FY2025 Earnings Forecast for Quanta Services, Inc. Issued By DA Davidson (NYSE:PWR)

Quanta Services, Inc. (NYSE:PWR - Free Report) - Analysts at DA Davidson increased their FY2025 EPS estimates for shares of Quanta Services in a research report issued on Tuesday, May 7th. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $8.54 for the year, up from their previous forecast of $8.33. DA Davidson has a "Neutral" rating and a $250.00 price target on the stock. The consensus estimate for Quanta Services' current full-year earnings is $7.63 per share.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, February 22nd. The construction company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.21. The business had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.19 billion. Quanta Services had a net margin of 3.57% and a return on equity of 16.25%. The company's revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS.

A number of other research firms have also recently weighed in on PWR. Citigroup raised their price target on shares of Quanta Services from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, April 22nd. Evercore ISI lifted their target price on shares of Quanta Services from $255.00 to $288.00 and gave the stock an "outperform" rating in a research note on Tuesday. Stifel Nicolaus lifted their target price on shares of Quanta Services from $237.00 to $252.00 and gave the stock a "buy" rating in a research note on Friday, February 23rd. KeyCorp assumed coverage on shares of Quanta Services in a research note on Wednesday, January 10th. They issued a "sector weight" rating for the company. Finally, The Goldman Sachs Group lifted their target price on shares of Quanta Services from $227.00 to $259.00 and gave the stock a "buy" rating in a research note on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $262.00.

Quanta Services Stock Down 0.8 %

Shares of NYSE:PWR traded down $2.02 during trading on Wednesday, reaching $264.86. The stock had a trading volume of 977,829 shares, compared to its average volume of 942,267. Quanta Services has a one year low of $153.74 and a one year high of $271.96. The company has a market capitalization of $38.77 billion, a P/E ratio of 51.33 and a beta of 1.10. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The firm's 50-day simple moving average is $252.43 and its 200 day simple moving average is $216.74.

Institutional Investors Weigh In On Quanta Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in PWR. Private Ocean LLC acquired a new stake in Quanta Services during the 1st quarter worth $26,000. Salomon & Ludwin LLC acquired a new stake in Quanta Services during the 1st quarter worth $26,000. Grove Bank & Trust boosted its stake in Quanta Services by 75.6% during the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company's stock worth $30,000 after purchasing an additional 68 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Quanta Services by 47.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company's stock worth $34,000 after purchasing an additional 52 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Quanta Services during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Insider Activity

In other news, EVP Donald Wayne sold 1,101 shares of Quanta Services stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the transaction, the executive vice president now directly owns 40,065 shares of the company's stock, valued at approximately $10,494,626.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Margaret B. Shannon sold 8,515 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $239.92, for a total value of $2,042,918.80. Following the completion of the sale, the director now owns 34,063 shares of the company's stock, valued at approximately $8,172,394.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Donald Wayne sold 1,101 shares of the business's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the sale, the executive vice president now directly owns 40,065 shares of the company's stock, valued at approximately $10,494,626.10. The disclosure for this sale can be found here. Insiders sold a total of 47,125 shares of company stock valued at $11,270,215 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, April 8th. Quanta Services's dividend payout ratio (DPR) is 6.98%.

About Quanta Services

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.