image
Industrials - Engineering & Construction - NASDAQ - US
$ 78.07
-1.06 %
$ 4.19 B
Market Cap
25.85
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one PRIM stock under the base case scenario is HIDDEN Compared to the current market price of 78.1 USD, Primoris Services Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart PRIM

image
FINANCIALS
5.72 B REVENUE
29.29%
253 M OPERATING INCOME
29.56%
126 M NET INCOME
-5.17%
199 M OPERATING CASH FLOW
138.23%
-30 M INVESTING CASH FLOW
93.77%
-205 M FINANCING CASH FLOW
-45.41%
1.65 B REVENUE
5.46%
99.6 M OPERATING INCOME
14.96%
58.4 M NET INCOME
17.95%
222 M OPERATING CASH FLOW
1284.52%
-40.2 M INVESTING CASH FLOW
-114.46%
-34.9 M FINANCING CASH FLOW
-45.50%
Balance Sheet Decomposition Primoris Services Corporation
image
Current Assets 1.89 B
Cash & Short-Term Investments 218 M
Receivables 685 M
Other Current Assets 982 M
Non-Current Assets 1.94 B
Long-Term Investments 1.63 M
PP&E 836 M
Other Non-Current Assets 1.1 B
Current Liabilities 1.34 B
Accounts Payable 629 M
Short-Term Debt 169 M
Other Current Liabilities 537 M
Non-Current Liabilities 1.26 B
Long-Term Debt 1.15 B
Other Non-Current Liabilities 107 M
EFFICIENCY
Earnings Waterfall Primoris Services Corporation
image
Revenue 5.72 B
Cost Of Revenue 5.13 B
Gross Profit 587 M
Operating Expenses 329 M
Operating Income 253 M
Other Expenses 127 M
Net Income 126 M
RATIOS
10.28% GROSS MARGIN
10.28%
4.43% OPERATING MARGIN
4.43%
2.21% NET MARGIN
2.21%
10.21% ROE
10.21%
3.30% ROA
3.30%
8.19% ROIC
8.19%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Primoris Services Corporation
image
Net Income 126 M
Depreciation & Amortization 107 M
Capital Expenditures -103 M
Stock-Based Compensation 11.8 M
Change in Working Capital -147 K
Others -169 M
Free Cash Flow 95.5 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Primoris Services Corporation
image
Wall Street analysts predict an average 1-year price target for PRIM of $55 , with forecasts ranging from a low of $55 to a high of $55 .
PRIM Lowest Price Target Wall Street Target
55 USD -29.55%
PRIM Average Price Target Wall Street Target
55 USD -29.55%
PRIM Highest Price Target Wall Street Target
55 USD -29.55%
4. DIVIDEND ANALYSIS
0.10% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Primoris Services Corporation
image
Sold
0-3 MONTHS
4.83 M USD 3
3-6 MONTHS
1.92 M USD 3
6-9 MONTHS
3.2 M USD 5
9-12 MONTHS
1.9 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 07, 2024
Sell 1.6 M USD
Schauerman John P.
Director
- 20000
79.8688 USD
1 week ago
Nov 06, 2024
Sell 152 K USD
King David Lee
Director
- 2000
76.1386 USD
1 month ago
Sep 19, 2024
Sell 1.48 M USD
Schauerman John P.
Director
- 25000
59.2533 USD
2 months ago
Sep 13, 2024
Sell 243 K USD
Perisich John M.
CHIEF LEGAL AND ADMIN OFFICER
- 4391
55.331 USD
2 months ago
Sep 12, 2024
Sell 1.35 M USD
Schauerman John P.
Director
- 25000
54.0485 USD
5 months ago
Jun 14, 2024
Sell 132 K USD
King David Lee
Director
- 2500
52.86 USD
5 months ago
Jun 12, 2024
Sell 209 K USD
MASHINSKI CARLA S
Director
- 3883
53.92 USD
5 months ago
May 22, 2024
Sell 529 K USD
Schauerman John P.
Director
- 10000
52.9083 USD
5 months ago
May 23, 2024
Sell 266 K USD
Schauerman John P.
Director
- 5000
53.2046 USD
5 months ago
May 20, 2024
Sell 779 K USD
Schauerman John P.
Director
- 15000
51.9238 USD
6 months ago
May 13, 2024
Sell 663 K USD
Perisich John M.
