Primoris Services (NYSE:PRIM) Releases Earnings Results

Primoris Services (NYSE:PRIM) posted its earnings results on Tuesday. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.39, FiscalAI reports. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company posted $1.88 EPS. The company’s revenue for the quarter was down 10.4% on a year-over-year basis.

Primoris Services Trading Up 8.0%

Shares of Primoris Services stock opened at $79.66 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. Primoris Services has a twelve month low of $62.40 and a twelve month high of $205.50. The firm has a market capitalization of $4.29 billion, a PE ratio of 31.24 and a beta of 1.44. The firm’s 50-day moving average price is $75.28 and its 200 day moving average price is $112.60.

Primoris Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Primoris Services’s dividend payout ratio (DPR) is currently 12.55%.

Primoris Services News Summary

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

• Positive Sentiment: Third-quarter EPS was $1.20, beating analyst expectations. A report also suggests the drag from renewables may be nearing an end, which could support sentiment if it leads to improved performance. Primoris Services Q3 Earnings Surpass Estimates Primoris Services Q3 2026: EPS Beats Big as Renewables Drag Nears Its End
• Neutral Sentiment: The company declared a quarterly dividend of $0.08 per share, or $0.32 annualized, equivalent to a roughly 0.4% yield. The payout provides modest income but is unlikely to be a major stock catalyst. Primoris Services dividend announcement
• Negative Sentiment: Revenue of $1.95 billion fell short of estimates of $2 billion and declined 10.4% from a year earlier. EPS also fell from $1.88 a year ago, while a separate report characterized quarterly profit as lower—evidence that the earnings beat did not reflect year-over-year growth. Primoris Services Corporation Reports Third Quarter 2026 Results Primoris Services Corporation Q3 Profit Drops

Wall Street Analysts Forecast Growth

PRIM has been the subject of a number of analyst reports. Needham & Company LLC reduced their price target on Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a report on Monday, July 13th. UBS Group reissued a “neutral” rating on shares of Primoris Services in a report on Monday, August 10th. Guggenheim cut their price objective on Primoris Services from $162.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $99.00 target price on shares of Primoris Services in a research note on Thursday, October 8th. Finally, Zacks Research raised Primoris Services from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Primoris Services has an average rating of “Moderate Buy” and an average price target of $123.47.

Primoris Services Company Profile

Primoris Services Corporation (NYSE: PRIM) is a specialty contractor that provides construction, engineering, maintenance and fabrication services for critical infrastructure. The company serves customers in the energy, utilities and industrial markets, with work spanning power generation, power delivery, natural gas, renewable energy, petrochemical and industrial facilities.

Its services include utility and transmission construction, renewable energy development support, underground and overhead infrastructure, pipeline construction, facility maintenance, environmental services and specialty industrial construction.