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

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

Primoris Services Stock Performance

NYSE:PRIM opened at $95.20 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. The company has a market cap of $5.17 billion, a P/E ratio of 20.97 and a beta of 1.36. Primoris Services has a fifty-two week low of $65.00 and a fifty-two week high of $205.50. The firm’s 50 day moving average is $126.24 and its two-hundred day moving average is $137.69.

Primoris Services (NYSE:PRIM) last announced 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 company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. Analysts expect that Primoris Services will post 2.01 EPS for the current year.

Primoris Services Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings downgraded Primoris Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Wolfe Research reiterated an “outperform” rating and set a $149.00 target price on shares of Primoris Services in a report on Monday, June 15th. The Goldman Sachs Group raised shares of Primoris Services from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $107.00 to $102.00 in a research report on Thursday. UBS Group cut their price target on shares of Primoris Services from $212.00 to $186.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research cut shares of Primoris Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Primoris Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.67.

Insider Activity

In related news, Director David Lee King sold 20,000 shares of the business’s 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 transaction, the director directly owned 14,941 shares of the company’s stock, valued at approximately $1,779,323.69. The trade was a 57.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John M. Perisich sold 29,707 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $127.86, for a total value of $3,798,337.02. Following the completion of the transaction, the insider owned 27,574 shares of the company’s stock, valued at approximately $3,525,611.64. This represents a 51.86% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

More Primoris Services News

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

• Positive Sentiment: Goldman Sachs upgraded Primoris Services from “sell” to “neutral,” suggesting the stock may be less risky than before, even though the firm still trimmed its price target. This could offer some support to sentiment. Article source
• Neutral Sentiment: Cantor Fitzgerald lowered its price target on Primoris while keeping a neutral view, signaling that analysts still see some upside but are becoming more cautious. Article source
• Neutral Sentiment: KeyCorp reiterated a “Sector Weight” rating, but the firm also cut earnings estimates across Q2, Q3, Q4 2026 and FY2026, reflecting a more conservative outlook for Primoris’ profitability.
• Negative Sentiment: Primoris disclosed additional challenges and cost overruns in its renewables projects, along with the abrupt departure of its COO. That renewed execution concern appears to be the main driver behind the recent selloff. Article source
• Negative Sentiment: Pomerantz and other firms launched or expanded investigations into Primoris on behalf of shareholders, adding legal overhang and raising the risk of further headline pressure. Article source
• Negative Sentiment: Seeking Alpha commentary also pointed to ongoing renewables execution issues and described the stock as one to avoid, reinforcing bearish sentiment around the name. Article source

Institutional Investors Weigh In On Primoris Services

Large investors have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. purchased a new position in Primoris Services in the 2nd quarter valued at about $34,000. NewEdge Advisors LLC lifted its stake in shares of Primoris Services by 34.5% in the first quarter. NewEdge Advisors LLC now owns 757 shares of the company’s stock worth $43,000 after acquiring an additional 194 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Primoris Services by 31.0% in the third quarter. Public Employees Retirement System of Ohio now owns 634 shares of the company’s stock worth $87,000 after acquiring an additional 150 shares in the last quarter. Globeflex Capital L P purchased a new position in Primoris Services in the second quarter valued at about $102,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Primoris Services by 3,441.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,381 shares of the company’s stock valued at $108,000 after purchasing an additional 1,342 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

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.