Primoris Services (NYSE:PRIM) Issues FY 2026 Earnings Guidance
by Renee Jackson · The Cerbat GemPrimoris Services (NYSE:PRIM – Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 4.800-5.000 for the period. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Guggenheim boosted their price target on Primoris Services from $184.00 to $195.00 and gave the company a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on Primoris Services from $165.00 to $171.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. Wolfe Research began coverage on Primoris Services in a report on Thursday, April 9th. They issued an “outperform” rating and a $183.00 price target for the company. Wells Fargo & Company upped their price objective on Primoris Services from $138.00 to $168.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Finally, DA Davidson set a $180.00 price objective on Primoris Services in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Primoris Services presently has a consensus rating of “Moderate Buy” and an average target price of $159.25.
Read Our Latest Report on PRIM
Primoris Services Stock Up 9.5%
Shares of PRIM stock traded up $17.63 on Tuesday, reaching $203.18. 2,045,309 shares of the stock were exchanged, compared to its average volume of 795,144. The stock has a market cap of $11.02 billion, a PE ratio of 40.39 and a beta of 1.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $152.12. Primoris Services has a 1-year low of $63.36 and a 1-year high of $205.50.
Primoris Services (NYSE:PRIM – Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. On average, equities research analysts predict that Primoris Services will post 5.73 EPS for the current fiscal year.
Primoris Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Primoris Services’s dividend payout ratio is 6.36%.
Institutional Trading of Primoris Services
A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in Primoris Services by 5.5% during the 3rd quarter. NewEdge Advisors LLC now owns 2,071 shares of the company’s stock worth $284,000 after purchasing an additional 108 shares during the period. Public Employees Retirement System of Ohio boosted its position in Primoris Services by 31.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 634 shares of the company’s stock worth $87,000 after purchasing an additional 150 shares during the period. Zacks Investment Management boosted its position in Primoris Services by 0.6% during the 4th quarter. Zacks Investment Management now owns 30,277 shares of the company’s stock worth $3,759,000 after purchasing an additional 176 shares during the period. Arkadios Wealth Advisors boosted its position in Primoris Services by 14.5% during the 4th quarter. Arkadios Wealth Advisors now owns 1,836 shares of the company’s stock worth $228,000 after purchasing an additional 232 shares during the period. Finally, Prosperity Wealth Management Inc. boosted its position in Primoris Services by 4.5% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 6,350 shares of the company’s stock worth $872,000 after purchasing an additional 275 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.
Primoris Services Company Profile
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.