Primoris Services Corporation

NYSE:PRIM Stock Report

Market Cap: US$5.5b

Primoris Services Dividends and Buybacks

Dividend criteria checks 0/6

Primoris Services is a dividend paying company with a current yield of 0.3%.

Key information

0.3%

Dividend yield

0.4%

Buyback Yield

Total Shareholder Yield0.7%
Future Dividend Yield0.3%
Dividend Growth3.0%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio7%

Recent dividend and buyback updates

Recent updates

Analysis Article May 09

Primoris Services Corporation Just Missed EPS By 57%: Here's What Analysts Think Will Happen Next

As you might know, Primoris Services Corporation ( NYSE:PRIM ) last week released its latest first-quarter, and things...
Narrative Update Apr 29

PRIM: Q4 Execution And 2026 Outlook Will Support Upside

Primoris Services’ updated analyst price target has moved from $201.02 to $205.00 as analysts incorporate recent Q4 results, refreshed models, and revised P/E assumptions into their outlook. Analyst Commentary Bullish analysts have been steadily marking up their price targets on Primoris following the latest Q4 report and updated outlook, with several citing refreshed models and revised P/E assumptions as the key drivers.
Narrative Update Apr 14

PRIM: Elevated Expectations Around 2026 Outlook Will Expose Execution Risk

Analysts have raised their average price target for Primoris Services to $144.20 from $139.00, reflecting updated models that incorporate recent Q4 results, refreshed 2026 outlooks, and a series of upward target revisions from major research firms. Analyst Commentary Recent research on Primoris clusters around a constructive view on the business following Q4 results and refreshed 2026 outlooks, but not all commentary is enthusiastic.
Narrative Update Mar 31

PRIM: Renewable Tax Credit Clarity And 2026 Outlook Will Drive Upside

Analysts have raised their average price targets on Primoris to a higher range of $165 to $180, citing the recent Q4 earnings beat, updated 2026 outlook, and refreshed models that reflect modestly adjusted growth, margin, and P/E assumptions. Analyst Commentary Recent Street research around Primoris is broadly constructive, with several bullish analysts lifting price targets into a higher range following the Q4 report and updated 2026 outlook.
Narrative Update Mar 17

PRIM: Renewable Tax Credit Clarity Will Shape Balanced Opportunity And Execution Risk

Primoris Services' analyst fair value estimate moves from $128 to $139, reflecting updated models that assume slightly higher revenue growth, a modestly stronger profit margin profile, a marginally lower discount rate, and a somewhat lower future P/E multiple as analysts incorporate recent price target hikes following the Q4 report and 2026 outlook. Analyst Commentary Recent Street research on Primoris Services reflects a generally constructive stance after the Q4 report and 2026 outlook, with several firms updating price targets and models.
Narrative Update Mar 03

PRIM: Renewable Tax Credit Clarity Will Support 2026 Upside Potential

Narrative Update on Primoris Services The updated analyst fair value estimate for Primoris Services has shifted from $175.00 to about $201.02. This reflects a series of higher price targets following Q4 results, where analysts pointed to a stronger modeled profit margin, a slightly higher future P/E assumption, and ongoing interest in the company despite some solar project challenges.
Narrative Update Feb 17

PRIM: Renewable Tax Credit Dependence Will Heighten Execution Risk Through 2026

Analysts have raised their fair value estimate for Primoris Services by $11, increasing it from $117 to $128. This change reflects updated assumptions on revenue growth, profit margin, and a higher future P/E multiple following recent price target revisions and new coverage from the Street.
Analysis Article Feb 07

Primoris Services Corporation (NYSE:PRIM) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected

The Primoris Services Corporation ( NYSE:PRIM ) share price has done very well over the last month, posting an...
Narrative Update Feb 02

