Primoris Services Corporation

Company Profile

Primoris Services Corporation had its IPO on 2008-08-06 under the ticker symbol PRIM.

The company operates in the Industrials sector and Engineering & Construction industry. Primoris Services Corporation has a staff strength of 2,509 employees.

Stock update

Shares of Primoris Services Corporation opened at $32.86 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $32.86 - $33.91, and closed at $33.62.

This is a +2.19% increase from the previous day's closing price.

A total volume of 299,264 shares were traded at the close of the day’s session.

In the last one week, shares of Primoris Services Corporation have slipped by -6.25%.

Primoris Services Corporation's Key Ratios

Primoris Services Corporation has a market cap of $1.91 billion, indicating a price to book ratio of 1.0677 and a price to sales ratio of 0.2792.

In the last 12-months Primoris Services Corporation’s revenue was $5.28 billion with a gross profit of $456.89 million and an EBITDA of $348.45 million. The EBITDA ratio measures Primoris Services Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Primoris Services Corporation’s operating margin was 4.45% while its return on assets stood at 4.57% with a return of equity of 11.45%.

In Q2, Primoris Services Corporation’s quarterly earnings growth was a negative -22.6% while revenue growth was a positive 38.2%.

Primoris Services Corporation’s PE and PEG Ratio

Forward PE

7.6687

Trailing PE

15.4569

PEG

Its diluted EPS in the last 12-months stands at $2.32 per share while it has a forward price to earnings multiple of 7.6687 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Primoris Services Corporation’s profitability.

Primoris Services Corporation stock is trading at a EV to sales ratio of 0.6019 and a EV to EBITDA ratio of 8.9355. Its price to sales ratio in the trailing 12-months stood at 0.2792.

Primoris Services Corporation stock pays annual dividends of $0.24 per share, indicating a yield of 0.67% and a payout ratio of 10.39%.

Balance sheet and cash flow metrics

Total Assets

$3.72 billion

Total Liabilities

$1.29 billion

Operating Cash Flow

$-3157000.00

Capital Expenditure

$28.55 million

Dividend Payout Ratio

10.39%

Primoris Services Corporation ended 2024 with $3.72 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.72 billion while shareholder equity stood at $1.15 billion.

Primoris Services Corporation ended 2024 with $30.22 million in deferred long-term liabilities, $1.29 billion in other current liabilities, 6000.00 in common stock, $881.63 million in retained earnings and $857.65 million in goodwill. Its cash balance stood at $122.69 million and cash and short-term investments were $122.69 million. The company’s total short-term debt was $76,151,000 while long-term debt stood at $1.04 billion.

Primoris Services Corporation’s total current assets stands at $1.87 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $1.61 billion compared to accounts payable of $513.41 million and inventory worth $0.

In 2024, Primoris Services Corporation's operating cash flow was $-3157000.00 while its capital expenditure stood at $28.55 million.

Comparatively, Primoris Services Corporation paid $0.10 in dividends in 2024.

Other key metrics

Current Trading Price

$33.62

52-Week High

$36.19

52-Week Low

$15.7852

Analyst Target Price

$39.17

Primoris Services Corporation stock is currently trading at $33.62 per share. It touched a 52-week high of $36.19 and a 52-week low of $36.19. Analysts tracking the stock have a 12-month average target price of $39.17.

Its 50-day moving average was $32.59 and 200-day moving average was $26.99 The short ratio stood at 1.91 indicating a short percent outstanding of 0%.

Around 147.2% of the company’s stock are held by insiders while 9286.7% are held by institutions.