Primoris Services (NYSE:PRIM) Announces Quarterly Earnings Results, Beats Expectations By $0.39 EPS

Primoris Services (NYSE:PRIM) issued its quarterly earnings data on Tuesday. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.39, FiscalAI reports. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2 billion. Primoris Services had a return on equity of 7.60% and a net margin of 1.36%. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 earnings per share.

Primoris Services Stock Performance

PRIM opened at $62.81 on Thursday. The company’s fifty day moving average price is $75.15 and its two-hundred day moving average price is $112.20. Primoris Services has a 1-year low of $62.40 and a 1-year high of $205.50. 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 company has a market cap of $3.38 billion, a price-to-earnings ratio of 35.85 and a beta of 1.44.

Primoris Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $0.32 annualized dividend and a yield of 0.5%. Primoris Services’s payout ratio is presently 12.55%.

Primoris Services News Roundup

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

• Positive Sentiment: Third-quarter adjusted EPS was $1.20, beating the $0.81 consensus estimate. Management also expects Energy segment margins to recover to 10%–12% in 2027, which could support a later earnings rebound. Article
• Positive Sentiment: Primoris declared a quarterly dividend of $0.08 per share, or $0.32 annualized, though the indicated yield is modest at about 0.4%.
• Negative Sentiment: Management reset 2026 EPS guidance to $1.20–$1.35. The quarter’s $1.95 billion in revenue missed estimates of $2 billion and fell 10.4% year over year; EPS was also down from $1.88 a year earlier. Article
• Negative Sentiment: Needham lowered its price target to $110, signaling a more cautious view, although the revised target remains above the share price cited in the market background. Article

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Piper Sandler assumed coverage on Primoris Services in a research report on Wednesday, September 9th. They set a “neutral” rating and a $90.00 target price on the stock. Roth Capital reaffirmed a “buy” rating and issued a $100.00 price target on shares of Primoris Services in a research report on Monday, July 20th. UBS Group reaffirmed a “neutral” rating on shares of Primoris Services in a research report on Monday, August 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $99.00 target price on shares of Primoris Services in a research report on Thursday, October 8th. Finally, Needham & Company LLC decreased their price objective on shares of Primoris Services from $172.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Primoris Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.33.

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.