenneth M. Dodgen, Chief Financial Officer & Executive Vice President
John M. Perisich, Secretary, Chief Legal Officer & Executive VP
Travis L. Stricker, Chief Accounting Officer & Senior Vice President
What is Brian Pratt's approval rating as Primoris Services' CEO?: 23 employees have rated Primoris Services CEO Brian Pratt on Glassdoor.com. Brian Pratt has an approval rating of 71% among Primoris Services' employees.
Who are some of Primoris Services' key competitors?: Some companies that are related to Primoris Services include Quanta Services (PWR), AECOM (ACM), MasTec (MTZ), EMCOR Group (EME), KBR (KBR), Ameresco (AMRC), Comfort Systems USA (FIX), Fluor (FLR), Dycom Industries (DY), Granite Construction (GVA), MYR Group (MYRG), Great Lakes Dredge & Dock (GLDD), Argan (AGX), Tutor Perini (TPC) and Sterling Construction (STRL).
View all of PRIM's competitors.
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), The 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.13%), BlackRock Inc. (9.05%), Van Berkom & Associates Inc. (5.95%), Dimensional Fund Advisors LP (4.44%), Macquarie Group Ltd. (3.79%) and Fuller & Thaler Asset Management Inc. (3.12%). Company insiders that own Primoris Services stock include Brian Pratt, David Lee King, John P Schauerman, Kenneth Morris Dodgen, Terry D Mccallister, Thomas E Tucker and Thomas Edward Mccormick.
View institutional ownership trends for Primoris Services.
Which major investors are selling Primoris Services stock?: PRIM stock was sold by a variety of institutional investors in the last quarter, including Verdad Advisers LP, JPMorgan Chase & Co., Van Berkom & Associates Inc., Federated Hermes Inc., Goldman Sachs Group Inc., Prudential Financial Inc., Barrow Hanley Mewhinney & Strauss LLC, and Russell Investments Group Ltd.. Company insiders that have sold Primoris Services company stock in the last year include John P Schauerman, and Thomas E Tucker.
View insider buying and selling activity for Primoris Services or view top insider-selling stocks.
Which major investors are buying Primoris Services stock?: PRIM stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., Invesco Ltd., Millennium Management LLC, Merewether Investment Management LP, First Trust Advisors LP, Clearbridge Investments LLC, and Bruni J V & Co. Co.. Company insiders that have bought Primoris Services stock in the last two years include Kenneth Morris Dodgen, Terry D Mccallister, and Thomas Edward Mccormick.
View insider buying and selling activity for Primoris Services or or view top insider-buying stocks.
How do I buy shares of 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 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 $25.19.
How much money does Primoris Services make?: Primoris Services has a market capitalization of $1.35 billion and generates $3.49 billion in revenue each year. The construction company earns $104.97 million in net income (profit) each year or $2.24 on an earnings per share basis.
How many employees does Primoris Services have?: Primoris Services employs 10,414 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.
When was Primoris Services founded?: Primoris Services was founded in 2004.
What is Primoris Services' official website?: The official website for Primoris Services is www.primoriscorp.com.
Where are Primoris Services' headquarters?: Primoris Services is headquartered at 2300 N. Field Street Suite1900, Dallas TX, 75201.
How can I contact Primoris Services?: 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].

This page was last updated on 9/28/2021 by MarketBeat.com Staff

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Primoris Services Stock Forecast, Price & News

About Primoris Services

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links

MarketRank™

Overall MarketRank™

3.4 Analyst's Opinion

3.9 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

1.7 Dividend Strength

3.3 Company Ownership

2.5 Earnings and Valuation

Primoris Services (NASDAQ:PRIM) Frequently Asked Questions

Is Primoris Services a buy right now?

What stocks does MarketBeat like better than Primoris Services?

Are investors shorting Primoris Services?

When is Primoris Services' next earnings date?

How were Primoris Services' earnings last quarter?

How has Primoris Services' stock price been impacted by COVID-19?

How often does Primoris Services pay dividends? What is the dividend yield for Primoris Services?

Is Primoris Services a good dividend stock?

What guidance has Primoris Services issued on next quarter's earnings?

What price target have analysts set for PRIM?

Who are Primoris Services' key executives?

What is Brian Pratt's approval rating as Primoris Services' CEO?

Who are some of Primoris Services' key competitors?

What other stocks do shareholders of Primoris Services own?

What is Primoris Services' stock symbol?

Who are Primoris Services' major shareholders?

Which major investors are selling Primoris Services stock?

Which major investors are buying Primoris Services stock?

How do I buy shares of Primoris Services?

What is Primoris Services' stock price today?

How much money does Primoris Services make?

How many employees does Primoris Services have?

Does Primoris Services have any subsidiaries?

When was Primoris Services founded?

What is Primoris Services' official website?

Where are Primoris Services' headquarters?

How can I contact Primoris Services?

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