NYSE:PWR - Quanta Services Stock Price, News, Headlines & Rumors

Quanta Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "PWR."

Quanta Services announced that its Board of Directors has approved a share buyback program on Sunday, June 4th 2017, which allows the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Quanta Services Inc (NYSE:PWR) released its quarterly earnings results on Thursday, August, 2nd. The construction company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.60 by $0.01. The construction company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.51 billion. Quanta Services had a return on equity of 7.72% and a net margin of 3.10%. The firm's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. View Quanta Services' Earnings History.

Quanta Services is scheduled to release their next quarterly earnings announcement on Thursday, November, 1st 2018. View Earnings Estimates for Quanta Services.

Quanta Services updated its FY18 earnings guidance on Thursday, August, 2nd. The company provided earnings per share guidance of $2.55-2.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.74. The company issued revenue guidance of $10.35-10.75 billion, compared to the consensus revenue estimate of $10.44 billion.

10 brokers have issued 12-month price targets for Quanta Services' shares. Their forecasts range from $42.00 to $53.00. On average, they expect Quanta Services' share price to reach $47.00 in the next year. This suggests a possible upside of 38.4% from the stock's current price. View Analyst Price Targets for Quanta Services.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanta Services in the last year. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Quanta Services.

Quanta Services saw a increase in short interest in the month of July. As of July 13th, there was short interest totalling 4,204,142 shares, an increase of 52.7% from the June 29th total of 2,752,606 shares. Based on an average trading volume of 1,215,914 shares, the short-interest ratio is presently 3.5 days. Approximately 2.8% of the company's shares are sold short. View Quanta Services' Current Options Chain.

Some companies that are related to Quanta Services include Lennar (LEN), D. R. Horton (DHI), HEIDELBERGCEMEN/ADR (HDELY), FERROVIAL S A/ADR (FRRVY), Vulcan Materials (VMC), Lennar Co. Class B (LEN.B), Nippon Paint (NPCPF), Martin Marietta Materials (MLM), United Rentals (URI), Rollins (ROL), Masco (MAS), SEKISUI HOUSE L/S (SKHSY), Cemex SAB de CV (CX), Jacobs Engineering Group (JEC) and PERSIMMON/ADR (PSMMY).

Press coverage about PWR stock has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Quanta Services earned a news and rumor sentiment score of 0.13 on Accern's scale. They also gave news headlines about the construction company an impact score of 46.45 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Quanta Services.

Quanta Services' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.89%), Bank of New York Mellon Corp (4.29%), Victory Capital Management Inc. (4.18%), Dimensional Fund Advisors LP (3.45%), Jennison Associates LLC (2.05%) and Point72 Asset Management L.P. (1.85%). Company insiders that own Quanta Services stock include Jerry K Lemon, John Michal Conaway, Nicholas M Grindstaff, Patrick Wood III and Randall C Wisenbaker. View Institutional Ownership Trends for Quanta Services.

PWR stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Voya Investment Management LLC, First Trust Advisors LP, Bank of New York Mellon Corp, Jennison Associates LLC, Putnam Investments LLC, NN Investment Partners Holdings N.V. and Renaissance Technologies LLC. Company insiders that have sold Quanta Services company stock in the last year include Jerry K Lemon, Patrick Wood III and Randall C Wisenbaker. View Insider Buying and Selling for Quanta Services.

PWR stock was bought by a variety of institutional investors in the last quarter, including Greenhaven Associates Inc., Millennium Management LLC, Hexavest Inc., Assenagon Asset Management S.A., Fort Washington Investment Advisors Inc. OH, Bank of America Corp DE, Segall Bryant & Hamill LLC and Dalton Greiner Hartman Maher & Co.. View Insider Buying and Selling for Quanta Services.

Shares of PWR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of PWR stock can currently be purchased for approximately $33.95.

Quanta Services has a market capitalization of $5.13 billion and generates $9.47 billion in revenue each year. The construction company earns $314.97 million in net income (profit) each year or $1.78 on an earnings per share basis. Quanta Services employs 32,800 workers across the globe.

Quanta Services' mailing address is 2800 POST OAK BOULEVARD SUITE 2600, HOUSTON TX, 77056. The construction company can be reached via phone at 713-629-7600 or via email at [email protected]