PRIM - Primoris Services Corp Stock Price, Fair Value and News

51.78USD+1.34 (+2.66%)Delayed

Market Summary

USD51.78+1.34

Delayed

2.66%

PRIM Alerts

Big jump in Earnings (Y/Y)

PRIM Stock Price

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PRIM RSI Chart

PRIM Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

19.32

Price/Sales (Trailing)

0.47

EV/EBITDA

9.14

Price/Free Cashflow

14.95

PRIM Price/Sales (Trailing)

PRIM Profitability

EBT Margin

3.45%

Return on Equity

11.51%

Return on Assets

3.64%

Free Cashflow Yield

6.69%

PRIM Fundamentals

PRIM Revenue

Revenue (TTM)

5.9B

Rev. Growth (Yr)

12.4%

Rev. Growth (Qtr)

-6.79%

PRIM Earnings

Earnings (TTM)

143.8M

Earnings Growth (Yr)

1.3K%

Earnings Growth (Qtr)

-49.7%

Breaking Down PRIM Revenue

Last 7 days

3.1%

Last 30 days

20.0%

Last 90 days

33.0%

Trailing 12 Months

89.7%

How does PRIM drawdown profile look like?

PRIM Financial Health

Current Ratio

1.38

Debt/Equity

0.69

Debt/Cashflow

0.33

PRIM Investor Care

Dividend Yield

0.46%

Dividend/Share (TTM)

0.24

Shares Dilution (1Y)

0.67%

Diluted EPS (TTM)

2.65

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	5.9B	0	0	0
2023	4.9B	5.3B	5.5B	5.7B
2022	3.5B	3.6B	4.0B	4.4B
2021	3.6B	3.5B	3.5B	3.5B
2020	3.2B	3.3B	3.4B	3.5B
2019	3.1B	3.2B	3.2B	3.1B
2018	2.3B	2.3B	2.6B	2.9B
2017	2.1B	2.3B	2.4B	2.4B
2016	2.0B	1.9B	1.9B	2.0B
2015	2.0B	2.0B	1.9B	1.9B
2014	2.0B	2.1B	2.1B	2.1B
2013	1.7B	1.8B	1.9B	1.9B
2012	1.4B	1.4B	1.4B	1.5B
2011	1.1B	1.3B	1.4B	1.5B
2010	0	625.3M	783.5M	941.8M
2009	0	0	0	467.0M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Primoris Services Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 01, 2024	schauerman john p.	acquired	-	-	800	-
May 01, 2024	king david lee	acquired	-	-	800	-
May 01, 2024	mccallister terry d	acquired	-	-	800	-
May 01, 2024	mashinski carla s	acquired	-	-	800	-
May 01, 2024	wagner patricia k	acquired	-	-	800	-
May 01, 2024	cook stephen c.	acquired	-	-	800	-
May 01, 2024	rodriguez jose ramon	acquired	-	-	800	-
May 01, 2024	ching michael e.	acquired	-	-	800	-
Mar 21, 2024	schauerman john p.	sold	-826,144	41.3072	-20,000	-
Mar 15, 2024	schauerman john p.	sold	-812,240	40.612	-20,000	-

Which funds bought or sold PRIM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	Tidal Investments LLC	added	240	936,835	1,215,800	0.02%
May 16, 2024	Global Financial Private Client, LLC	unchanged	-	686	3,077	-%
May 16, 2024	JANE STREET GROUP, LLC	added	384	4,136,410	4,929,730	-%
May 16, 2024	COMERICA BANK	added	6.07	2,950	11,154	-%
May 16, 2024	Creekmur Asset Management LLC	unchanged	-	3,651	16,494	0.01%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.23	425,613	2,295,500	-%
May 15, 2024	Walleye Trading LLC	sold off	-100	-548,496	-	-%
May 15, 2024	Diameter Capital Partners LP	unchanged	-	6,084,000	27,670,500	2.84%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-67.63	-313,067	222,045	-%
May 15, 2024	VOLORIDGE INVESTMENT MANAGEMENT, LLC	sold off	-100	-526,578	-	-%

Are Funds Buying or Selling PRIM?

