Is Primoris Services Stock a Good Investment?
Primoris Services Investment Advice | PRIM |
- Examine Primoris Services' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Primoris Services' leadership team and their track record. Good management can help Primoris Services navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Construction & Engineering space and any emerging trends that could impact Primoris Services' business and its evolving consumer preferences.
- Compare Primoris Services' performance and market position to its competitors. Analyze how Primoris Services is positioned in terms of product offerings, innovation, and market share.
- Check if Primoris Services pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Primoris Services' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Primoris Services stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Primoris Services is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Primoris Services Stock
Researching Primoris Services' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 96.0% of the company shares are owned by institutional investors. The book value of Primoris Services was at this time reported as 25.28. The company has Price/Earnings To Growth (PEG) ratio of 0.8. Primoris Services last dividend was issued on the 31st of December 2024.
To determine if Primoris Services is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Primoris Services' research are outlined below:
| Primoris Services is unlikely to experience financial distress in the next 2 years | |
| Over 96.0% of the company shares are owned by institutional investors | |
| On 11th of October 2024 Primoris Services paid $ 0.06 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Winners And Losers Of Q3 Primoris Vs The Rest Of The Construction and Maintenance Services Stocks |
Primoris Services Quarterly Long Term Debt |
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Primoris Services uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Primoris Services. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Primoris Services' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 26th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Primoris Services' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Primoris Services' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2018-05-08 | 2018-03-31 | 0.02 | 0.01 | -0.01 | 50 | ||
2016-05-05 | 2016-03-31 | 0.06 | 0.05 | -0.01 | 16 | ||
2008-08-11 | 2008-06-30 | 0.15 | 0.17 | 0.02 | 13 | ||
2019-05-07 | 2019-03-31 | 0.01 | 0.04 | 0.03 | 300 | ||
2018-02-26 | 2017-12-31 | 0.23 | 0.26 | 0.03 | 13 | ||
2020-05-05 | 2020-03-31 | -0.01 | 0.03 | 0.04 | 400 | ||
2013-03-07 | 2012-12-31 | 0.29 | 0.33 | 0.04 | 13 | ||
2012-05-09 | 2012-03-31 | 0.24 | 0.2 | -0.04 | 16 |
Know Primoris Services' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Primoris Services is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Primoris Services backward and forwards among themselves. Primoris Services' institutional investor refers to the entity that pools money to purchase Primoris Services' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Verition Fund Managegment, Llc | 2024-06-30 | 831.9 K | Gw&k Investment Management, Llc | 2024-09-30 | 830.1 K | Fuller & Thaler Asset Management Inc | 2024-09-30 | 804.1 K | Yaupon Capital Management Lp | 2024-09-30 | 699.8 K | Nuveen Asset Management, Llc | 2024-06-30 | 680.6 K | Mirae Asset Global Etfs Holdings Ltd. | 2024-06-30 | 680.2 K | Diameter Capital Partners Lp | 2024-06-30 | 663.1 K | Schroder Investment Management Group | 2024-06-30 | 614.3 K | Charles Schwab Investment Management Inc | 2024-09-30 | 607 K | Vanguard Group Inc | 2024-09-30 | 6.2 M | Blackrock Inc | 2024-06-30 | 5.2 M |
Primoris Services' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.49 B.Market Cap |
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Primoris Services' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.07 | |
| Return On Capital Employed | 0.10 | 0.17 | |
| Return On Assets | 0.03 | 0.06 | |
| Return On Equity | 0.10 | 0.18 |
Determining Primoris Services' profitability involves analyzing its financial statements and using various financial metrics to determine if Primoris Services is a good buy. For example, gross profit margin measures Primoris Services' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Primoris Services' profitability and make more informed investment decisions.
Primoris Services' Earnings Breakdown by Geography
Evaluate Primoris Services' management efficiency
Primoris Services has return on total asset (ROA) of 0.0478 % which means that it generated a profit of $0.0478 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1288 %, meaning that it created $0.1288 on every $100 dollars invested by stockholders. Primoris Services' management efficiency ratios could be used to measure how well Primoris Services manages its routine affairs as well as how well it operates its assets and liabilities. As of the 28th of November 2024, Return On Tangible Assets is likely to grow to 0.07. Also, Return On Capital Employed is likely to grow to 0.17. At this time, Primoris Services' Intangible Assets are very stable compared to the past year. As of the 28th of November 2024, Return On Tangible Assets is likely to grow to 0.07, while Intangibles To Total Assets are likely to drop 0.14.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 23.19 | 24.35 | |
| Tangible Book Value Per Share | 2.83 | 3.80 | |
| Enterprise Value Over EBITDA | 8.03 | 8.43 | |
| Price Book Value Ratio | 1.43 | 2.27 | |
| Enterprise Value Multiple | 8.03 | 8.43 | |
| Price Fair Value | 1.43 | 2.27 | |
| Enterprise Value | 20.7 M | 18.4 M |
The operational strategies employed by Primoris Services management play a crucial role in its market positioning. Assessing these strategies alongside financial data helps us evaluate the stock's investment potential.
