Primoris Services - PRIM Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last twelve months. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street 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.
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3 brokers have issued 1 year price targets for Primoris Services' shares. Their PRIM share price forecasts range from $20.00 to $28.00. On average, they anticipate the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
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Primoris Services' stock was trading at $23.98 at the beginning of 2022. Since then, PRIM stock has decreased by 10.0% and is now trading at $21.58.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our PRIM earnings forecast.

Primoris Services Co. (NASDAQ:PRIM) posted its quarterly earnings data on Sunday, November, 7th. The construction company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.78 by $0.03. The construction company earned $913.20 million during the quarter, compared to analysts' expectations of $993.41 million. Primoris Services had a net margin of 3.04% and a trailing twelve-month return on equity of 11.88%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS.

Primoris Services declared a quarterly dividend on Thursday, November 3rd. Investors of record on Friday, December 30th will be paid a dividend of $0.06 per share on Friday, January 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for PRIM.

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 10.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRIM will have a dividend payout ratio of 8.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRIM.

Primoris Services issued an update on its FY 2022 earnings guidance on Monday, November, 21st. The company provided earnings per share guidance of $2.39-$2.59 for the period, compared to the consensus estimate of $2.45. The company issued revenue guidance of -.

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.

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).

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

Primoris Services' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.93%), BlackRock Inc. (8.62%), Dimensional Fund Advisors LP (5.49%), State Street Corp (2.31%), LSV Asset Management (1.41%) and Jacobs Levy Equity Management Inc. (1.30%). Insiders that own company stock include Brian Pratt, David Lee King, John F Moreno Jr, John P Schauerman, Kenneth Morris Dodgen, Terry D Mccallister, Thomas E Tucker and Thomas Edward Mccormick.
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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.
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One share of PRIM stock can currently be purchased for approximately $21.58.

Primoris Services (NASDAQ:PRIM) has a market capitalization of $1.15 billion and generates $3.50 billion in revenue each year. The construction company earns $115.61 million in net income (profit) each year or $2.24 on an earnings per share basis.

The company employs 10,810 workers across the globe.

Primoris Services' mailing address is 2300 N. Field Street Suite1900, Dallas TX, 75201. The official website for the company is www.prim.com. The construction company can be reached via phone at (214) 740-5600 or via email at ktholking@prim.com.