Primoris Services (PRIM) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• Primoris Services will report Q1 2026 results after the close on May 5, with analysts expecting EPS $0.88 and $1.7249B in revenue, while the company has set FY2026 guidance at EPS 5.80–6.00.
• In the prior quarter Primoris beat estimates, reporting $1.08 EPS vs. $0.95 expected, and analysts on average forecast about $6 EPS for the current and next fiscal year.
• Shares trade near $173 with a 52‑week range of $58.13–$176.68 and a market cap of ~$9.38B; institutional ownership is ~91.8% and the consensus analyst rating is a Moderate Buy with a $157 price target.

Primoris Services (NYSE:PRIM - Get Free Report) is anticipated to announce its Q1 2026 results after the market closes on Tuesday, May 5th. Analysts expect Primoris Services to post earnings of $0.88 per share and revenue of $1.7249 billion for the quarter. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. Investors can find conference call details on the company's upcoming Q1 2026 earning report page for the latest details on the call scheduled for Wednesday, May 6, 2026 at 10:00 AM ET.

Primoris Services (NYSE:PRIM - Get Free Report) last issued its earnings results 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. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. The company's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.13 earnings per share. On average, analysts expect Primoris Services to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Primoris Services Stock Performance

Shares of NYSE:PRIM opened at $173.04 on Tuesday. Primoris Services has a 52-week low of $58.13 and a 52-week high of $176.68. The firm has a market capitalization of $9.38 billion, a P/E ratio of 34.40 and a beta of 1.38. 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 business's fifty day moving average is $151.58.

Primoris Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 31st. Primoris Services's payout ratio is 6.36%.

Hedge Funds Weigh In On Primoris Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Primoris Services by 56.8% during the 4th quarter. State Street Corp now owns 2,011,488 shares of the company's stock worth $249,866,000 after purchasing an additional 728,646 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Primoris Services by 12.1% during the 4th quarter. First Trust Advisors LP now owns 1,958,008 shares of the company's stock worth $243,067,000 after purchasing an additional 211,096 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Primoris Services by 163.0% during 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Primoris Services by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 710,894 shares of the company's stock worth $88,250,000 after purchasing an additional 10,708 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Primoris Services by 38.3% during the 4th quarter. JPMorgan Chase & Co. now owns 672,192 shares of the company's stock worth $83,446,000 after purchasing an additional 185,992 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PRIM. Wall Street Zen downgraded Primoris Services from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Weiss Ratings restated a "buy (b)" rating on shares of Primoris Services in a report on Tuesday, January 20th. Guggenheim increased their price objective on Primoris Services from $184.00 to $195.00 and gave the company a "buy" rating in a report on Monday, April 20th. The Goldman Sachs Group increased their price objective on Primoris Services from $117.00 to $133.00 and gave the company a "sell" rating in a report on Wednesday, January 28th. Finally, Cantor Fitzgerald set a $160.00 price objective on Primoris Services and gave the company a "neutral" rating in a report on Tuesday, February 24th. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

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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