Shares of Primoris Services Corporation continue to demonstrate remarkable strength, trading near their 52-week peak following an exceptional quarterly earnings report and unprecedented backlog figures that have fueled investor confidence.
Exceptional Quarterly Results Drive Momentum
The fundamental catalyst for the recent share appreciation stems from Primoris Services’ outstanding Q2 2025 financial performance. The company reported earnings per share of $1.68, substantially surpassing analyst projections of $1.10. Revenue reached $1.89 billion, exceeding consensus estimates of $1.69 billion and representing a 20.9% increase compared to the same period last year. Based on these robust results, management reaffirmed its full-year 2025 EPS guidance range of $4.90 to $5.10.
Record Backlog Provides Strong Foundation
Primoris Services’ strategic emphasis on infrastructure and energy projects continues to yield significant results. The company’s backlog has reached an all-time high of $11.5 billion, marking an increase of approximately $100 million from the previous quarter. Particularly noteworthy was the growth in the Power Delivery segment, which expanded by over $600 million, underscoring the company’s strong positioning in critical infrastructure markets.
Technical Strength and Market Performance
The equity recently achieved a new 52-week high of $125.35, maintaining its consistent upward trajectory. During the latest trading session, shares closed at $123.63 after posting additional gains throughout the day. Over the past month alone, the stock has advanced by an impressive 9.1%. The technical chart structure indicates a well-established uptrend that continues to attract both institutional and retail investors.
Should investors sell immediately? Or is it worth buying Primoris Services?
Mixed Signals from Analysts and Insider Activity
Market analysts remain predominantly optimistic about Primoris Services’ prospects. Among eleven covering firms, eight maintain “Buy” recommendations while three advise “Hold” positions. Several institutions have recently raised their price targets, with new objectives reaching $129.00 to $130.00. However, Zacks Research downgraded the stock from “Strong Buy” to “Hold” on September 9.
Contrasting this generally positive sentiment, recent insider trading activity shows that Director Michael E. Ching sold 2,935 shares on September 11 at an average price of $119.89. This transaction reduced his holdings by 23.54%.
Key Financial Highlights:
* Q2 2025 EPS: $1.68 (significantly exceeded expectations)
* Q2 2025 Revenue: $1.89 billion (20.9% year-over-year growth)
* Total Backlog: $11.5 billion (record level)
* Quarterly Dividend: $0.08 per share
Ad
Primoris Services Stock: Buy or Sell?! New Primoris Services Analysis from February 5 delivers the answer:
The latest Primoris Services figures speak for themselves: Urgent action needed for Primoris Services investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from February 5.
Primoris Services: Buy or sell? Read more here...
