Quanta Services Stock Forecast, Price & News

Quanta Services' stock was trading at $32.54 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PWR shares have increased by 120.3% and is now trading at $71.67.
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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 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Quanta Services stock.
View analyst ratings for Quanta Services or view MarketBeat's top 5 stock picks.

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27 employees have rated Quanta Services CEO Earl C. Austin on Glassdoor.com. Earl C. Austin has an approval rating of 82% among Quanta Services' employees.

Quanta Services is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Quanta Services.

Quanta Services, Inc. (NYSE:PWR) posted its earnings results on Thursday, October, 29th. The construction company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.31. The construction company earned $3.02 billion during the quarter, compared to analysts' expectations of $3.01 billion. Quanta Services had a net margin of 3.45% and a trailing twelve-month return on equity of 11.61%. The company's revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share.
View Quanta Services' earnings history.

Quanta Services announced a quarterly dividend on Friday, December 11th. Stockholders of record on Monday, January 4th will be paid a dividend of $0.06 per share on Friday, January 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, December 31st. This is a boost from Quanta Services's previous quarterly dividend of $0.05.
View Quanta Services' dividend history.

Quanta Services pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.32%. Quanta Services does not yet have a strock track record of dividend growth. The dividend payout ratio of Quanta Services is 7.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Quanta Services will have a dividend payout ratio of 6.42% next year. This indicates that Quanta Services will be able to sustain or increase its dividend.
View Quanta Services' dividend history.

Quanta Services declared that its board has authorized a stock buyback program on Thursday, August 6th 2020, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 7.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Quanta Services updated its FY20 earnings guidance on Thursday, October, 29th. The company provided earnings per share (EPS) guidance of $3.52 to $3.64 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.35. The company issued revenue guidance of $11.10 billion to $11.30 billion, compared to the consensus revenue estimate of $11.23 billion.

11 analysts have issued twelve-month price objectives for Quanta Services' stock. Their forecasts range from $44.00 to $90.00. On average, they anticipate Quanta Services' share price to reach $67.00 in the next year. This suggests that the stock has a possible downside of 6.5%.
View analysts' price targets for Quanta Services or view Wall Street analyst' top-rated stocks.

Some companies that are related to Quanta Services include AECOM (ACM), MasTec (MTZ), EMCOR Group (EME), KBR (KBR), Dycom Industries (DY), Fluor (FLR), Ameresco (AMRC), Comfort Systems USA (FIX), Granite Construction (GVA), Primoris Services (PRIM), MYR Group (MYRG), Great Lakes Dredge & Dock (GLDD), Tutor Perini (TPC), Argan (AGX) and Sterling Construction (STRL).
View all of PWR's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Quanta Services investors own include Skyworks Solutions (SWKS), Advanced Micro Devices (AMD), Johnson & Johnson (JNJ), Cisco Systems (CSCO), NVIDIA (NVDA), QUALCOMM (QCOM), Verizon Communications (VZ), Gilead Sciences (GILD), AT&T (T) and Pfizer (PFE).

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

Quanta Services' stock is owned by many different institutional and retail investors. Top institutional investors include Frontier Capital Management Co. LLC (1.84%), Stack Financial Management Inc (0.29%), New York State Teachers Retirement System (0.18%), Hennessy Advisors Inc. (0.13%), Smith Graham & Co. Investment Advisors LP (0.10%) and Dalton Greiner Hartman Maher & Co. (0.09%). Company insiders that own Quanta Services stock include Bernard Fried, Donald Wayne, Dorothy Upperman, James Redgie Probst, Jerry K Lemon, John Michal Conaway 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 Frontier Capital Management Co. LLC, Strs Ohio, Dalton Greiner Hartman Maher & Co., Smith Graham & Co. Investment Advisors LP, RPG Investment Advisory LLC, Segment Wealth Management LLC, Pacer Advisors Inc., and New York State Teachers Retirement System. Company insiders that have sold Quanta Services company stock in the last year include Donald Wayne, and Dorothy Upperman.
View insider buying and selling activity for Quanta Services or view top insider-selling stocks.

PWR stock was acquired by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Brookstone Capital Management, Retirement Systems of Alabama, Janney Montgomery Scott LLC, First Citizens Bank & Trust Co., IFP Advisors Inc, Piershale Financial Group Inc., and First Hawaiian Bank. Company insiders that have bought Quanta Services stock in the last two years include John Michal Conaway, and Vincent D Foster.
View insider buying and selling activity for Quanta Services or or view top insider-buying stocks.

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

One share of PWR stock can currently be purchased for approximately $71.67.

Quanta Services has a market capitalization of $9.95 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]