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

Key Points

• Primoris updated its FY 2026 EPS guidance; the article presents conflicting ranges (initially 4.80–5.00 and later 5.80–6.00), while analysts’ consensus forecast for the year is about 5.73 EPS.
• Shares jumped roughly 9.5%, rising $17.63 to $203.18 on heavy volume (2,045,309 shares vs. an average of 795,144), driving the stock near its 52-week high.
• In the most recent quarter Primoris beat estimates with $1.08 EPS on $1.86 billion of revenue (up 6.7% year-over-year), and it pays a quarterly dividend of $0.08 (annualized $0.32, ~0.2% yield).

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

Primoris Services Trading Up 9.5%

Shares of NYSE PRIM traded up $17.63 during midday trading on Tuesday, reaching $203.18. 2,045,309 shares of the company were exchanged, compared to its average volume of 795,144. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. Primoris Services has a 1 year low of $63.36 and a 1 year high of $205.50. The company's fifty day moving average is $152.12. The company has a market capitalization of $11.02 billion, a PE ratio of 40.39 and a beta of 1.50.

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 for the quarter, beating analysts' consensus estimates of $0.95 by $0.13. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The firm's revenue for the quarter 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. As a group, analysts forecast that Primoris Services will post 5.73 earnings per share for the current year.

Primoris Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Primoris Services's payout ratio is currently 6.36%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wolfe Research assumed coverage on Primoris Services in a report on Thursday, April 9th. They issued an "outperform" rating and a $183.00 price objective on the stock. Mizuho lifted their price objective on Primoris Services from $128.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, February 25th. DA Davidson set a $180.00 price target on shares of Primoris Services in a research report on Wednesday, February 25th. Guggenheim lifted their price target on shares of Primoris Services from $184.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Primoris Services from $165.00 to $171.00 and gave the company a "neutral" rating in a research report on Wednesday, April 1st. One investment 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. According to data from MarketBeat.com, Primoris Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PRIM. NewEdge Advisors LLC raised its holdings in Primoris Services by 5.5% in the 3rd quarter. NewEdge Advisors LLC now owns 2,071 shares of the company's stock valued at $284,000 after acquiring an additional 108 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in 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 acquiring an additional 150 shares during the last quarter. Zacks Investment Management raised its holdings in Primoris Services by 0.6% in the 4th quarter. Zacks Investment Management now owns 30,277 shares of the company's stock valued at $3,759,000 after acquiring an additional 176 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Primoris Services by 14.5% in the 4th quarter. Arkadios Wealth Advisors now owns 1,836 shares of the company's stock valued at $228,000 after acquiring an additional 232 shares during the last quarter. Finally, Prosperity Wealth Management Inc. raised its holdings in Primoris Services by 4.5% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 6,350 shares of the company's stock valued at $872,000 after acquiring an additional 275 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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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