Primoris Services (NYSE:PRIM) Releases FY 2026 Earnings Guidance

Primoris Services (NYSE:PRIM) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.800-5.000 for the period. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PRIM. Wall Street Zen cut shares of Primoris Services from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Mizuho upped their target price on shares of Primoris Services from $128.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. The Goldman Sachs Group upped their target price on shares of Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a report on Wednesday, January 28th. DA Davidson set a $180.00 target price on shares of Primoris Services in a report on Wednesday, February 25th. Finally, Guggenheim upped their target price on shares of Primoris Services from $184.00 to $195.00 and gave the company a “buy” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $159.25.

Primoris Services Stock Up 9.5%

NYSE:PRIM traded up $17.63 during trading hours on Tuesday, reaching $203.18. 2,361,024 shares of the company’s stock were exchanged, compared to its average volume of 790,397. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 34.62 and a beta of 1.50. The firm’s 50-day moving average is $152.79. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. Primoris Services has a 1-year low of $63.36 and a 1-year high of $205.50.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.28). The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. Research analysts forecast 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 paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Primoris Services’s dividend payout ratio is currently 6.36%.

Institutional Trading of Primoris Services

Several hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of Primoris Services by 5.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 121,701 shares of the company’s stock worth $15,108,000 after acquiring an additional 6,422 shares during the period. State of Tennessee Department of Treasury lifted its stake in shares of Primoris Services by 1,703.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 21,535 shares of the company’s stock worth $2,673,000 after acquiring an additional 20,341 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Primoris Services in the 4th quarter worth $246,000. Mackenzie Financial Corp lifted its stake in shares of Primoris Services by 7.0% in the 4th quarter. Mackenzie Financial Corp now owns 407,025 shares of the company’s stock worth $50,506,000 after acquiring an additional 26,685 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Primoris Services by 27.9% in the 4th quarter. Empowered Funds LLC now owns 17,735 shares of the company’s stock worth $2,202,000 after acquiring an additional 3,868 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Primoris Services

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.