Are funds buying PRIM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PRIM

No. of Funds

PRIM Alerts

Big jump in Earnings (Y/Y)

Unveiling Primoris Services Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.79%	5,225,779	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	6.7%	3,595,569	SC 13G/A
Feb 08, 2024	wellington management group llp	2.92%	1,558,081	SC 13G/A
Jan 08, 2024	blackrock inc.	10.3%	5,488,452	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	5.5%	2,938,505	SC 13G
Feb 09, 2023	vanguard group inc	10.24%	5,436,419	SC 13G/A
Feb 06, 2023	wellington management group llp	7.26%	3,857,157	SC 13G/A
Jan 25, 2023	blackrock inc.	8.9%	4,731,781	SC 13G
Nov 10, 2022	vanguard group inc	10.15%	5,403,076	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	4.4%	2,391,110	SC 13G/A

Recent SEC filings of Primoris Services Corp

View All Filings

Date Filed	Form Type	Document
May 17, 2024	144	Notice of Insider Sale Intent
May 14, 2024	4	Insider Trading
May 13, 2024	144	Notice of Insider Sale Intent
May 13, 2024	4	Insider Trading
May 10, 2024	144	Notice of Insider Sale Intent
May 10, 2024	144	Notice of Insider Sale Intent
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
May 09, 2024	8-K/A	Current Report
May 09, 2024	S-3ASR	S-3ASR

Peers (Alternatives to Primoris Services Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	176.0B	67.0B	-0.57%	65.92%	15.65	2.63	8.59%	58.17%
GE	175.0B	69.5B	2.71%	53.73%	49.85	2.52	16.04%	-60.91%
CMI	39.1B	34.0B	-1.97%	33.06%	18.95	1.15	12.85%	-19.64%
AME	38.6B	6.7B	-6.32%	12.86%	29.28	5.73	7.11%	10.53%
ACM	12.2B	15.3B	-3.16%	12.28%	-885.03	0.79	13.36%	-103.70%
MID-CAP
APG	9.8B	6.9B	-3.29%	52.06%	57.15	1.42	3.19%	62.26%
FLR	6.6B	15.5B	-3.16%	34.99%	21.56	0.42	7.53%	3145.00%
FLS	6.5B	4.4B	8.65%	40.81%	27.89	1.48	17.31%	1.26%
ACA	4.2B	2.4B	12.71%	24.81%	29.5	1.79	4.48%	-49.27%
ALG	2.3B	1.7B	-5.99%	7.81%	17.35	1.37	8.96%	15.52%
SMALL-CAP
AMRC	1.4B	1.4B	46.91%	-37.28%	24.47	1.02	-13.54%	-25.70%
AGX	872.9M	573.3M	9.79%	57.95%	26.98	1.52	26.00%	-2.24%
NKLA	732.5M	35.8M	-15.62%	-26.90%	-0.78	20.44	-27.93%	-18.06%
AMSC	430.6M	135.4M	17.93%	212.03%	-26.25	3.18	-25.90%	65.37%
ADES	247.8M	100.1M	1.25%	441.48%	-30.37	2.47	2.80%	39.07%

