Quanta Services (NYSE:PWR) Updates FY 2025 Earnings Guidance

Key Points

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Quanta Services (NYSE:PWR - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 10.280-10.880 for the period, compared to the consensus EPS estimate of 10.350. The company issued revenue guidance of $27.4 billion-$27.9 billion, compared to the consensus revenue estimate of $27.0 billion.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PWR. Roth Capital reiterated a "buy" rating and issued a $450.00 price target (up from $350.00) on shares of Quanta Services in a research note on Tuesday. Seaport Res Ptn upgraded Quanta Services to a "hold" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lifted their target price on Quanta Services from $345.00 to $392.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Citigroup restated a "buy" rating and issued a $492.00 target price (up from $432.00) on shares of Quanta Services in a research note on Monday, July 28th. Finally, Sanford C. Bernstein downgraded Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 target price for the company. in a research note on Monday, July 28th. Eleven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $379.32.

Quanta Services Price Performance

NYSE:PWR traded down $10.95 during midday trading on Friday, hitting $395.18. 2,094,000 shares of the stock were exchanged, compared to its average volume of 1,116,995. Quanta Services has a one year low of $227.08 and a one year high of $424.94. The company has a market capitalization of $58.59 billion, a price-to-earnings ratio of 61.17, a P/E/G ratio of 2.79 and a beta of 1.08. The business has a 50-day moving average price of $375.39 and a two-hundred day moving average price of $319.00. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.59.

Quanta Services (NYSE:PWR - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%. The firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.55 billion. During the same quarter in the previous year, the company earned $1.90 earnings per share. The firm's quarterly revenue was up 21.1% compared to the same quarter last year. Sell-side analysts predict that Quanta Services will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio is currently 6.19%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Quanta Services stock. Brighton Jones LLC purchased a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 943 shares of the construction company's stock, valued at approximately $298,000. Institutional investors and hedge funds own 90.49% of the company's stock.

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.