Primoris Services (NASDAQ:PRIM) Releases FY 2026 Earnings Guidance

Primoris Services (NASDAQ:PRIM) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 5.800-6.000 for the period. The company issued revenue guidance of -.

Primoris Services Price Performance

NASDAQ:PRIM opened at $151.40 on Wednesday. The firm’s fifty day moving average is $144.43 and its two-hundred day moving average is $132.97. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 50.13 and a beta of 1.37. Primoris Services has a one year low of $49.10 and a one year high of $174.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.38 and a current ratio of 1.38.

Primoris Services (NASDAQ:PRIM) last issued its quarterly earnings data on Monday, February 23rd. The construction 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 return on equity of 15.23% and a net margin of 2.68%.The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. Research analysts expect that Primoris Services will post 3.26 EPS for the current year.

Primoris Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, March 31st. Primoris Services’s payout ratio is currently 6.31%.

Wall Street Analysts Forecast Growth

PRIM has been the topic of a number of recent analyst reports. Cantor Fitzgerald set a $160.00 price target on shares of Primoris Services and gave the stock a “neutral” rating in a report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $150.00 price objective on shares of Primoris Services in a research report on Tuesday. Jefferies Financial Group reissued a “buy” rating and set a $161.00 target price on shares of Primoris Services in a research note on Wednesday, November 5th. Guggenheim upgraded Primoris Services from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company began coverage on Primoris Services in a report on Friday, November 14th. They issued an “equal weight” rating and a $138.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Primoris Services currently has a consensus rating of “Moderate Buy” and an average price target of $144.93.

Insider Buying and Selling

In other news, Director John P. Schauerman sold 7,815 shares of Primoris Services stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $136.00, for a total value of $1,062,840.00. Following the sale, the director directly owned 74,466 shares of the company’s stock, valued at $10,127,376. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carla S. Mashinski sold 2,082 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $135.14, for a total transaction of $281,361.48. Following the sale, the director directly owned 21,530 shares of the company’s stock, valued at $2,909,564.20. The trade was a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Primoris Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Primoris Services by 56.8% in the fourth quarter. State Street Corp now owns 2,011,488 shares of the construction company’s stock valued at $249,866,000 after purchasing an additional 728,646 shares during the period. First Trust Advisors LP grew its stake in shares of Primoris Services by 12.1% in the 4th quarter. First Trust Advisors LP now owns 1,958,008 shares of the construction company’s stock valued at $243,067,000 after buying an additional 211,096 shares during the period. Wellington Management Group LLP increased its holdings in shares of Primoris Services by 163.0% during the 4th quarter. Wellington Management Group LLP now owns 1,746,203 shares of the construction company’s stock worth $216,774,000 after buying an additional 1,082,218 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Primoris Services by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 710,894 shares of the construction company’s stock worth $88,250,000 after buying an additional 10,708 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Primoris Services by 38.3% during the 4th quarter. JPMorgan Chase & Co. now owns 672,192 shares of the construction company’s stock valued at $83,446,000 after buying an additional 185,992 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Primoris Services Company Profile

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.