Northland Capmk Estimates Quanta Services FY2025 Earnings

Quanta Services, Inc. (NYSE:PWR - Free Report) - Research analysts at Northland Capmk cut their FY2025 earnings estimates for Quanta Services in a note issued to investors on Wednesday, July 2nd. Northland Capmk analyst G. Richard now expects that the construction company will post earnings per share of $9.62 for the year, down from their previous estimate of $9.69. Northland Capmk has a "Hold" rating on the stock. The consensus estimate for Quanta Services' current full-year earnings is $9.34 per share.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. The firm had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. The business's revenue was up 23.9% compared to the same quarter last year.

Other equities analysts have also issued research reports about the stock. B. Riley increased their price objective on shares of Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. DA Davidson upped their target price on shares of Quanta Services from $295.00 to $305.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. BMO Capital Markets set a $352.00 price target on Quanta Services in a research report on Friday, May 2nd. Stifel Nicolaus boosted their price objective on Quanta Services from $306.00 to $363.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Northland Securities lowered Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price objective for the company. in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of "Moderate Buy" and an average price target of $350.95.

Quanta Services Price Performance

Shares of NYSE PWR traded up $13.10 during midday trading on Friday, reaching $386.51. 869,625 shares of the stock traded hands, compared to its average volume of 1,121,142. The company's 50 day moving average is $347.47 and its 200 day moving average is $308.59. Quanta Services has a one year low of $227.08 and a one year high of $387.37. The stock has a market capitalization of $57.30 billion, a PE ratio of 62.34, a P/E/G ratio of 3.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 1.26.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date is Tuesday, July 1st. Quanta Services's dividend payout ratio (DPR) is presently 6.45%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PWR. Brighton Jones LLC purchased a new position in Quanta Services in the fourth quarter valued at about $298,000. SVB Wealth LLC bought a new position in shares of Quanta Services during the 4th quarter worth approximately $323,000. Fisher Asset Management LLC lifted its position in Quanta Services by 40.1% during the fourth quarter. Fisher Asset Management LLC now owns 989 shares of the construction company's stock valued at $313,000 after acquiring an additional 283 shares during the last quarter. Modera Wealth Management LLC acquired a new stake in Quanta Services in the fourth quarter valued at approximately $215,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Quanta Services during the fourth quarter worth $227,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.