Primoris Services Corp News

Latest updates

Primoris Services Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-6.8%	1,413	1,516	1,529	1,413	1,257	1,329	1,284	1,023	784	884	913	882	818	897	943	908	743	790	865	790	662
Gross Profit	-14.8%	133	157	174	157	100	153	155	92.00	56.00	96.00	127	113	80.00	98.00	124	101	48.00	90.00	108	81.00	52.00
S&GA Expenses	9.7%	89.00	81.00	84.00	86.00	78.00	91.00	76.00	60.00	55.00	57.00	62.00	58.00	53.00	50.00	57.00	51.00	44.00	48.00	50.00	49.00	43.00
EBITDA Margin	0.3%	0.06*	0.06*	0.06*	0.06*	0.07*	0.07*	0.07*	0.08*	0.08*	0.08*	0.08*	0.08*	-	-	-	-	-	-	-	-	-
Interest Expenses	-72.6%	7.00	25.00	20.00	20.00	17.00	17.00	8.00	6.00	5.00	6.00	6.00	5.00	6.00	2.00	5.00	4.00	9.00	-1.34	5.00	7.00	6.00
Income Taxes	-49.7%	8.00	15.00	20.00	16.00	1.00	4.00	10.00	13.00	-0.62	3.00	17.00	14.00	2.00	11.00	18.00	13.00	-1.53	11.00	15.00	7.00	1.00
Earnings Before Taxes	-49.7%	27.00	53.00	68.00	55.00	2.00	45.00	53.00	63.00	-2.29	33.00	61.00	50.00	8.00	43.00	62.00	46.00	-5.26	39.00	50.00	25.00	4.00
EBT Margin	11.0%	0.03*	0.03*	0.03*	0.03*	0.03*	0.04*	0.04*	0.04*	0.04*	0.04*	0.05*	0.05*	-	-	-	-	-	-	-	-	-
Net Income	-49.7%	19.00	38.00	48.00	39.00	1.00	42.00	43.00	50.00	-1.67	30.00	44.00	36.00	6.00	32.00	44.00	33.00	-3.74	27.00	36.00	18.00	2.00
Net Income Margin	11.0%	0.02*	0.02*	0.02*	0.02*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	-	-	-	-	-	-	-	-	-
Free Cashflow	-121.0%	-38.90	185	34.00	6.00	-129	166	-20.80	-130	-26.59	32.00	-29.92	-45.49	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.3%	3,954	3,827	3,803	3,722	3,523	3,544	3,454	2,714	2,597	2,543	2,598	2,494	2,515	1,970	2,000	1,954	1,835	1,830	1,869	1,825	1,691
Current Assets	6.1%	1,999	1,885	1,891	1,871	1,682	1,704	1,662	1,318	1,214	1,182	1,217	1,094	1,104	1,115	1,117	1,047	917	913	962	972	876
Cash Equivalents	-15.6%	184	218	161	123	95.00	249	112	91.00	174	201	199	178	213	327	229	156	93.00	120	44.00	54.00	74.00
Net PPE	-2.7%	463	476	489	481	484	494	509	463	459	433	434	432	-	356	367	368	364	376	380	377	369
Goodwill	0%	858	858	858	858	5.00	872	820	592	584	582	585	582	589	367	215	215	215	206	215	215	215
Liabilities	4.4%	2,705	2,591	2,606	2,572	2,414	2,435	2,386	1,681	1,610	1,553	1,621	1,557	1,614	1,255	1,316	1,309	1,220	1,201	1,215	1,204	1,080
Current Liabilities	8.5%	1,448	1,335	1,298	1,289	1,134	1,138	1,086	889	844	759	823	759	797	764	782	757	684	670	692	687	620
Long Term Debt	-2.6%	862	885	1,014	1,037	1,035	1,065	1,122	638	599	594	611	592	592	269	281	301	291	296	307	347	307
LT Debt, Current	22.8%	90.00	73.00	85.00	76.00	78.00	78.00	80.00	63.00	66.00	67.00	68.00	62.00	61.00	48.00	48.00	52.00	52.00	56.00	60.00	65.00	67.00
LT Debt, Non Current	-100.0%	-	885	1,014	1,037	1,035	1,065	1,122	638	599	594	611	592	592	269	281	301	291	296	307	347	307
Shareholder's Equity	1.1%	1,249	1,236	1,197	1,150	1,109	1,109	1,068	1,033	988	990	977	936	901	715	684	645	615	630	654	621	610
Retained Earnings	1.6%	977	961	927	882	846	848	809	770	723	727	701	660	627	625	596	555	525	531	507	475	460
Additional Paid-In Capital	-0.4%	275	276	273	269	266	264	262	262	263	262	275	274	273	89.00	88.00	91.00	91.00	97.00	147	146	147
Shares Outstanding	0.5%	54.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	54.00	54.00	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.00	0.00	0.00	4.00
Float	-	-	-	-	1,605	-	-	-	1,158	-	-	-	1,562	-	-	-	864	-	-	-	931	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-113.8%	-28,464	205,699	73,685	34,505	-115,337	185,381	-10,922	-97,690	6,577	64,127	9,457	-1,810	7,973	121,522	130,828	66,118	-5,467	159,062	56,408	-24,428	-72,096
Share Based Compensation	-16.4%	2,406	2,878	3,567	3,009	2,379	1,693	1,753	2,442	1,553	1,316	1,661	1,333	6,152	544	528	703	499	361	360	371	487
Cashflow From Investing	195.4%	4,187	-4,389	-15,994	-3,157	-6,470	3,071	-440,635	-11,501	-32,874	-25,649	-6,424	-28,984	-630,211	-5,812	-27,077	-7,208	-2,409	-12,011	-18,151	-25,732	-9,979
Cashflow From Financing	89.6%	-15,106	-145,256	-18,909	-4,513	-36,601	-63,309	489,152	27,426	-1,226	-36,972	18,453	-4,212	508,464	-16,851	-30,706	3,929	-19,195	-69,768	-47,948	29,762	4,670
Dividend Payments	0.0%	3,202	3,201	3,199	3,196	3,187	3,195	3,193	3,198	3,192	3,231	3,224	3,223	2,887	2,887	2,893	2,895	2,919	3,059	3,058	3,051	3,043
Buy Backs	-	-	-	-	-	-	-	2,620	3,370	-	-	-	-	-	247	3,110	950	7,393	-	-	-	-

