NYSE:PWRQuanta Services Stock Price, Forecast & News

Quanta Services' stock was trading at $32.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PWR shares have increased by 53.2% and is now trading at $49.86.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanta Services in the last year. There are currently 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Quanta Services is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Quanta Services Inc (NYSE:PWR) released its quarterly earnings data on Thursday, August, 6th. The construction company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.47 by $0.27. The construction company earned $2.51 billion during the quarter, compared to analysts' expectations of $2.51 billion. Quanta Services had a return on equity of 11.02% and a net margin of 3.13%. Quanta Services's revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS.
View Quanta Services' earnings history.

Quanta Services announced a quarterly dividend on Friday, May 29th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.05 per share on Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Tuesday, June 30th.
View Quanta Services' dividend history.

Quanta Services announced that its Board of Directors has approved a share buyback program on Tuesday, September 4th 2018, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its shares are undervalued.

Quanta Services issued an update on its FY20 earnings guidance on Thursday, August, 6th. The company provided EPS guidance of $3.18-3.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.16. The company issued revenue guidance of $11.00-11.40 billion, compared to the consensus revenue estimate of $11.57 billion.

11 brokers have issued 1-year price objectives for Quanta Services' stock. Their forecasts range from $41.00 to $55.00. On average, they expect Quanta Services' stock price to reach $47.64 in the next year. This suggests that the stock has a possible downside of 4.5%.
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News stories about PWR stock have been trending neutral this week, according to InfoTrie. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Quanta Services earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave headlines about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
View the latest news about Quanta Services.

Quanta Services saw a decrease in short interest in July. As of July 31st, there was short interest totaling 5,090,000 shares, a decrease of 5.0% from the July 15th total of 5,360,000 shares. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is presently 3.7 days. Currently, 3.8% of the company's stock are sold short.
View Quanta Services' Short Interest.

Some companies that are related to Quanta Services include Jacobs Engineering Group (JEC), Aecom (ACM), Emcor Group (EME), MasTec (MTZ), KBR (KBR), Comfort Systems USA (FIX), Fluor Co. (NEW) (FLR), Dycom Industries (DY), Ameresco (AMRC), Primoris Services (PRIM), Granite Construction (GVA), Argan (AGX), Tutor Perini (TPC), Great Lakes Dredge & Dock (GLDD) and MYR Group (MYRG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Quanta Services investors own include Skyworks Solutions (SWKS), Advanced Micro Devices (AMD), NVIDIA (NVDA), Cisco Systems (CSCO), Gilead Sciences (GILD), QUALCOMM (QCOM), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM) and Boeing (BA).

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

Quanta Services' stock is owned by many different retail and institutional investors. Top institutional investors include Copper Rock Capital Partners LLC (14.11%), Lyrical Asset Management LP (2.56%), Frontier Capital Management Co. LLC (2.32%), Jennison Associates LLC (1.31%), Greenhaven Associates Inc. (0.61%) and Fort Washington Investment Advisors Inc. OH (0.44%). Company insiders that own Quanta Services stock include Bernard Fried, Derrick A Jensen, Donald Wayne, Dorothy Upperman, Earl C Jr Austin, James Redgie Probst, Jerry K Lemon and Vincent D Foster.
View institutional ownership trends for Quanta Services.

PWR stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Jennison Associates LLC, Lyrical Asset Management LP, Tygh Capital Management Inc., Dalton Greiner Hartman Maher & Co., Russell Investments Group Ltd., Osborne Partners Capital Management LLC, and First Trust Advisors LP. Company insiders that have sold Quanta Services company stock in the last year include Donald Wayne, Dorothy Upperman, and Jerry K Lemon.
View insider buying and selling activity for Quanta Services.

PWR stock was bought by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Thornburg Investment Management Inc., Stack Financial Management Inc, PNC Financial Services Group Inc., Strs Ohio, Chase Investment Counsel Corp, Dupont Capital Management Corp, and Cozad Asset Management Inc.. Company insiders that have bought Quanta Services stock in the last two years include Derrick A Jensen, Earl C Jr Austin, and Vincent D Foster.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of PWR stock can currently be purchased for approximately $49.86.

Quanta Services has a market capitalization of $6.86 billion and generates $12.11 billion in revenue each year. The construction company earns $402.04 million in net income (profit) each year or $3.05 on an earnings per share basis. Quanta Services employs 40,300 workers across the globe.

The official website for Quanta Services is www.quantaservices.com.

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]