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

Primoris Services (NYSE:PRIM) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 2.050-2.600 for the period. The company issued revenue guidance of -.

Primoris Services Trading Down 21.8%

NYSE PRIM opened at $84.69 on Wednesday. Primoris Services has a 12 month low of $65.00 and a 12 month high of $205.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $129.09 and a 200-day moving average of $138.14. The company has a market cap of $4.59 billion, a PE ratio of 18.65 and a beta of 1.37.

Primoris Services (NYSE:PRIM) last issued its earnings results on Tuesday, May 5th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.28). The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a return on equity of 16.48% and a net margin of 3.31%.Primoris Services’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. On average, equities research analysts anticipate that Primoris Services will post 4.55 EPS for the current fiscal year.

Primoris Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Primoris Services’s dividend payout ratio is presently 7.05%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PRIM. Wells Fargo & Company lowered their price target on Primoris Services from $118.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday. UBS Group dropped their price target on Primoris Services from $212.00 to $186.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Guggenheim reaffirmed a “buy” rating and set a $162.00 price objective on shares of Primoris Services in a research report on Tuesday. Mizuho dropped their price objective on shares of Primoris Services from $135.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings downgraded shares of Primoris Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.33.

Insider Transactions at Primoris Services

In other Primoris Services news, insider John M. Perisich sold 29,707 shares of Primoris Services stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $127.86, for a total value of $3,798,337.02. Following the completion of the sale, the insider owned 27,574 shares in the company, valued at $3,525,611.64. The trade was a 51.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Lee King sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total transaction of $2,381,800.00. Following the transaction, the director owned 14,941 shares in the company, valued at approximately $1,779,323.69. The trade was a 57.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

Key Primoris Services News

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

• Positive Sentiment: Mizuho, Wells Fargo, Guggenheim, and KeyCorp maintained ratings on PRIM, and Guggenheim reiterated a bullish view with a $162 price target, suggesting some analysts still see upside despite the setback. Analyst rating updates
• Neutral Sentiment: The company also announced about $2 billion in new second-quarter project awards in energy markets, which could help offset some of the renewables weakness over time. Primoris Services Corporation Provides Business Update
• Neutral Sentiment: Primoris updated FY 2026 guidance again, but the new range still reflects a much weaker earnings profile than investors had previously modeled. Primoris Services Corporation Provides Business Update
• Negative Sentiment: Primoris disclosed additional renewables cost overruns and project delays, reinforcing concerns about execution in a key business line. Primoris Services Corporation Provides Business Update
• Negative Sentiment: The departure of the company’s COO adds leadership uncertainty at a time when investors are already worried about operational problems and margin pressure. Primoris Services Corporation Provides Business Update
• Negative Sentiment: Multiple law firms announced securities-fraud investigations, which can weigh on sentiment because they raise the possibility of legal costs and disclosure issues. Shareholder Alert: Ademi LLP Investigates Claims of Securities Fraud against Primoris Services Corporation

Institutional Trading of Primoris Services

A number of institutional investors have recently modified their holdings of PRIM. Arkadios Wealth Advisors boosted its holdings in shares of Primoris Services by 14.5% during 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 in the last quarter. Castleark Management LLC acquired a new stake in shares of Primoris Services during the fourth quarter valued at about $139,000. Systematic Alpha Investments LLC bought a new stake in shares of Primoris Services during the fourth quarter worth about $236,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Primoris Services in the third quarter valued at approximately $223,000. Finally, FORA Capital LLC acquired a new stake in Primoris Services during the 3rd quarter worth approximately $224,000. 91.82% of the stock is currently owned by 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.