PRIM: Future Returns Will Depend On Data Center And Renewable Execution

Analysts have modestly raised their price target on Primoris Services to about US$153 from roughly US$149, citing updated views on revenue growth, profit margin potential, and a slightly higher future P/E multiple supported by recent research coverage and target revisions. Analyst Commentary Bullish Takeaways Bullish analysts see room for higher valuation multiples, with one raising the price target by US$16 and another lifting their target to US$159, suggesting they view Primoris as underappreciated relative to its earnings profile.
Narrative Update Jan 19

PRIM: Renewables And Tax Credit Tailwinds Will Support 2026 Upside Potential

Narrative Update on Primoris Services Analysts have lifted their fair value estimate for Primoris Services to $175 from $110, citing a higher assumed revenue growth rate of 9.62%, modestly stronger profit margins, and a richer future P/E of about 29.95x that they link to ongoing renewables, solar and storage, and data center related opportunities discussed in recent research. Analyst Commentary Recent Street research on Primoris Services highlights a mix of enthusiasm around growth drivers in renewables, solar and storage, and data center related work, balanced against more neutral commentary on valuation after the share price re-rated.
Narrative Update Jan 05

PRIM: Data Center And Clean Energy Hopes Will Face Execution Risk

Analysts have lifted their price targets on Primoris Services into a rough $138 to $170 range, citing stronger interest in data center and clean energy projects, improving utility segment margins, and exposure to long-term gas-fired generation and pipeline trends, while also noting more balanced risk after the stock's sharp re-rating. Analyst Commentary Recent Street research on Primoris Services offers a mix of optimism about long-term themes and caution around how much of that story may already be reflected in the share price.
Narrative Update Dec 15

PRIM: Clean Energy And Data Center Pipeline Will Drive Mixed Market Expectations

Analysts have raised their fair value estimate for Primoris Services from $70.16 to $117.00 per share, citing stronger expected revenue growth, slightly higher margins, and a growing clean energy and data center pipeline that they believe supports a higher future earnings multiple. Analyst Commentary Recent Street research reflects a more nuanced view of Primoris, with a mix of higher price targets and growing caution around the near term risk reward.
Narrative Update Dec 01

PRIM: Future Gains Will Be Driven By Data Center And Power Delivery Momentum

Analysts have slightly decreased their fair value estimate for Primoris Services from $153.36 to $149.08 per share, citing ongoing volatility in energy bookings and a more balanced near-term outlook for growth and margins. Analyst Commentary Recent Street research presents a split view on Primoris Services, reflecting both enthusiasm for growth drivers and caution regarding short-term volatility and competitive risks.
Seeking Alpha Nov 21

Primoris Services: An Emerging Data Center Infrastructure Play

Summary Primoris Services Corporation is capitalizing on AI data center growth and renewable energy trends, driving robust revenue and backlog expansion. Q3 FY 2025 revenue surged 32.1% YoY to $2.18 billion, with strong performance in both Energy and Utilities segments and improved gross margin targets. PRIM's backlog reached $11.0 billion, with a record $6.96 billion in multi-year agreements, enhancing revenue stability and reducing reliance on one-off projects. Management raised FY 2025 guidance, projecting GAAP EPS of $4.75-$4.95 and adjusted EPS of $5.35-$5.55, reflecting confidence in continued growth momentum. Read the full article on Seeking Alpha
Narrative Update Nov 17

PRIM: Future Gains Will Be Driven By Renewables Segment Momentum

Analysts have increased their price target for Primoris Services by approximately $6, raising it from $147 to $153. They cited strong revenue performance in renewables and confidence in long-term growth drivers as reasons for the increase.
Analysis Article Nov 07

Primoris Services Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Primoris Services Corporation ( NYSE:PRIM ) investors will be delighted, with the company turning in some strong...
Narrative Update Nov 01

PRIM: Utility and Renewables Demand Will Support Measured Upside Amid CEO Transition

