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

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PRIM shares. Wolfe Research reiterated an “outperform” rating and issued a $149.00 price target on shares of Primoris Services in a report on Monday, June 15th. Wall Street Zen downgraded shares of Primoris Services from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. KeyCorp reissued a “sector weight” rating on shares of Primoris Services in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Primoris Services from $165.00 to $171.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. Finally, Guggenheim reissued a “buy” rating and issued a $162.00 price objective on shares of Primoris Services in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.33.

Primoris Services Price Performance

Shares of NYSE:PRIM opened at $84.69 on Wednesday. Primoris Services has a 12 month low of $65.00 and a 12 month high of $205.50. The firm has a market capitalization of $4.59 billion, a P/E ratio of 18.65 and a beta of 1.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.28. The company’s fifty day moving average price is $129.09 and its 200 day moving average price is $138.14.

Primoris Services (NYSE:PRIM) last announced its earnings results on Tuesday, May 5th. The company reported $0.59 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 business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. As a group, sell-side analysts predict that Primoris Services will post 4.55 earnings per share for the current fiscal year.

Primoris Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.32 annualized dividend and a yield of 0.4%. Primoris Services’s payout ratio is presently 7.05%.

Insider Transactions at Primoris Services

In related news, Director David Lee King sold 20,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $119.09, for a total transaction of $2,381,800.00. Following the sale, the director owned 14,941 shares in the company, valued at $1,779,323.69. This represents a 57.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John M. Perisich sold 29,707 shares of Primoris Services stock in a transaction 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 in the company, valued at $3,525,611.64. The trade was a 51.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Key Primoris Services News

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

• Positive Sentiment: Mizuho, Wells Fargo, Guggenheim, and KeyCorp maintained ratings on PRIM, and Guggenheim reiterated a bullish view with a $162 price target, suggesting some analysts still see upside despite the setback. Analyst rating updates
• Neutral Sentiment: The company also announced about $2 billion in new second-quarter project awards in energy markets, which could help offset some of the renewables weakness over time. Primoris Services Corporation Provides Business Update
• Neutral Sentiment: Primoris updated FY 2026 guidance again, but the new range still reflects a much weaker earnings profile than investors had previously modeled. Primoris Services Corporation Provides Business Update
• Negative Sentiment: Primoris disclosed additional renewables cost overruns and project delays, reinforcing concerns about execution in a key business line. Primoris Services Corporation Provides Business Update
• Negative Sentiment: The departure of the company’s COO adds leadership uncertainty at a time when investors are already worried about operational problems and margin pressure. Primoris Services Corporation Provides Business Update
• Negative Sentiment: Multiple law firms announced securities-fraud investigations, which can weigh on sentiment because they raise the possibility of legal costs and disclosure issues. Shareholder Alert: Ademi LLP Investigates Claims of Securities Fraud against Primoris Services Corporation

Hedge Funds Weigh In On Primoris Services

A number of institutional investors and hedge funds have recently bought and sold shares of PRIM. Wellington Management Group LLP raised its position in Primoris Services by 163.0% in the 4th quarter. Wellington Management Group LLP now owns 1,746,203 shares of the company’s stock worth $216,774,000 after purchasing an additional 1,082,218 shares during the last quarter. State Street Corp increased its stake in shares of Primoris Services by 56.8% in the 4th quarter. State Street Corp now owns 2,011,488 shares of the company’s stock valued at $249,866,000 after buying an additional 728,646 shares during the period. Balyasny Asset Management L.P. increased its stake in shares of Primoris Services by 2,856.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 273,605 shares of the company’s stock valued at $37,574,000 after buying an additional 264,349 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Primoris Services by 88.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 538,345 shares of the company’s stock valued at $66,830,000 after purchasing an additional 251,925 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Primoris Services by 63.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 612,154 shares of the company’s stock valued at $75,993,000 after purchasing an additional 237,427 shares during the last quarter. Institutional investors 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.