Analyzing Primoris Services Corporation (PRIM) and Its Peers
Primoris Services Corporation (NASDAQ: PRIM) is one of 48 public companies in the “Construction & Engineering” industry, but how does it contrast to its peers? We will compare Primoris Services Corporation to similar companies based on the strength of its earnings, profitability, analyst recommendations, risk, dividends, valuation and institutional ownership.
This is a breakdown of recent ratings and recommmendations for Primoris Services Corporation and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Primoris Services Corporation||0||5||3||0||2.38|
|Primoris Services Corporation Competitors||159||917||1578||18||2.54|
Primoris Services Corporation currently has a consensus target price of $28.00, suggesting a potential downside of 0.21%. As a group, “Construction & Engineering” companies have a potential upside of 32.97%. Given Primoris Services Corporation’s peers stronger consensus rating and higher possible upside, analysts plainly believe Primoris Services Corporation has less favorable growth aspects than its peers.
Volatility & Risk
Primoris Services Corporation has a beta of 1.6, indicating that its share price is 60% more volatile than the S&P 500. Comparatively, Primoris Services Corporation’s peers have a beta of 1.29, indicating that their average share price is 29% more volatile than the S&P 500.
Earnings and Valuation
This table compares Primoris Services Corporation and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Primoris Services Corporation||$2.00 billion||$26.72 million||29.85|
|Primoris Services Corporation Competitors||$4.79 billion||$53.24 million||18.07|
Primoris Services Corporation’s peers have higher revenue and earnings than Primoris Services Corporation. Primoris Services Corporation is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Primoris Services Corporation pays an annual dividend of $0.22 per share and has a dividend yield of 0.8%. Primoris Services Corporation pays out 23.4% of its earnings in the form of a dividend. As a group, “Construction & Engineering” companies pay a dividend yield of 1.5% and pay out 111.7% of their earnings in the form of a dividend.
This table compares Primoris Services Corporation and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Primoris Services Corporation||2.09%||11.30%||4.90%|
|Primoris Services Corporation Competitors||1.79%||-27.93%||2.23%|
Insider and Institutional Ownership
69.7% of Primoris Services Corporation shares are held by institutional investors. Comparatively, 79.1% of shares of all “Construction & Engineering” companies are held by institutional investors. 24.0% of Primoris Services Corporation shares are held by company insiders. Comparatively, 11.1% of shares of all “Construction & Engineering” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Primoris Services Corporation peers beat Primoris Services Corporation on 8 of the 15 factors compared.
About Primoris Services Corporation
Primoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. The Company provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation and other customers. It operates in three segments: the West Construction Services segment (West segment), the East Construction Services segment (East segment) and the Energy segment. The Company installs, replaces, repairs and rehabilitates natural gas, refined product, water and wastewater pipeline systems; large diameter gas and liquid pipeline facilities, and heavy civil projects, earthwork and site development.
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