Quanta Services Stock Forecast, Price & 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 stock has increased by 132.7% and is now trading at $75.72.
View which stocks have been most impacted by COVID-19.

11 Wall Street equities research 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 equities research analysts is that investors should "buy" Quanta Services stock.
View analyst ratings for Quanta Services or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Quanta Services a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Quanta Services wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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) announced its quarterly earnings results on Thursday, October, 29th. The construction company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.31. The construction company had revenue of $3.02 billion for 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 business's quarterly revenue was down 9.9% on a year-over-year basis. During the same period last year, the business posted $1.14 earnings per share.
View Quanta Services' earnings history.

Quanta Services declared a quarterly dividend on Friday, December 11th. Shareholders 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 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, December 31st. This is a positive change 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 0.31%. 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 share buyback program on Thursday, August 6th 2020, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Quanta Services issued an update on 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 Wall Street analysts have issued twelve-month target prices for Quanta Services' shares. Their forecasts range from $44.00 to $89.00. On average, they expect Quanta Services' share price to reach $65.64 in the next twelve months. This suggests that the stock has a possible downside of 13.3%.
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), Ameresco (AMRC), Fluor (FLR), 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 a number of institutional and retail investors. Top institutional shareholders 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, Pacer Advisors Inc., New York State Teachers Retirement System, Tributary Capital Management LLC, and New England Research & Management Inc.. 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, Janney Montgomery Scott LLC, First Citizens Bank & Trust Co., IFP Advisors Inc, Piershale Financial Group Inc., First Hawaiian Bank, and Viking Fund Management LLC. 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 $75.72.

Quanta Services has a market capitalization of $10.51 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]