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

Primoris Services (NYSE:PRIM) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.800-5.000 for the period. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PRIM. Cantor Fitzgerald set a $160.00 price target on shares of Primoris Services and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Guggenheim boosted their target price on shares of Primoris Services from $184.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their price target on Primoris Services from $165.00 to $171.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. DA Davidson set a $180.00 price target on Primoris Services in a research note on Wednesday, February 25th. Finally, Wells Fargo & Company upped their price target on shares of Primoris Services from $138.00 to $168.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $159.25.

Primoris Services Stock Performance

PRIM traded down $102.82 during trading on Wednesday, hitting $100.10. The stock had a trading volume of 8,802,013 shares, compared to its average volume of 893,790. The stock has a market cap of $5.43 billion, a P/E ratio of 20.13 and a beta of 1.50. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. Primoris Services has a twelve month low of $65.23 and a twelve month high of $205.50. The business’s 50 day simple moving average is $152.79.

Primoris Services (NYSE:PRIM) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. On average, equities research analysts anticipate that Primoris Services will post 5.73 EPS for the current year.

Primoris Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, June 30th. Primoris Services’s dividend payout ratio is currently 6.36%.

Key Headlines Impacting Primoris Services

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

• Positive Sentiment: UBS upgraded and sharply raised its price target to $212, reaffirming a long-term bullish view that may provide some investor support. UBS Raise Article
• Neutral Sentiment: Company reiterated FY‑2026 EPS guidance of $4.80–$5.00, giving investors a forward anchor even as near‑term results disappointed. Q1 Results / Guidance
• Neutral Sentiment: Board declared a small quarterly cash dividend (annualized yield ~0.3%), a modest signal of capital-return continuity but unlikely to move the stock materially.
• Neutral Sentiment: Coverage and corporate-governance scrutiny: articles on directors’ locked stock awards have raised debate about capital-allocation shifts, an item worth monitoring but not an immediate catalyst. Directors Locked-Stock Article
• Negative Sentiment: Q1 earnings and revenue missed expectations: reported EPS of $0.59 vs. consensus ~$0.87 and revenue of ~$1.56B vs. ~$1.7–1.77B — a clear near-term earnings shock that drove immediate selling pressure. Earnings Miss (Zacks)
• Negative Sentiment: Operational deterioration: gross profit, operating profit and net income declined materially year‑over‑year and operating cash flow swung to a large outflow — raising near‑term liquidity and execution concerns. Quiver Financial Details
• Negative Sentiment: Shareholder litigation risk: two law firms (Block & Leviton and Johnson Fistel) announced investigations into potential claims tied to the quarter and executive conduct — this escalates legal/ reputational risk and likely amplified the sell-off. Block & Leviton Notice Johnson Fistel Notice
• Negative Sentiment: Insider selling and high-volume trading on the reaction increase short-term volatility and investor concern about management signaling. Insider / Volume Details

Hedge Funds Weigh In On Primoris Services

Several institutional investors have recently bought and sold shares of the company. Osterweis Capital Management Inc. acquired a new position in shares of Primoris Services in the second quarter valued at approximately $34,000. NewEdge Advisors LLC increased its position in shares of Primoris Services by 34.5% in the 1st quarter. NewEdge Advisors LLC now owns 757 shares of the company’s stock valued at $43,000 after purchasing an additional 194 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Primoris Services by 31.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 634 shares of the company’s stock valued at $87,000 after buying an additional 150 shares in the last quarter. Globeflex Capital L P purchased a new stake in Primoris Services during the second quarter worth about $102,000. Finally, EverSource Wealth Advisors LLC increased its stake 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.