Primoris Services Corporation Declares Quarterly Dividend of $0.08 (NYSE:PRIM)

Key Points

• Primoris declared a quarterly cash dividend of $0.08 per share (record June 30, pay July 15), implying roughly a 0.3% yield.
• Q1 results disappointed: the company reported $0.59 EPS vs. $0.87 expected and revenue of $1.56B (down 5.4% YoY), and the stock has fallen sharply (reported down ~44.9%) amid weaker profits and operating cash flow.
• Management set FY‑2026 guidance of $4.80–$5.00 EPS, below the street average (~$5.73), increasing the risk of analyst cuts given recent margin and cash‑flow deterioration.

Primoris Services Corporation (NYSE:PRIM - Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.08 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

Primoris Services has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Primoris Services has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Primoris Services to earn $6.37 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 5.0%.

Primoris Services Stock Down 44.9%

Shares of NYSE:PRIM opened at $111.85 on Wednesday. The business has a fifty day simple moving average of $152.79. Primoris Services has a 52 week low of $65.23 and a 52 week high of $205.50. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.07 billion, a PE ratio of 22.50 and a beta of 1.50.

Primoris Services (NYSE:PRIM - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.28). The business had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.73 billion. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. 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, analysts expect that Primoris Services will post 5.73 earnings per share for the current year.

Key Primoris Services News

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

• Positive Sentiment: UBS raised its price target to $212 and issued a "buy" on PRIM (this is demand‑side support from a major sell‑side firm). UBS raises target to $212
• Positive Sentiment: Board announced a quarterly cash dividend of $0.08/share (record June 30, pay July 15) — a modest cash return to shareholders (yield ~0.2%).
• Neutral Sentiment: Directors’ locked‑up stock awards and recent insider trading have raised questions about capital allocation and executive alignment; implications are ambiguous for near‑term cash use vs. governance. Directors' locked-up awards
• Neutral Sentiment: Large institutional activity is noticeable (BlackRock and others added big positions in recent quarters), showing continued investor interest despite volatility — watch 13F/ownership updates for conviction signals. Institutional & hedge fund activity
• Negative Sentiment: Q1 results disappointed: revenue ~$1.56B (down 5.4% YoY) and EPS $0.59 missed consensus (~$0.87). Energy‑segment weakness drove the top‑line shortfall. Q1 press release
• Negative Sentiment: Profitability and cash flow contracted sharply: gross profit and operating profit fell year‑over‑year, net income declined ~60%, and operating cash flow swung to a large outflow — these metrics raise near‑term liquidity and execution concerns. The market reacted strongly to these operating misses. Detailed Q1 financials & market reaction
• Negative Sentiment: FY‑2026 EPS guidance of $4.80–$5.00 is below the street average (~$5.73), increasing the risk of further analyst downgrades or target cuts if execution doesn't reaccelerate. What spooked investors

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.

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