Primoris Services/PRIM

$45.50

-1.4%
-
1D1W1MYTD1YMAX

About Primoris Services

Primoris Services Corporation is engaged in providing of infrastructure services. The Company provides a range of construction, maintenance, replacement, fabrication, and engineering services to a diversified base of customers through its two segments: Utilities, and Energy. The Utilities segment offers services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, pipeline construction and maintenance, pipeline integrity services, and maintenance services for entities in the renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries.

Ticker

PRIM

Sector

Industrials

Trading on

NYSE

Industry

Construction Services

CEO

Thomas Mccormick

Employees

2,773

Headquarters

Dallas, United States

PRIM Metrics

BasicAdvanced
$2.47B
Market cap
19.88
P/E ratio
$2.32
EPS
1.18
Beta
$0.24
Dividend rate
0.52%
Dividend yield
$2.47B
1.18115
$47.87
$23.48
476.47K
$0.24
1.412
71.626
77.524
10.15%
27.385
3.36%
3.42%
10.76%
5.15%
19.883
0.433
1.992
16.4
29.898
0.98%
0.52%
0.52%
29.29%
-6.16%
17.85%
2.53%
-7.17%

What the Analysts think about PRIM

Analyst Ratings

Majority rating from 6 analysts.
Buy

Price Targets

Average projection from 6 analysts.
21.6% upside
High $63.00
Low $43.00
$45.50
Current price
$55.33
Average price target

PRIM Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
2.48% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$1.52B
-0.91%
Net income
$37.6M
-21.83%
Profit margin
2.48%
-21.02%

PRIM Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 3.29%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.02
$0.72
$0.89
$0.69
-
Expected
-$0.12
$0.54
$0.78
$0.67
$0.14
Surprise
-116.79%
34.04%
14.31%
3.29%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Primoris Services stock?

Primoris Services (PRIM) has a market cap of $2.47B as of April 14, 2024.

What is the P/E ratio for Primoris Services stock?

The price to earnings (P/E) ratio for Primoris Services (PRIM) stock is 19.88 as of April 14, 2024.

Does Primoris Services stock pay dividends?

Yes, the Primoris Services (PRIM) stock pays dividends to shareholders. As of April 14, 2024, the dividend rate is $0.24 and the yield is 0.52%. Primoris Services has a payout ratio of 10.15% on a trailing twelve-month basis.

When is the next Primoris Services dividend payment date?

The next Primoris Services (PRIM) dividend payment is scheduled for April 15, 2024.

What is the beta indicator for Primoris Services?

Primoris Services (PRIM) has a beta rating of 1.18. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Primoris Services stock price target?

The target price for Primoris Services (PRIM) stock is $55.33, which is 21.6% above the current price of $45.5. This is an average based on projections from 6 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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