NYSE:PWR - Quanta Services Stock Price, Price Target & More

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

Quanta Services announced that its board has initiated a share buyback plan on Sunday, June 4th 2017, which allows the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Quanta Services Inc (NYSE:PWR) announced its quarterly earnings data on Thursday, May, 3rd. The construction company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.14. The construction company earned $2.42 billion during the quarter, compared to analysts' expectations of $2.08 billion. Quanta Services had a return on equity of 7.57% and a net margin of 3.14%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. View Quanta Services' Earnings History.

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

Quanta Services issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided earnings per share guidance of $2.55-$2.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.60. The company issued revenue guidance of $9.95-$10.55 billion, compared to the consensus revenue estimate of $10.11 billion.

13 equities research analysts have issued 1-year price objectives for Quanta Services' stock. Their forecasts range from $42.00 to $53.00. On average, they expect Quanta Services' share price to reach $45.6667 in the next twelve months. View Analyst Ratings for Quanta Services.

Quanta Services saw a increase in short interest in May. As of May 15th, there was short interest totalling 3,269,529 shares, an increase of 52.4% from the April 30th total of 2,145,256 shares. Based on an average daily trading volume, of 1,548,598 shares, the short-interest ratio is currently 2.1 days. Currently, 2.2% of the company's shares are short sold.

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

News stories about PWR stock have trended positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Quanta Services earned a media sentiment score of 0.41 on Accern's scale. They also gave media headlines about the construction company an impact score of 47.43 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Quanta Services' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.73%), Victory Capital Management Inc. (4.07%), Dimensional Fund Advisors LP (3.38%), Kovitz Investment Group Partners LLC (1.81%), Neuberger Berman Group LLC (1.05%) and Northern Trust Corp (0.99%). 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 Millennium Management LLC, OppenheimerFunds Inc., New York State Common Retirement Fund, Lord Abbett & CO. LLC, Cannell Peter B & Co. Inc., Victory Capital Management Inc., Stifel Financial Corp and Wells Fargo & Company MN. Company insiders that have sold Quanta Services company stock in the last year include Jerry K Lemon, John Michal Conaway, 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., Neuberger Berman Group LLC, Stanley Laman Group Ltd., State of New Jersey Common Pension Fund D, Guggenheim Capital LLC, Stevens Capital Management LP, MUFG Securities EMEA plc and Wesbanco Bank Inc.. 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 $35.75.

Quanta Services has a market capitalization of $5.33 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]