Primoris Services (NYSE:PRIM) Issues Earnings Results

Primoris Services (NYSE:PRIM) posted its quarterly earnings data on Tuesday. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.08, FiscalAI reports. Primoris Services had a return on equity of 16.48% and a net margin of 3.31%.The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion.

Primoris Services Trading Up 3.5%

PRIM traded up $3.06 during trading on Tuesday, hitting $90.90. 1,462,272 shares of the stock were exchanged, compared to its average volume of 1,452,280. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a 50 day simple moving average of $98.34 and a 200 day simple moving average of $129.89. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 20.02 and a beta of 1.43. Primoris Services has a 1 year low of $65.00 and a 1 year high of $205.50.

Insider Transactions at Primoris Services

In other news, Director David Lee King sold 20,000 shares of Primoris Services stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total value of $2,381,800.00. Following the transaction, the director directly owned 14,941 shares in the company, valued at approximately $1,779,323.69. This trade represents a 57.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John M. Perisich sold 29,707 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $127.86, for a total value of $3,798,337.02. Following the completion of the transaction, the insider directly owned 27,574 shares of the company’s stock, valued at approximately $3,525,611.64. The trade was a 51.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Primoris Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in Primoris Services by 5.5% during the 3rd quarter. NewEdge Advisors LLC now owns 2,071 shares of the company’s stock valued at $284,000 after acquiring an additional 108 shares during the period. Public Employees Retirement System of Ohio increased its stake in Primoris Services by 31.0% during the third quarter. Public Employees Retirement System of Ohio now owns 634 shares of the company’s stock worth $87,000 after purchasing an additional 150 shares during the period. Zacks Investment Management increased its stake in Primoris Services by 0.6% during the fourth quarter. Zacks Investment Management now owns 30,277 shares of the company’s stock worth $3,759,000 after purchasing an additional 176 shares during the period. Arkadios Wealth Advisors lifted its position in shares of Primoris Services by 14.5% during the fourth quarter. Arkadios Wealth Advisors now owns 1,836 shares of the company’s stock worth $228,000 after purchasing an additional 232 shares in the last quarter. Finally, Prosperity Wealth Management Inc. lifted its position in shares of Primoris Services by 4.5% during the third quarter. Prosperity Wealth Management Inc. now owns 6,350 shares of the company’s stock worth $872,000 after purchasing an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Key Stories Impacting Primoris Services

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

• Positive Sentiment: Analysts maintain a consensus “Moderate Buy” recommendation, which may be supporting investor confidence despite the legal news. Primoris Services Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: Investors are awaiting Primoris’s quarterly earnings report, scheduled for Tuesday, for updated information on project execution, margins, and management’s outlook. The company’s most recently reported quarter missed consensus estimates, with earnings and revenue below expectations and revenue declining year over year. Primoris Services to Announce Quarterly Earnings
• Negative Sentiment: Several law firms are promoting the same securities class action and have announced a September 21, 2026, deadline for investors to seek lead-plaintiff status. If the allegations are substantiated, Primoris could face litigation costs, potential damages, management distraction, and further scrutiny of its renewable-energy project accounting and controls. The complaints allege that cost overruns and deteriorating margins were not disclosed promptly; the allegations have not been proven. Primoris Investor Alert and Class Action Lawsuit

Wall Street Analysts Forecast Growth

PRIM has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of Primoris Services from a “neutral” rating to an “overweight” rating and increased their target price for the company from $105.00 to $116.00 in a research note on Monday, June 29th. Needham & Company LLC reduced their price objective on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Guggenheim reissued a “buy” rating and issued a $162.00 price objective on shares of Primoris Services in a research note on Tuesday, June 23rd. The Goldman Sachs Group upgraded Primoris Services from a “sell” rating to a “neutral” rating and dropped their target price for the company from $107.00 to $102.00 in a research report on Thursday, June 25th. Finally, Oppenheimer initiated coverage on Primoris Services in a report on Tuesday, July 7th. They issued an “outperform” rating and a $135.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $137.47.

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.