Primoris Services Corporation (PRIM) to Distribute Quarterly Dividend of $0.08 on July 15th

Primoris Services Corporation (NYSE:PRIM) announced a quarterly dividend on Thursday, April 30th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.08 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, June 30th.

Primoris Services has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Primoris Services has a dividend payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Primoris Services to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 6.5%.

Primoris Services Stock Down 2.4%

PRIM stock opened at $93.13 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $124.85 and a two-hundred day moving average of $137.38. Primoris Services has a 12 month low of $65.00 and a 12 month high of $205.50. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 20.51 and a beta of 1.36.

Primoris Services (NYSE:PRIM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.28). Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company earned $0.98 earnings per share. Primoris Services’s revenue for the quarter was down 5.4% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. As a group, analysts forecast that Primoris Services will post 1.91 earnings per share for the current fiscal year.

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.