Dividend Yield 0.0038 | Forward Dividend Yield 0.0038 | Forward Dividend Rate 0.32 | Beta 1.063 |
Basic technical analysis of Primoris Stock
As of the 28th of November, Primoris Services holds the Coefficient Of Variation of 417.31, semi deviation of 1.73, and Risk Adjusted Performance of 0.1905. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Primoris Services, as well as the relationship between them. Please check Primoris Services downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if Primoris Services is priced some-what accurately, providing market reflects its current price of 83.17 per share. Given that Primoris Services has jensen alpha of 0.4232, we recommend you to check out Primoris Services's recent market performance to make sure the company can sustain itself at a future point.Primoris Services' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Primoris Services insiders, such as employees or executives, is commonly permitted as long as it does not rely on Primoris Services' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Primoris Services insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Primoris Services' Outstanding Corporate Bonds
Primoris Services issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Primoris Services uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Primoris bonds can be classified according to their maturity, which is the date when Primoris Services has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| PRI 28 19 NOV 31 Corp BondUS74164MAB46 | View | |
| ADT Corp 4875 Corp BondUS74166NAA28 | View | |
| PRIME SEC SVCS Corp BondUS74166MAC01 | View | |
| PRIME SEC SVCS Corp BondUS74166MAF32 | View | |
| Prime Security Services Corp BondUS74166MAE66 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| US74168LAA44 Corp BondUS74168LAA44 | View |
Understand Primoris Services' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Primoris Services' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1905 | |||
| Market Risk Adjusted Performance | 0.3473 | |||
| Mean Deviation | 1.8 | |||
| Semi Deviation | 1.73 | |||
| Downside Deviation | 2.15 | |||
| Coefficient Of Variation | 417.31 | |||
| Standard Deviation | 2.79 | |||
| Variance | 7.77 | |||
| Information Ratio | 0.1929 | |||
| Jensen Alpha | 0.4232 | |||
| Total Risk Alpha | 0.219 | |||
| Sortino Ratio | 0.2504 | |||
| Treynor Ratio | 0.3373 | |||
| Maximum Drawdown | 17.09 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 4.15 | |||
| Downside Variance | 4.61 | |||
| Semi Variance | 2.98 | |||
| Expected Short fall | (2.25) | |||
| Skewness | 1.52 | |||
| Kurtosis | 11.01 |
| Risk Adjusted Performance | 0.1905 | |||
| Market Risk Adjusted Performance | 0.3473 | |||
| Mean Deviation | 1.8 | |||
| Semi Deviation | 1.73 | |||
| Downside Deviation | 2.15 | |||
| Coefficient Of Variation | 417.31 | |||
| Standard Deviation | 2.79 | |||
| Variance | 7.77 | |||
| Information Ratio | 0.1929 | |||
| Jensen Alpha | 0.4232 | |||
| Total Risk Alpha | 0.219 | |||
| Sortino Ratio | 0.2504 | |||
| Treynor Ratio | 0.3373 | |||
| Maximum Drawdown | 17.09 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 4.15 | |||
| Downside Variance | 4.61 | |||
| Semi Variance | 2.98 | |||
| Expected Short fall | (2.25) | |||
| Skewness | 1.52 | |||
| Kurtosis | 11.01 |
Consider Primoris Services' intraday indicators
Primoris Services intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Primoris Services stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 10689.32 | |||
| Daily Balance Of Power | (0.19) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 83.5 | |||
| Day Typical Price | 83.39 | |||
| Price Action Indicator | (0.58) | |||
| Period Momentum Indicator | (0.51) | |||
| Relative Strength Index | 77.55 |
Primoris Services Corporate Filings
F4 | 15th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 5th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 5th of August 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Primoris Stock media impact
Far too much social signal, news, headlines, and media speculation about Primoris Services that are available to investors today. That information is available publicly through Primoris media outlets and privately through word of mouth or via Primoris internal channels. However, regardless of the origin, that massive amount of Primoris data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Primoris Services news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Primoris Services relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Primoris Services' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Primoris Services alpha.
Primoris Services Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Primoris Services can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Primoris Services Historical Investor Sentiment
Investor biases related to Primoris Services' public news can be used to forecast risks associated with an investment in Primoris. The trend in average sentiment can be used to explain how an investor holding Primoris can time the market purely based on public headlines and social activities around Primoris Services. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Primoris Services' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Primoris Services and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Primoris Services news discussions. The higher the estimate score, the more favorable the investor's outlook on Primoris Services.
Primoris Services Corporate Executives
Elected by the shareholders, the Primoris Services' board of directors comprises two types of representatives: Primoris Services inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Primoris. The board's role is to monitor Primoris Services' management team and ensure that shareholders' interests are well served. Primoris Services' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Primoris Services' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kenneth CPA | Executive CFO | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primoris Services. If investors know Primoris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primoris Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.202 | Dividend Share 0.24 | Earnings Share 3.03 | Revenue Per Share 114.686 | Quarterly Revenue Growth 0.078 |
The market value of Primoris Services is measured differently than its book value, which is the value of Primoris that is recorded on the company's balance sheet. Investors also form their own opinion of Primoris Services' value that differs from its market value or its book value, called intrinsic value, which is Primoris Services' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primoris Services' market value can be influenced by many factors that don't directly affect Primoris Services' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Primoris Services' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Primoris Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primoris Services' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.