What is KeyCorp’s Forecast for PRIM FY2026 Earnings?

Primoris Services Corporation (NYSE:PRIM) – Equities researchers at KeyCorp issued their FY2026 earnings per share estimates for Primoris Services in a report released on Tuesday, April 14th. KeyCorp analyst S. Jain forecasts that the company will post earnings per share of $5.64 for the year. The consensus estimate for Primoris Services’ current full-year earnings is $5.73 per share.

Primoris Services (NYSE:PRIM) last released its earnings results on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.82 billion. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.Primoris Services’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.13 earnings per share. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

PRIM has been the subject of a number of other reports. Zacks Research lowered Primoris Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. DA Davidson set a $180.00 price target on Primoris Services in a research note on Wednesday, February 25th. Wells Fargo & Company raised their price target on Primoris Services from $138.00 to $168.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. The Goldman Sachs Group raised their price target on Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. raised their price target on Primoris Services from $165.00 to $171.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Primoris Services currently has an average rating of “Moderate Buy” and an average target price of $157.00.

Primoris Services Trading Down 0.1%

NYSE:PRIM opened at $164.66 on Monday. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 32.74 and a beta of 1.38. The company has a fifty day moving average of $150.98. Primoris Services has a 12-month low of $53.13 and a 12-month high of $174.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26.

Institutional Trading of Primoris Services

A number of hedge funds and other institutional investors have recently made changes to their positions in PRIM. SBI Securities Co. Ltd. increased its position in shares of Primoris Services by 224.2% during the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the company’s stock worth $29,000 after purchasing an additional 148 shares in the last quarter. Harbour Investments Inc. acquired a new stake in shares of Primoris Services during the fourth quarter worth about $33,000. Osterweis Capital Management Inc. acquired a new stake in shares of Primoris Services during the second quarter worth about $34,000. Blue Bell Private Wealth Management LLC purchased a new stake in Primoris Services in the 3rd quarter valued at $37,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Primoris Services in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Primoris Services Dividend Announcement

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%.

Primoris Services Company Profile

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.