Quanta Services Stock Forecast, Price & News

Quanta Services' stock was trading at $32.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PWR stock has increased by 50.9% and is now trading at $49.09.
View which stocks have been most impacted by COVID-19.

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

Quanta Services is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Quanta Services.

Quanta Services Inc (NYSE:PWR) issued its quarterly earnings data on Thursday, August, 6th. The construction company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.47 by $0.27. The construction company earned $2.51 billion during the quarter, compared to the consensus estimate of $2.51 billion. Quanta Services had a return on equity of 11.02% and a net margin of 3.13%. The company's revenue for the quarter was down 11.7% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share.
View Quanta Services' earnings history.

Quanta Services announced a quarterly dividend on Thursday, August 27th. Investors of record on Thursday, October 1st will be given a dividend of $0.05 per share on Thursday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Wednesday, September 30th.
View Quanta Services' dividend history.

Quanta Services announced that its board has authorized a stock repurchase program on Thursday, August 6th 2020, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 7.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

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

10 Wall Street analysts have issued 12 month price objectives for Quanta Services' shares. Their forecasts range from $44.00 to $60.00. On average, they expect Quanta Services' stock price to reach $49.80 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price.
View analysts' price targets for Quanta Services.

Quanta Services saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,070,000 shares, a decrease of 16.4% from the August 15th total of 4,870,000 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.0% of the shares of the stock are short sold.
View Quanta Services' Short Interest.

Some companies that are related to Quanta Services include Jacobs Engineering Group (JEC), Aecom (ACM), Emcor Group (EME), KBR (KBR), MasTec (MTZ), Comfort Systems USA (FIX), Dycom Industries (DY), Ameresco (AMRC), Fluor Co. (NEW) (FLR), Primoris Services (PRIM), Granite Construction (GVA), Argan (AGX), Tutor Perini (TPC), Great Lakes Dredge & Dock (GLDD) and MYR Group (MYRG).
View all 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), Verizon Communications (VZ), Cisco Systems (CSCO), Gilead Sciences (GILD), QUALCOMM (QCOM), Johnson & Johnson (JNJ), NVIDIA (NVDA), AT&T (T) and Boeing (BA).

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

Quanta Services' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Copper Rock Capital Partners LLC (14.11%), Vanguard Group Inc. (10.67%), Bank of New York Mellon Corp (3.03%), Lyrical Asset Management LP (2.56%), Frontier Capital Management Co. LLC (2.32%) and Kovitz Investment Group Partners LLC (1.96%). 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, 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 Goldman Sachs Group Inc., Vanguard Group Inc., Nuveen Asset Management LLC, Kovitz Investment Group Partners LLC, Victory Capital Management Inc., Neuberger Berman Group LLC, Engine Capital Management LP, and AQR Capital Management LLC. 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, Bank of Montreal Can, Prudential Financial Inc., Thornburg Investment Management Inc., Stack Financial Management Inc, Ensign Peak Advisors Inc, PNC Financial Services Group Inc., and Strs Ohio. Company insiders that have bought Quanta Services stock in the last two years include Derrick A Jensen, Earl C Jr Austin, John Michal Conaway, 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 $49.09.

Quanta Services has a market capitalization of $6.82 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]