Primoris Services Co. (PRIM) To Go Ex-Dividend on December 31st

Primoris Services Co. (NASDAQ:PRIM) announced a quarterly dividend on Wednesday, October 29th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.08 per share by the construction company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, December 31st.

Primoris Services has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Primoris Services has a dividend payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Primoris Services to earn $4.05 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 7.9%.

Primoris Services Price Performance

Primoris Services stock opened at $129.13 on Monday. The firm has a market capitalization of $6.98 billion, a P/E ratio of 42.76 and a beta of 1.37. Primoris Services has a one year low of $49.10 and a one year high of $146.16. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38. The business has a fifty day moving average price of $128.93 and a 200-day moving average price of $114.85.

Primoris Services (NASDAQ:PRIM) last issued its quarterly earnings data on Monday, November 3rd. The construction company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.51. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the firm posted $1.22 EPS. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. Primoris Services has set its FY 2025 guidance at 5.350-5.550 EPS. As a group, equities research analysts forecast that Primoris Services will post 3.26 EPS for the current year.

About Primoris Services

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.