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

Key Points

• Primoris declared a quarterly dividend of $0.08 per share (ex-dividend/record date March 31; payable April 15), implying a dividend yield of about 0.2%.
• The company beat estimates with $1.08 EPS versus $0.95 expected and revenue of $1.86B (up 6.7% YoY), and set FY2026 guidance of $5.80–$6.00 EPS.
• Primoris has a market cap of $7.79B and a P/E of ~28.6, and analysts give an average rating of “Moderate Buy” with an average price target of $153.20.

Primoris Services Corporation (NYSE:PRIM - Get Free Report) declared a quarterly dividend on Tuesday, February 17th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.08 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

Primoris Services has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Primoris Services has a dividend payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings.

Primoris Services Trading Up 2.2%

PRIM opened at $143.67 on Friday. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 28.56 and a beta of 1.36. Primoris Services has a twelve month low of $49.10 and a twelve month high of $174.43. The stock's 50-day simple moving average is $149.73. 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 (NYSE:PRIM - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.13. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the prior year, the company earned $1.13 EPS. Primoris Services's revenue was up 6.7% compared to the same quarter last year. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

Wall Street Analyst Weigh In

PRIM has been the topic of a number of analyst reports. Cantor Fitzgerald set a $160.00 price objective on Primoris Services and gave the stock a "neutral" rating in a research report on Tuesday, February 24th. The Goldman Sachs Group raised their target price on Primoris Services from $117.00 to $133.00 and gave the stock a "sell" rating in a research note on Wednesday, January 28th. Zacks Research cut shares of Primoris Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 31st. Mizuho raised their price objective on shares of Primoris Services from $128.00 to $143.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. Finally, DA Davidson set a $180.00 target price on shares of Primoris Services in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, ten 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 stock has an average rating of "Moderate Buy" and an average price target of $153.20.

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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