KeyCorp Estimates Primoris Services’ Q1 Earnings (NYSE:PRIM)

Primoris Services Corporation (NYSE:PRIM) – Equities research analysts at KeyCorp issued their Q1 2026 earnings per share estimates for Primoris Services in a research note issued to investors on Tuesday, April 14th. KeyCorp analyst S. Jain forecasts that the company will earn $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 earnings results on Monday, February 23rd. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 earnings per share. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

Other equities analysts have also recently issued research reports about the company. Guggenheim increased their target price on Primoris Services from $170.00 to $184.00 and gave the company a “buy” rating in a report on Wednesday, April 1st. Wells Fargo & Company increased their price objective 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. The Goldman Sachs Group raised their price target on Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a research report on Wednesday, January 28th. Mizuho raised their price target on Primoris Services from $128.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, DA Davidson set a $180.00 target price on Primoris Services in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.31.

Primoris Services Price Performance

Shares of Primoris Services stock opened at $166.29 on Friday. The firm’s 50 day moving average price is $150.93. Primoris Services has a 12 month low of $53.13 and a 12 month high of $174.43. The firm has a market capitalization of $9.02 billion, a PE ratio of 33.06 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.

Primoris Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.08 per share. The ex-dividend date 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 6.36%.

Institutional Trading of Primoris Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Uncommon Cents Investing LLC increased its position in Primoris Services by 2.1% in the 3rd quarter. Uncommon Cents Investing LLC now owns 3,900 shares of the company’s stock valued at $536,000 after acquiring an additional 80 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in Primoris Services by 30.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock valued at $43,000 after purchasing an additional 81 shares in the last quarter. Assetmark Inc. boosted its holdings in Primoris Services by 9.7% in the 3rd quarter. Assetmark Inc. now owns 953 shares of the company’s stock valued at $131,000 after purchasing an additional 84 shares in the last quarter. Covestor Ltd boosted its stake in shares of Primoris Services by 13.4% during the 4th quarter. Covestor Ltd now owns 719 shares of the company’s stock worth $89,000 after acquiring an additional 85 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Primoris Services by 1.1% during the 4th quarter. CWM LLC now owns 8,970 shares of the company’s stock worth $1,114,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

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.