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PRIM Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Revenue	$ 1,412,707	$ 1,256,896
Cost of revenue	1,279,331	1,157,164
Gross profit	133,376	99,732
Selling, general and administrative expenses	88,588	78,009
Transaction and related costs	550	2,695
Operating income	44,238	19,028
Other income (expense):
Foreign exchange gain, net	560	926
Other (expense) income, net	(126)	331
Interest expense, net	(17,992)	(18,465)
Income before provision for income taxes	26,680	1,820
Provision for income taxes	(7,737)	(510)
Net income	$ 18,943	$ 1,310
Dividends per common share (in dollars per share)	$ 0.06	$ 0.06
Earnings per share:
Basic (in dollars per share)	0.35	0.02
Diluted (in dollars per share)	$ 0.35	$ 0.02
Weighted average common shares outstanding:
Basic (in shares)	53,490	53,184
Diluted (in shares)	54,414	53,944

PRIM Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 177,600	$ 217,778
Accounts receivable, net	811,945	685,439
Contract assets	871,911	846,176
Prepaid expenses and other current assets	138,027	135,840
Total current assets	1,999,483	1,885,233
Property and equipment, net	462,992	475,929
Operating lease assets	393,879	360,507
Intangible assets, net	222,369	227,561
Goodwill	857,650	857,650
Other long-term assets	18,074	20,547
Total assets	3,954,447	3,827,427
Current liabilities:
Accounts payable	632,452	628,962
Contract liabilities	440,180	366,476
Accrued liabilities	283,006	263,492
Dividends payable	3,222	3,202
Current portion of long-term debt	89,530	72,903
Total current liabilities	1,448,390	1,335,035
Long-term debt, net of current portion	862,216	885,369
Noncurrent operating lease liabilities, net of current portion	287,024	263,454
Deferred tax liabilities	59,482	59,565
Other long-term liabilities	47,930	47,912
Total liabilities	2,705,042	2,591,335
Commitments and contingencies (See Note 13)
Stockholders' equity
Common stock-$0.0001 par value; 90,000,000 shares authorized; 53,630,490 and 53,366,327 issued and outstanding at March 31, 2024 and December 31, 2023, respectively	6	6
Additional paid-in capital	274,711	275,846
Retained earnings	976,749	961,028
Accumulated other comprehensive income	(2,061)	(788)
Total stockholders' equity	1,249,405	1,236,092
Total liabilities and stockholders' equity	$ 3,954,447	$ 3,827,427

About Primoris Services Corp

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. 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, 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. The Pipeline Services segment offers a range of services comprising pipeline construction and maintenance, carbon capture and storage services; pipeline 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.

CEO	Mr. Thomas E. McCormick
WEBSITE	prim.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	2509

Primoris Services Corp Frequently Asked Questions

What is the ticker symbol for Primoris Services Corp? What does PRIM stand for in stocks?

PRIM is the stock ticker symbol of Primoris Services Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Primoris Services Corp (PRIM)?

As of Fri May 17 2024, market cap of Primoris Services Corp is 2.78 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PRIM stock?

You can check PRIM's fair value in chart for subscribers.

What is the fair value of PRIM stock?

You can check PRIM's fair value in chart for subscribers. The fair value of Primoris Services Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Primoris Services Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PRIM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Primoris Services Corp a good stock to buy?

The fair value guage provides a quick view whether PRIM is over valued or under valued. Whether Primoris Services Corp is cheap or expensive depends on the assumptions which impact Primoris Services Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PRIM.

What is Primoris Services Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, PRIM's PE ratio (Price to Earnings) is 19.32 and Price to Sales (PS) ratio is 0.47. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PRIM PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Primoris Services Corp's stock?

In the past 10 years, Primoris Services Corp has provided 0.072 (multiply by 100 for percentage) rate of return.