Primoris Services Q3 Earnings Forecast Increased by KeyCorp

Primoris Services Corporation (NYSE:PRIM) – KeyCorp lifted their Q3 2026 earnings per share (EPS) estimates for shares of Primoris Services in a report released on Thursday, October 15th. KeyCorp analyst S. Jain now anticipates that the company will post earnings of $0.82 per share for the quarter, up from their prior forecast of $0.65. The consensus estimate for Primoris Services’ current full-year earnings is $1.74 per share. KeyCorp also issued estimates for Primoris Services’ Q4 2026 earnings at $0.95 EPS and FY2026 earnings at $1.95 EPS.

Primoris Services (NYSE:PRIM) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. Primoris Services’s quarterly revenue was down 10.7% on a year-over-year basis.

Several other research analysts also recently weighed in on PRIM. Jefferies Financial Group restated a “buy” rating and set a $99.00 price target on shares of Primoris Services in a research report on Thursday, October 8th. UBS Group reissued a “neutral” rating on shares of Primoris Services in a report on Monday, August 10th. Wall Street Zen lowered Primoris Services from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings lowered Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Zacks Research raised shares of Primoris Services from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Primoris Services currently has a consensus rating of “Moderate Buy” and an average price target of $123.47.

Primoris Services Stock Performance

Shares of NYSE PRIM opened at $66.80 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 26.20 and a beta of 1.44. The company has a 50 day simple moving average of $76.41 and a two-hundred day simple moving average of $100.57. Primoris Services has a 12 month low of $65.00 and a 12 month high of $205.50.

Institutional Investors Weigh In On Primoris Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in PRIM. Root Financial Partners LLC grew its position in Primoris Services by 43.1% in the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after purchasing an additional 69 shares during the last quarter. Keebeck Wealth Management lifted its stake in shares of Primoris Services by 3.5% in the 1st quarter. Keebeck Wealth Management now owns 3,710 shares of the company’s stock valued at $531,000 after purchasing an additional 125 shares during the period. Silver Oak Securities Incorporated boosted its position in shares of Primoris Services by 4.4% in the 1st quarter. Silver Oak Securities Incorporated now owns 3,552 shares of the company’s stock worth $508,000 after purchasing an additional 151 shares during the last quarter. West Tower Group LLC boosted its holdings in Primoris Services by 0.7% during the first quarter. West Tower Group LLC now owns 26,372 shares of the company’s stock worth $3,772,000 after buying an additional 172 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Primoris Services by 6.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,968 shares of the company’s stock valued at $221,000 after acquiring an additional 173 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Primoris Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, September 30th. Primoris Services’s dividend payout ratio (DPR) is currently 12.55%.

Primoris Services Company Profile

Primoris Services Corporation (NYSE: PRIM) is a specialty contractor that provides construction, engineering, maintenance and fabrication services for critical infrastructure. The company serves customers in the energy, utilities and industrial markets, with work spanning power generation, power delivery, natural gas, renewable energy, petrochemical and industrial facilities.

Its services include utility and transmission construction, renewable energy development support, underground and overhead infrastructure, pipeline construction, facility maintenance, environmental services and specialty industrial construction.