CHIEF LEGAL AND ADMIN OFFICER
- 13448
49.3353 USD
6 months ago
May 10, 2024
Sell 495 K USD
McCormick Thomas Edward
CEO & PRESIDENT
- 10000
49.4669 USD
7 months ago
Mar 21, 2024
Sell 826 K USD
Schauerman John P.
Director
- 20000
41.3072 USD
8 months ago
Mar 15, 2024
Sell 812 K USD
Schauerman John P.
Director
- 20000
40.612 USD
8 months ago
Mar 13, 2024
Sell 102 K USD
King David Lee
Director
- 2500
40.6856 USD
8 months ago
Mar 07, 2024
Sell 300 K USD
STRICKER TRAVIS L
CHIEF ACCOUNTING OFFICER
- 7500
40 USD
11 months ago
Dec 08, 2023
Sell 121 K USD
McCormick Thomas Edward
CEO & PRESIDENT
- 3800
31.7545 USD
11 months ago
Dec 05, 2023
Sell 21.9 K USD
McCormick Thomas Edward
CEO & PRESIDENT
- 691
31.75 USD
11 months ago
Dec 06, 2023
Sell 1.63 M USD
McCormick Thomas Edward
CEO & PRESIDENT
- 51224
31.839 USD
11 months ago
Nov 24, 2023
Sell 123 K USD
Cook Stephen C.
Director
- 4000
30.7738 USD
1 year ago
Nov 09, 2023
Sell 154 K USD
King David Lee
Director
- 5000
30.811 USD
1 year ago
Sep 08, 2023
Sell 637 K USD
Perisich John M.
CHIEF LEGAL OFFICER
- 19205
33.192 USD
1 year ago
Aug 28, 2023
Sell 696 K USD
Schauerman John P.
Director
- 20000
34.8001 USD
1 year ago
Aug 10, 2023
Sell 136 K USD
Cook Stephen C.
Director
- 4000
34.0795 USD
1 year ago
Jun 21, 2023
Sell 603 K USD
Schauerman John P.
Director
- 20000
30.1518 USD
1 year ago
Jun 07, 2023
Sell 105 K USD
Cook Stephen C.
Director
- 3500
29.9717 USD
1 year ago
Jun 02, 2023
Sell 553 K USD
Schauerman John P.
Director
- 20000
27.6713 USD
1 year ago
Mar 27, 2023
Sell 169 K USD
Cook Stephen C.
Director
- 7000
24.1557 USD
1 year ago
Mar 06, 2023
Sell 274 K USD
King David Lee
Director
- 10000
27.3647 USD
2 years ago
Nov 17, 2022
Sell 145 K USD
Cook Stephen C.
Director
- 6973
20.7524 USD
2 years ago
Nov 10, 2022
Sell 223 K USD
Moreno John F JR
director: CHIEF OPERATING OFFICER
- 10000
22.3362 USD
2 years ago
Mar 15, 2022
Sell 530 K USD
King David Lee
director:
- 20000
26.5147 USD
3 years ago
Aug 26, 2021
Bought 246 K USD
MCCALLISTER TERRY D
Director
+ 10000
24.61 USD
3 years ago
Jun 09, 2021
Sell 95.3 K USD
TINSTMAN ROBERT A
Director
- 2818
33.81 USD
4 years ago
Nov 16, 2020
Sell 1.17 M USD
Schauerman John P.
Director
- 50000
23.46 USD
4 years ago
Nov 18, 2020
Sell 477 K USD
Schauerman John P.
Director
- 20000
23.84 USD
4 years ago
Nov 10, 2020
Sell 201 K USD
Tucker Thomas E.
Director
- 8789
22.8875 USD
4 years ago
Sep 28, 2020
Sell 187 K USD
Tucker Thomas E.
Director
- 10000
18.69 USD
4 years ago
Aug 31, 2020
Sell 47.5 K USD
Tucker Thomas E.
Director
- 2500
19 USD
4 years ago
Aug 11, 2020
Sell 47.5 K USD
Tucker Thomas E.
Director
- 2500
19 USD
4 years ago
Mar 17, 2020
Sell 24.7 K USD
McCormick Thomas Edward
CEO & President
- 2150
11.49 USD
4 years ago
Mar 16, 2020
Bought 26.6 K USD
Dodgen Kenneth Morris
Chief Financial Officer
+ 2500
10.64 USD
4 years ago
Mar 13, 2020
Bought 24.7 K USD
McCormick Thomas Edward
CEO & President
+ 2150
11.49 USD
4 years ago
Dec 17, 2019
Sell 104 K USD
McCormick Thomas Edward
CEO & President
- 4500
23.13 USD
4 years ago
Dec 16, 2019
Sell 461 K USD
Schauerman John P.
