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

Primoris Services (NYSE:PRIM) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.050-2.600 for the period. The company issued revenue guidance of -.

Primoris Services Stock Up 8.7%

PRIM stock opened at $92.33 on Thursday. The company has a market cap of $5.01 billion, a P/E ratio of 20.34 and a beta of 1.36. Primoris Services has a 52 week low of $65.00 and a 52 week high of $205.50. The company’s 50-day moving average price is $127.66 and its 200 day moving average price is $137.91. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24.

Primoris Services (NYSE:PRIM) last issued its earnings results on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.28). Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business posted $0.98 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. On average, research analysts expect that Primoris Services will post 4.55 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Primoris Services’s dividend payout ratio (DPR) is presently 7.05%.

Wall Street Analyst Weigh In

A number of research firms have commented on PRIM. Wolfe Research reiterated an “outperform” rating and set a $149.00 target price on shares of Primoris Services in a research report on Monday, June 15th. Guggenheim restated a “buy” rating and issued a $162.00 price target on shares of Primoris Services in a research report on Tuesday. KeyCorp reaffirmed a “sector weight” rating on shares of Primoris Services in a research note on Tuesday. Zacks Research lowered shares of Primoris Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Primoris Services from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.33.

Insiders Place Their Bets

In other news, Director David Lee King sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total transaction of $2,381,800.00. Following the completion of the transaction, the director directly owned 14,941 shares in the company, valued at approximately $1,779,323.69. This represents a 57.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John M. Perisich sold 29,707 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $127.86, for a total value of $3,798,337.02. Following the sale, the insider directly owned 27,574 shares in the company, valued at approximately $3,525,611.64. This represents a 51.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by company insiders.

More Primoris Services News

Here are the key news stories impacting Primoris Services this week:

• Negative Sentiment: Primoris warned that its renewables projects are facing additional challenges and cost overruns, prompting another major selloff as investors reassess the company’s near-term earnings power and project profitability. Article Title
• Negative Sentiment: The company reduced FY 2026 EPS guidance to $2.05-$2.60, signaling weaker expected profitability than previously believed and raising concerns that earlier targets were too optimistic.
• Negative Sentiment: Multiple law firms have launched securities-fraud investigations into Primoris after its guidance cut and disclosure of project issues, which could create additional legal and reputational overhang for the stock. Article Title
• Negative Sentiment: Analysts have turned more cautious, with Wells Fargo cutting its price target to $85 and others pointing to the forecast reset as a sign that Primoris is becoming harder to justify on prior assumptions.
• Neutral Sentiment: Primoris also presented at the J.P. Morgan Natural Resources Conference, but that event appears secondary to the much more material guidance cut and renewables-related disruptions.

Hedge Funds Weigh In On Primoris Services

Several large investors have recently bought and sold shares of the stock. State Street Corp increased its stake in Primoris Services by 56.8% in the 4th quarter. State Street Corp now owns 2,011,488 shares of the company’s stock worth $249,866,000 after purchasing an additional 728,646 shares in the last quarter. First Trust Advisors LP increased its position in Primoris Services by 12.1% in the 4th quarter. First Trust Advisors LP now owns 1,958,008 shares of the company’s stock worth $243,067,000 after purchasing an additional 211,096 shares during the last quarter. Wellington Management Group LLP raised its position in Primoris Services by 163.0% during the fourth quarter. Wellington Management Group LLP now owns 1,746,203 shares of the company’s stock valued at $216,774,000 after acquiring an additional 1,082,218 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Primoris Services by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 710,894 shares of the company’s stock valued at $88,250,000 after purchasing an additional 10,708 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Primoris Services by 38.3% in the fourth quarter. JPMorgan Chase & Co. now owns 672,192 shares of the company’s stock worth $83,446,000 after buying an additional 185,992 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

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.