Q1 Earnings Forecast for Primoris Services Issued By KeyCorp

Primoris Services Corporation (NYSE:PRIM) – Investment analysts at KeyCorp issued their Q1 2026 earnings per share estimates for shares of Primoris Services in a research note issued to investors on Tuesday, April 14th. KeyCorp analyst S. Jain forecasts that the company will post earnings of $0.77 per share for the quarter. KeyCorp also issued estimates for Primoris Services’ Q2 2026 earnings at $1.51 EPS, Q3 2026 earnings at $1.91 EPS, Q4 2026 earnings at $1.46 EPS and FY2027 earnings at $6.40 EPS.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company earned $1.13 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

A number of other research analysts have also recently weighed in on the stock. Guggenheim raised their price objective on shares of Primoris Services from $170.00 to $184.00 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. Zacks Research cut Primoris Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Wells Fargo & Company raised their price target on Primoris Services from $138.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. UBS Group boosted their price target on Primoris Services from $165.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, Mizuho upped their price objective on Primoris Services from $128.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.31.

Primoris Services Price Performance

Shares of NYSE PRIM opened at $158.08 on Friday. Primoris Services has a 12-month low of $53.13 and a 12-month high of $174.43. The stock has a market capitalization of $8.57 billion, a P/E ratio of 31.43 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 firm has a 50-day simple moving average of $150.82.

Primoris Services Announces Dividend

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

Hedge Funds Weigh In On Primoris Services

Several large investors have recently added to or reduced their stakes in PRIM. GSA Capital Partners LLP purchased a new stake in Primoris Services in the third quarter valued at approximately $1,726,000. J.W. Cole Advisors Inc. acquired a new position in Primoris Services during the third quarter worth approximately $1,193,000. Nordea Investment Management AB purchased a new position in Primoris Services during the fourth quarter worth approximately $7,181,000. Leuthold Group LLC raised its stake in Primoris Services by 1,350.3% during the third quarter. Leuthold Group LLC now owns 48,947 shares of the company’s stock worth $6,722,000 after purchasing an additional 45,572 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Primoris Services by 3.5% in the 3rd quarter. Federated Hermes Inc. now owns 359,876 shares of the company’s stock valued at $49,422,000 after purchasing an additional 12,091 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional 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.