Wells Fargo has initiated coverage on Primoris Services Corp (PRIM) with an Equal-Weight rating, marking the firm's first assessment of the company's investment potential. This decision reflects Wells Fargo's analysis of Primoris's business, industry dynamics, and growth prospects.
Based in Dallas, Texas, Primoris Services Corp operates in the construction sector, providing a range of services including construction, fabrication, maintenance, replacement, and engineering. The company serves a diverse customer base through its Utilities and Energy segments, with the former focusing on utility distribution systems and the latter specializing in services for the energy and petrochemical industries. As of November 8, 2025, Primoris has a market capitalization of $6.8 billion and a P/E ratio of 28.38, with earnings per share (EPS) at $4.40 and a dividend yield of 25.3%.
Upcoming earnings reports are scheduled for May 3, 2026, and August 2, 2026, with EPS estimates of $1.05 and $1.66, respectively. Recent earnings performance has shown significant surprises, including a Q3 2025 EPS of $1.88, exceeding estimates by 33.5%.
Analyst ratings, such as those from Wells Fargo, provide insights based on research and financial models, but they should be considered alongside other factors like company fundamentals and market trends. As of November 1, 2025, analyst consensus on Primoris stands at 4 Strong Buy, 11 Buy, and 3 Hold, indicating a generally favorable outlook among analysts.