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3 Steel Stocks Could Soar on New China Tariffs
How major US stock indexes fared Thursday, 4/18/2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Bear Market Funds to Watch This Year
Shares of Walmart-backed Ibotta soar on public debut
Closing prices for crude oil, gold and other commodities
IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
3 Steel Stocks Could Soar on New China Tariffs
How major US stock indexes fared Thursday, 4/18/2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Bear Market Funds to Watch This Year
Shares of Walmart-backed Ibotta soar on public debut
Closing prices for crude oil, gold and other commodities
IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
3 Steel Stocks Could Soar on New China Tariffs
How major US stock indexes fared Thursday, 4/18/2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Bear Market Funds to Watch This Year
Shares of Walmart-backed Ibotta soar on public debut
Closing prices for crude oil, gold and other commodities
IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
3 Steel Stocks Could Soar on New China Tariffs
How major US stock indexes fared Thursday, 4/18/2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Bear Market Funds to Watch This Year
Shares of Walmart-backed Ibotta soar on public debut
Closing prices for crude oil, gold and other commodities
IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies
NASDAQ:PRIM

Primoris Services (PRIM) Stock Price, News & Analysis

$43.21
+0.05 (+0.12%)
(As of 04/18/2024 ET)
Today's Range
$43.08
$43.98
50-Day Range
$36.83
$46.75
52-Week Range
$23.48
$47.87
Volume
655,990 shs
Average Volume
553,755 shs
Market Capitalization
$2.32 billion
P/E Ratio
18.63
Dividend Yield
0.56%
Price Target
$53.67

Primoris Services MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
24.2% Upside
$53.67 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.92
Upright™ Environmental Score
News Sentiment
0.43mentions of Primoris Services in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$2.04 M Sold Last Quarter
Proj. Earnings Growth
22.99%
From $2.61 to $3.21 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.32 out of 5 stars

Construction Sector

53rd out of 101 stocks

Water, Sewer, & Utility Lines Industry

3rd out of 5 stocks

PRIM stock logo

About Primoris Services Stock (NASDAQ:PRIM)

Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through Utilities and Energy/Renewables segments. 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, excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, and petrochemical industries, as well as state departments of transportation. It also offers pipeline construction and maintenance, and storage services; pipeline facility, and integrity services. Primoris Services Corporation was founded in 1960 and is headquartered in Dallas, Texas.

PRIM Stock Price History

PRIM Stock News Headlines

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
YieldBoost PRIM To 17.2% Using Options
Primoris: AI Power Play
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Centuri Holdings Begins Carve Out IPO Process
PRIM Apr 2024 32.500 put
Q4 2023 Primoris Services Corp Earnings Call
Primoris Services Q4 2023 Earnings Preview
What Wall Street expects from Primoris Services's earnings
Earnings Preview: Primoris Services
PRIM Jun 2024 37.500 call
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/19/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Current Symbol
NASDAQ:PRIM
CUSIP
74164F10
Fax
N/A
Employees
14,058
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$53.67
High Stock Price Target
$63.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+24.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$126.14 million
Pretax Margin
3.11%

Debt

Sales & Book Value

Annual Sales
$5.72 billion
Cash Flow
$4.91 per share
Book Value
$23.17 per share

Miscellaneous

Free Float
52,868,000
Market Cap
$2.32 billion
Optionable
Optionable
Beta
1.19

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PRIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Primoris Services stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primoris Services in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PRIM shares.
View PRIM analyst ratings
or view top-rated stocks.

What is Primoris Services' stock price target for 2024?

3 brokers have issued 12-month price targets for Primoris Services' shares. Their PRIM share price targets range from $43.00 to $63.00. On average, they anticipate the company's stock price to reach $53.67 in the next twelve months. This suggests a possible upside of 24.2% from the stock's current price.
View analysts price targets for PRIM
or view top-rated stocks among Wall Street analysts.

How have PRIM shares performed in 2024?

Primoris Services' stock was trading at $33.21 on January 1st, 2024. Since then, PRIM shares have increased by 30.1% and is now trading at $43.21.
View the best growth stocks for 2024 here
.

When is Primoris Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our PRIM earnings forecast
.

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) announced its quarterly earnings results on Monday, February, 26th. The construction company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.64 by $0.21. The construction company earned $1.52 billion during the quarter, compared to analysts' expectations of $1.55 billion. Primoris Services had a net margin of 2.21% and a trailing twelve-month return on equity of 13.20%. The company's revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 earnings per share.

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

Primoris Services declared a quarterly dividend on Wednesday, February 21st. Investors of record on Thursday, March 28th will be given a dividend of $0.06 per share on Monday, April 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for PRIM
.

Is Primoris Services a good dividend stock?

Primoris Services (NASDAQ:PRIM) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.56%. The dividend payout ratio is 10.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRIM will have a dividend payout ratio of 7.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRIM.

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

Primoris Services updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of 3.050-3.250 for the period, compared to the consensus EPS estimate of 2.930. The company issued revenue guidance of -.

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

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.

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).

Who are Primoris Services' major shareholders?

Primoris Services' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include David Lee King, John F Moreno Jr, John M Perisich, John P Schauerman, Stephen C Cook, Terry D Mccallister, Thomas Edward Mccormick and Travis L Stricker.
View institutional ownership trends
.

How do I buy shares of Primoris Services?

Shares of PRIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
Read More
This page (NASDAQ:PRIM) was last updated on 4/19/2024 by MarketBeat.com Staff

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