GLJ Research has initiated coverage on Primoris Services Corp (PRIM) with a Buy rating as of September 21, 2025. This marks the firm's first assessment of the company's investment potential, reflecting its analysis of the construction sector and Primoris's growth prospects.
Headquartered in Dallas, Texas, Primoris Services Corp operates as a holding company that provides a range of construction, fabrication, maintenance, replacement, and engineering services. The company serves a diversified customer base through its two segments: Utilities and Energy. The Utilities segment focuses on installing and maintaining natural gas and electric utility distribution systems, while the Energy segment specializes in engineering, procurement, construction, and maintenance services across the energy, renewable energy, and petrochemical industries.
As of November 20, 2025, Primoris has a market capitalization of $6.6 billion, a P/E ratio of 23.88, and an impressive dividend yield of 26.1%. Recent earnings reports indicate a strong performance, with Q3 2025 EPS of $1.88 surpassing estimates by 33.5%.
This update provides insight into the evolving landscape of analyst ratings, where GLJ Research's Buy rating adds to the existing consensus of 4 Strong Buy, 11 Buy, and 3 Hold ratings among analysts. Upcoming earnings are expected on August 3, 2026, with an EPS estimate of $1.67 and revenue of $2.1 billion. Analyst ratings can fluctuate as new information becomes available, highlighting the importance of considering multiple factors in investment decisions.