Primoris Services (NYSE:PRIM) Releases Earnings Results, Misses Expectations By $0.28 EPS

Primoris Services (NYSE:PRIM) issued its quarterly earnings data on Tuesday. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.28), FiscalAI reports. Primoris Services had a net margin of 3.31% and a return on equity of 16.66%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm earned $0.98 EPS. The company’s revenue was down 5.4% on a year-over-year basis. Primoris Services updated its FY 2026 guidance to 4.800-5.000 EPS.

Primoris Services Price Performance

Shares of NYSE PRIM traded up $6.68 during mid-day trading on Thursday, hitting $107.91. 2,849,759 shares of the company’s stock traded hands, compared to its average volume of 967,079. The business has a 50-day moving average of $151.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $5.85 billion, a P/E ratio of 23.73 and a beta of 1.50. Primoris Services has a 1 year low of $67.15 and a 1 year high of $205.50.

Primoris Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, June 30th. Primoris Services’s dividend payout ratio is currently 6.36%.

Wall Street Analysts Forecast Growth

PRIM has been the subject of a number of recent research reports. DA Davidson set a $180.00 price objective on shares of Primoris Services in a research report on Wednesday, February 25th. JPMorgan Chase & Co. boosted their price target on shares of Primoris Services from $165.00 to $171.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group boosted their price target on shares of Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a research note on Wednesday, January 28th. Wolfe Research assumed coverage on shares of Primoris Services in a research report on Thursday, April 9th. They set an “outperform” rating and a $183.00 target price on the stock. Finally, Guggenheim upped their target price 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $163.33.

Key Primoris Services News

Here are the key news stories impacting Primoris Services this week:

• Positive Sentiment: KeyCorp cut its price target but maintained an “overweight” rating, signaling continued analyst conviction and giving dip buyers a reason to step in. KeyCorp Price Target Note
• Positive Sentiment: Large institutions have been net buyers in recent quarters (e.g., BlackRock, Wellington and others added substantial positions), which can support a recovery as value investors re‑weight into the name. Institutional Activity
• Positive Sentiment: Primoris pays a small quarterly dividend (declared April 30), which marginally supports income‑oriented buyers looking for yield in the industrials space. Dividend Notice
• Neutral Sentiment: The company set FY2026 EPS guidance of $4.80–$5.00; guidance provides a forward anchor but sits below some street estimates, so investors will watch upcoming revisions and the cadence of quarterly results. FY2026 Guidance/Press Release
• Neutral Sentiment: Management materials and the Q1 earnings transcript/slide deck are available for investors to parse details on segment performance and cash flow trends. Earnings Transcript/Slides
• Negative Sentiment: Q1 results materially missed expectations: revenue and EPS declined year‑over‑year (revenue ~$1.56B vs. consensus ~1.73B; EPS missed) and operating cash flow swung negative — the miss triggered the earlier sharp share decline and remains an earnings‑pressure signal. Q1 Results
• Negative Sentiment: Multiple law firms and a securities‑fraud investigation notice have appeared following the earnings miss, raising litigation risk and uncertainty around management disclosures. That pressure typically weighs on sentiment until resolved. Investigation Notice
• Negative Sentiment: Insider selling and prior analyst downgrades/sell ratings (and a wide range of price targets) add to downward pressure and increase volatility until execution and cash‑flow trends stabilize. Insider/Analyst Activity

Institutional Trading of Primoris Services

Several hedge funds have recently made changes to their positions in the business. Osterweis Capital Management Inc. bought a new position in Primoris Services during the 2nd quarter valued at about $34,000. NewEdge Advisors LLC grew its holdings in Primoris Services by 34.5% during the 1st quarter. NewEdge Advisors LLC now owns 757 shares of the company’s stock valued at $43,000 after purchasing an additional 194 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Primoris Services by 31.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 634 shares of the company’s stock valued at $87,000 after purchasing an additional 150 shares during the last quarter. Globeflex Capital L P bought a new position in Primoris Services during the 2nd quarter valued at about $102,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Primoris Services by 3,441.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,381 shares of the company’s stock valued at $108,000 after purchasing an additional 1,342 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

About Primoris Services

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.