Primoris Services stock falls 5.54 percent, 26.06 percent below Argus target
Published on 10/15/2026 at 21:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings date
- Argus lowered its Primoris Services target to USD 93.00 on October 14, 2026.
- Second-quarter 2026 revenue was USD 1.69 billion, while net income attributable to common shareholders was negative USD 24.20 million.
- Primoris Services stock costs EUR 65.98 at Lang & Schwarz on October 15, 2026 at 9:48 p.m. CEST, down 5.54 percent on the NYSE versus the prior close of October 14, 2026 at USD 78.03.
- Primoris Services is expected to report third-quarter 2026 results on November 2, 2026.
Primoris Services stock fell 5.54 percent on the NYSE on October 15, 2026, leaving the price 26.06 percent below Argus's USD 93.00 target. Yahoo Finance reported the target change on October 14, 2026. The euro quote was EUR 65.98 at Lang & Schwarz on October 15, 2026 at 9:48 p.m. CEST.
Target reset follows weak revenue
Argus kept a Buy rating while lowering its target to USD 93.00, according to the October 14, 2026 report. The target remains 26.06 percent above the latest NYSE price of USD 73.71, using the same home-exchange currency.
Primoris reported USD 1.69 billion in revenue for the second quarter of 2026, down 10.70 percent from USD 1.88 billion in the year-earlier quarter. Net income attributable to common shareholders was negative USD 24.20 million, while diluted earnings per share were negative USD 0.45. MarketBeat reported the quarterly figures and the year-over-year revenue comparison.
Price position after October 15
The primary-market quote stood at USD 73.71 at 3:55 p.m. ET on October 15, 2026. The 52-week range was USD 65.00 to USD 205.50, placing the price 13.40 percent above the low and 64.13 percent below the high. Trading volume reached 1,704,212 shares, compared with an average of 1,294,768.
Valuation and November 2 date
Primoris carried a market capitalization of USD 4.0 billion and a price-to-earnings ratio of 29.03 on October 15, 2026. The company is expected to report third-quarter 2026 results on November 2, 2026, after the market closes, according to MarketBeat. The same page lists consensus expectations of USD 2.02 billion in revenue and USD 0.78 in earnings per share for that quarter.
Comparison with peers
Primoris Services Corporation (NYSE, USD): minus 5.54 percent, P/E 29.03, market capitalization USD 4.0 billion.
Quanta Services (NYSE, USD): minus 2.74 percent, P/E 73.63, market capitalization USD 96.6 billion.
Aecom (NYSE, USD): plus 1.46 percent, P/E 27.09, market capitalization USD 7.6 billion.
Euro quote after the Xetra close
At Lang & Schwarz, Primoris Services stood at EUR 65.98 on October 15, 2026 at 9:48 p.m. CEST. Its bid was EUR 65.76 and its ask was EUR 66.20.
The further course of trading is shown by the continuously updated real-time quote of Primoris Services stock.
Primoris Services stock at a glance
- Company: Primoris Services Corporation
- ISIN: US74164F1030
- Ticker: PRIM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 9:48 p.m. CEST): EUR 65.98
- Change on the NYSE: minus 5.54 percent versus the October 14, 2026 close of USD 78.03
- Market capitalization: USD 4.0 billion (as of October 15, 2026)
- 52-week range: USD 65.00-205.50 (as of October 15, 2026)
- Sector / Industry: Industrials / Engineering and Construction
Market context: Market report S&P 500.