Analysts have increased their fair value estimate for Primoris Services from $139.56 to $147.30. They cite sustained growth in utility-scale solutions, favorable exposure to U.S.-based manufacturing, and visibility into long-term cash flows.
Narrative Update Oct 17

North American Renewables And Utilities Will Drive Future Demand

Analysts have increased their price target for Primoris Services from $130.11 to $139.56 per share, citing stronger revenue growth forecasts and continued industry tailwinds. Analyst Commentary Recent Street Research offers both optimistic and cautious perspectives on Primoris Services, reflecting differing expectations for growth, execution, and sector momentum as new quarterly reports approach.
Narrative Update Oct 03

North American Renewables And Utilities Will Drive Future Demand

Analysts have raised their price target for Primoris Services from approximately $127.56 to $130.11. This change reflects improved growth prospects and sustained momentum across key business segments.
Narrative Update Sep 17

North American Renewables And Utilities Will Drive Future Demand

Primoris Services’ consensus price target has increased to $127.56, reflecting strengthening long-term growth prospects in power and renewables, robust execution and guidance, and favorable legislative tailwinds. Analyst Commentary Bullish analysts cite durable, long-tail growth prospects in Power Delivery, Renewables, and Natural Gas Generation segments, supporting higher valuation multiples.
Analysis Article Aug 27

Subdued Growth No Barrier To Primoris Services Corporation (NYSE:PRIM) With Shares Advancing 26%

Despite an already strong run, Primoris Services Corporation ( NYSE:PRIM ) shares have been powering on, with a gain of...
Narrative Update Aug 07

North American Renewables And Utilities Will Drive Future Demand

As both net profit margin (3.83%) and consensus revenue growth (6.7%) forecasts for Primoris Services remained unchanged, analysts have left their fair value estimate steady at $117.44. What's in the News Raised annual earnings guidance, expecting net income between $241.0 million and $252.0 million, or $4.40 to $4.60 per diluted share.
Analysis Article Jun 30

We Think Primoris Services (NYSE:PRIM) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jun 16

Is Now The Time To Look At Buying Primoris Services Corporation (NYSE:PRIM)?

Primoris Services Corporation ( NYSE:PRIM ), is not the largest company out there, but it saw a significant share price...
Analysis Article May 20

A Look At The Fair Value Of Primoris Services Corporation (NYSE:PRIM)

Key Insights Primoris Services' estimated fair value is US$66.98 based on 2 Stage Free Cash Flow to Equity Primoris...
Seeking Alpha Mar 11

Primoris: Some Admirable Facets, But Going Through Some Wobbles

Summary Primoris Services Corporation has surged by 55% over the past year, outperforming its Russell 2000 peers and infrastructure sector counterparts quite handsomely. We touch upon some of the alluring facets of the Primoris story. Relative to its peers, PRIM may appear to be cheap on a P/E basis (although it is not cheap relative to its own average), but this is a function of weak earnings. Despite recent weakness, PRIM still looks overbought versus other infrastructure peers, and the charts suggest investors would be better off waiting for the stock to drop to a congestion zone. Read the full article on Seeking Alpha

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: PRIM is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: PRIM is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Dividend Yield vs Market

Primoris Services Dividend Yield vs Market
How does PRIM dividend yield compare to the market?
SegmentDividend Yield
Company (PRIM)0.3%
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.2%
Industry Average (Construction)0.2%
Analyst forecast (PRIM) (up to 3 years)0.3%

Notable Dividend: PRIM's dividend (0.3%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: PRIM's dividend (0.3%) is low compared to the top 25% of dividend payers in the US market (4.21%).


Earnings Payout to Shareholders

Earnings Coverage: PRIM is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: PRIM is not paying a notable dividend for the US market.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 18:24
End of Day Share Price 2026/05/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Primoris Services Corporation is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert BurlesonCanaccord Genuity
Manish SomaiyaCantor Fitzgerald & Co.
Lee JagodaCJS Securities, Inc.