Director
- 20000
23.06 USD
4 years ago
Dec 10, 2019
Sell 18.3 M USD
Pratt Brian
Director
- 849281
21.58 USD
4 years ago
Dec 10, 2019
Sell 8.87 M USD
Pratt Brian
Director
- 410825
21.58 USD
5 years ago
Nov 08, 2019
Sell 199 K USD
King David Lee
Director
- 8929
22.2581 USD
5 years ago
Sep 19, 2019
Sell 4.22 M USD
Pratt Brian
director, 10 percent owner:
- 206439
20.4439 USD
5 years ago
Sep 16, 2019
Sell 189 K USD
Pratt Brian
director, 10 percent owner:
- 8925
21.1206 USD
5 years ago
Sep 16, 2019
Sell 49.1 K USD
Cook Stephen C.
Director
- 2349
20.92 USD
5 years ago
Sep 11, 2019
Sell 3.59 M USD
Pratt Brian
director, 10 percent owner:
- 175634
20.4511 USD
5 years ago
Sep 12, 2019
Sell 3.11 M USD
Pratt Brian
director, 10 percent owner:
- 151771
20.5011 USD
5 years ago
Sep 13, 2019
Sell 936 K USD
Pratt Brian
director, 10 percent owner:
- 44942
20.8293 USD
5 years ago
Aug 19, 2019
Sell 394 K USD
Pratt Brian
director, 10 percent owner:
- 19678
20.01 USD
5 years ago
Aug 21, 2019
Sell 481 K USD
Pratt Brian
director, 10 percent owner:
- 24067
20.0003 USD
5 years ago
Jun 10, 2019
Sell 5.7 M USD
Pratt Brian
director, 10 percent owner:
- 300000
19 USD
5 years ago
May 22, 2019
Sell 3.52 M USD
Pratt Brian
director, 10 percent owner:
- 175118
20.0898 USD
5 years ago
May 16, 2019
Sell 1.81 M USD
Pratt Brian
director, 10 percent owner:
- 87891
20.5671 USD
5 years ago
May 17, 2019
Sell 244 K USD
Pratt Brian
director, 10 percent owner:
- 11919
20.5072 USD
5 years ago
Mar 29, 2019
Sell 4.89 M USD
Pratt Brian
director, 10 percent owner:
- 235751
20.7508 USD
5 years ago
Mar 19, 2019
Sell 1.72 M USD
Pratt Brian
director, 10 percent owner:
- 76080
22.6112 USD
5 years ago
Mar 21, 2019
Sell 19.6 K USD
Pratt Brian
director, 10 percent owner:
- 871
22.4465 USD
5 years ago
Mar 11, 2019
Sell 250 K USD
Pratt Brian
director, 10 percent owner:
- 11149
22.4044 USD
5 years ago
Mar 12, 2019
Sell 484 K USD
Pratt Brian
director, 10 percent owner:
- 21580
22.4504 USD
5 years ago
Mar 13, 2019
Sell 60.5 K USD
Pratt Brian
director, 10 percent owner:
- 2700
22.4037 USD
5 years ago
Mar 05, 2019
Sell 2.57 M USD
Pratt Brian
director, 10 percent owner:
- 110182
23.3227 USD
5 years ago
Mar 07, 2019
Sell 440 K USD
Pratt Brian
director, 10 percent owner:
- 19630
22.4009 USD
6 years ago
Nov 08, 2018
Sell 311 K USD
Pratt Brian
director, 10 percent owner:
- 12791
24.3026 USD
6 years ago
Nov 08, 2018
Sell 311 K USD
Pratt Brian
director, 10 percent owner:
- 12792
24.3026 USD
6 years ago
Sep 20, 2018
Sell 12.2 M USD
Pratt Brian
director, 10 percent owner:
- 486400
25.0532 USD
6 years ago
Sep 21, 2018
Sell 6.04 M USD
Pratt Brian
director, 10 percent owner:
- 238603
25.3066 USD
6 years ago
Sep 21, 2018
Sell 200 K USD
King David Lee
Chief Executive Officer
- 7866
25.44 USD
6 years ago
Sep 07, 2018
Sell 49.1 K USD
Cook Stephen C.
