S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
NASDAQ:PRIM

Primoris Services (PRIM) Stock Forecast, Price & News

$23.72
+0.70 (+3.04%)
(As of 05/17/2022 04:00 PM ET)
Add
Compare
Today's Range
$23.31
$24.00
50-Day Range
$21.76
$27.75
52-Week Range
$21.47
$34.02
Volume
268,419 shs
Average Volume
445,631 shs
Market Capitalization
$1.26 billion
P/E Ratio
11.92
Dividend Yield
1.04%
Beta
1.07
30 days | 90 days | 365 days | Advanced Chart
Receive PRIM News and Ratings via Email

Sign-up to receive the latest news and ratings for Primoris Services and its competitors with MarketBeat's FREE daily newsletter.

Primoris Services logo

About Primoris Services

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.

Headlines

See More Headlines

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

Sales & Book Value

Annual Sales
$3.50 billion
Cash Flow
$4.80 per share
Book Value
$18.40 per share

Profitability

Net Income
$115.61 million
Pretax Margin
4.08%

Debt

Price-To-Earnings

Miscellaneous

Free Float
52,583,000
Market Cap
$1.26 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/14 Dividend
3/30/2022
Dividend Payable
4/14/2022
Last Earnings
5/09/2022
Today
5/18/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.67 out of 5 stars

Construction Sector

33rd out of 137 stocks

Water, Sewer, & Utility Lines Industry

2nd out of 8 stocks

Analyst Opinion: 3.3Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













Primoris Services (NASDAQ:PRIM) Frequently Asked Questions

Is Primoris Services a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last twelve months. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Primoris Services stock.
View analyst ratings for Primoris Services
or view top-rated stocks.

When is Primoris Services' next earnings date?

Primoris Services is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Primoris Services
.

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) released its quarterly earnings data on Monday, May, 9th. The construction company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by $0.09. The construction company had revenue of $784.38 million for the quarter, compared to analyst estimates of $799.18 million. Primoris Services had a trailing twelve-month return on equity of 12.33% and a net margin of 3.12%. The company's revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share.
View Primoris Services' earnings history
.

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

Primoris Services declared a quarterly dividend on Wednesday, May 11th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.06 per share on Friday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, June 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 1.04%. The dividend payout ratio of Primoris Services is 12.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Primoris Services will have a dividend payout ratio of 8.76% 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 2022 earnings guidance on Monday, May, 16th. The company provided EPS guidance of $2.49-$2.69 for the period, compared to the consensus earnings per share estimate of $2.24. The company issued revenue guidance of -.

What price target have analysts set for PRIM?

4 Wall Street analysts have issued 1-year price targets for Primoris Services' stock. Their forecasts range from $24.00 to $38.00. On average, they anticipate Primoris Services' stock price to reach $31.67 in the next year. This suggests a possible upside of 33.5% 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:
  • Mr. Thomas E. McCormick, CEO, Pres & Director (Age 60, Pay $1.8M)
  • Mr. Kenneth M. Dodgen CPA, Exec. VP & CFO (Age 56, Pay $985.42k)
  • Mr. John F. Moreno Jr., Exec. VP & COO (Age 53, Pay $1.16M)
  • Mr. John M. Perisich, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 57, Pay $1.06M)
  • Mr. Travis L. Stricker, Chief Accounting Officer & Sr. VP of Fin. (Age 51)
  • Ms. Brook Wootton, VP of Investor Relations
  • Mr. Scott E. Summers, Segment Pres of Pipeline Services (Age 64)
  • Mr. Timothy R. Healy, Pres of Energy & Renewables - West (Age 62)
  • Mr. Jeremy R. Kinch P.E., Segment Pres of Energy & Renewables (Age 48)
  • Mr. Jaeson Osborn, Segment Pres of Utilities
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.

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.43%), Wellington Management Group LLP (9.14%), BlackRock Inc. (8.71%), Dimensional Fund Advisors LP (4.90%), Van Berkom & Associates Inc. (4.76%) and Invesco Ltd. (4.16%). Company insiders that own Primoris Services stock include David Lee King, John P Schauerman, Terry D Mccallister and Thomas E Tucker.
View institutional ownership trends for Primoris Services
.

Which institutional investors are selling Primoris Services stock?

PRIM stock was sold by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., Fuller & Thaler Asset Management Inc., Vanguard Group Inc., Goldman Sachs Group Inc., BlackRock Inc., Royce & Associates LP, Victory Capital Management Inc., and SG Capital Management LLC.
View insider buying and selling activity for Primoris Services
or view top insider-selling stocks.

Which institutional investors are buying Primoris Services stock?

PRIM stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Wellington Management Group LLP, Dimensional Fund Advisors LP, State Street Corp, Mirae Asset Global Investments Co. Ltd., Dynamic Technology Lab Private Ltd, Charles Schwab Investment Management Inc., and Russell Investments Group Ltd..
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 $23.72.

How much money does Primoris Services make?

Primoris Services has a market capitalization of $1.26 billion and generates $3.50 billion in revenue each year. The construction company earns $115.61 million in net income (profit) each year or $1.99 on an earnings per share basis.

How many employees does Primoris Services have?

Primoris Services 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.

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.

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 5/18/2022 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.