Director
- 1964
25 USD
7. News
Primoris Services Corporation (PRIM) Q3 2024 Earnings Call Transcript Primoris Services Corporation (NYSE:PRIM ) Q3 2024 Results Conference Call November 5, 2024 10:00 AM ET Company Participants Blake Holcomb - Vice President, Investor Relations Tom McCormick - President and Chief Executive Officer Ken Dodgen - Chief Financial Officer Conference Call Participants Pete Lukas - CJS Securities Adam Bubes - Goldman Sachs Drew Chamberlain - JPMorgan Kevin Gainey - Thompson Davis Brent Thielman - D.A. Davidson Judah Aronovitz - UBS Alex Hantman - Sidoti Operator Ladies and gentlemen, good day, and thank you for standing by. seekingalpha.com - 1 week ago
Primoris Services (PRIM) Q3 Earnings and Revenues Top Estimates Primoris Services (PRIM) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.02 per share a year ago. zacks.com - 1 week ago
Primoris Services Corporation Reports Third Quarter 2024 Results DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its third quarter ended September 30, 2024 and provided comments on the Company's operational performance and outlook for 2024. For the third quarter of 2024, Primoris reported the following highlights (1): Revenue of $1,649.1 million, up $119.6 million, or 7.8 percent, compared to the third quarter of 2023 driven by strong growth in both the Energy and Utiliti. businesswire.com - 1 week ago
Primoris Services Corporation Schedules Third Quarter 2024 Earnings Conference Call and Webcast DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today it will report third quarter 2024 financial results on Monday, November 4, 2024, after market close. The Company's press release will be available on the Primoris website at www.prim.com. In conjunction with the press release, management will host a conference call and webcast on Tuesday, November 5, 2024, at 9:00 a.m. U.S. Central Time (10:00 a.m. U.S. Eastern Time), to discuss the. businesswire.com - 3 weeks ago
Primoris Is A Politically Neutral Renewables Infrastructure Value Play Shrill political rhetoric supporting and opposing climate change, renewables, etc. seekingalpha.com - 1 month ago
Has Primoris Services (PRIM) Outpaced Other Construction Stocks This Year? Here is how Primoris Services (PRIM) and Construction Partners (ROAD) have performed compared to their sector so far this year. zacks.com - 1 month ago
Are You Looking for a Top Momentum Pick? Why Primoris Services (PRIM) is a Great Choice Does Primoris Services (PRIM) have what it takes to be a top stock pick for momentum investors? Let's find out. zacks.com - 1 month ago
Primoris Services Corporation (PRIM) Hit a 52 Week High, Can the Run Continue? Primoris Services (PRIM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. zacks.com - 1 month ago
Primoris Services Corporation to Participate in Investor Conferences DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today that the Company's management team will participate in two institutional investor conferences in September. D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference – Nashville, TN on September 19 2024 RBC Capital Markets Global Industrials Conference – Las Vegas, Nevada on September 25 A copy of the Company's most recent investor presentation will be available. businesswire.com - 1 month ago
Is Primoris Services (PRIM) Stock Undervalued Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 2 months ago
Should Value Investors Buy Primoris Services (PRIM) Stock? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 2 months ago
Zacks Industry Outlook EMCOR, MasTec, Granite Construction, Primoris Services and Great Lakes Dredge & Dock EMCOR, MasTec, Granite Construction, Primoris Services and Great Lakes Dredge & Dock have been highlighted in this Industry Outlook article. zacks.com - 2 months ago
8. Profile Summary

Primoris Services Corporation PRIM

image
COUNTRY US
INDUSTRY Engineering & Construction
MARKET CAP $ 4.19 B
Dividend Yield 0.10%
Description 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.
Contact 2300 North Field Street, Dallas, TX, 75201 https://www.primoriscorp.com
IPO Date Aug. 6, 2008
Employees 14058
Officers Mr. Scot Kathmann Chief Client Relationship Officer Mr. Kenneth M. Dodgen CPA Executive Vice President & Chief Financial Officer Mr. Travis L. Stricker Chief Accounting Officer & Senior Vice President of Finance Mr. Thomas E. McCormick Chief Executive Officer, President & Director Mr. Blake Holcomb Vice President of Investor Relations Ms. Rhonda Anderson Chief Human Resources Officer Mr. Chad Haxton Chief Information Officer