NYSE:PWR - Quanta Services Stock Price, News, Headlines & Rumors

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

Quanta Services declared that its Board of Directors has authorized a share buyback program on Sunday, June 4th 2017, which permits the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Quanta Services Inc (NYSE:PWR) issued its quarterly earnings data on Thursday, August, 2nd. The construction company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by $0.01. The construction company earned $2.66 billion during the quarter, compared to the consensus estimate of $2.51 billion. Quanta Services had a net margin of 3.10% and a return on equity of 7.72%. The business's quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. View Quanta Services' Earnings History.

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

Quanta Services updated its FY18 earnings guidance on Thursday, August, 2nd. The company provided EPS guidance of $2.55-2.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.74. The company issued revenue guidance of $10.35-10.75 billion, compared to the consensus revenue estimate of $10.44 billion.

10 brokers have issued twelve-month price objectives for Quanta Services' stock. Their predictions range from $42.00 to $53.00. On average, they anticipate Quanta Services' stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 38.7% from the stock's current price. View Analyst Price Targets for Quanta Services.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanta Services in the last year. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Quanta Services.

Quanta Services saw a increase in short interest in July. As of July 13th, there was short interest totalling 4,204,142 shares, an increase of 52.7% from the June 29th total of 2,752,606 shares. Based on an average trading volume of 1,215,914 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.8% of the company's stock are sold short. View Quanta Services' Current Options Chain.

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

News stories about PWR stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Quanta Services earned a news impact score of 0.04 on Accern's scale. They also gave news stories about the construction company an impact score of 44.35 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. View Recent Headlines for Quanta Services.

Quanta Services' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.89%), Bank of New York Mellon Corp (4.29%), Victory Capital Management Inc. (4.18%), Dimensional Fund Advisors LP (3.45%), Jennison Associates LLC (2.05%) and Point72 Asset Management L.P. (1.85%). 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 Point72 Asset Management L.P., Voya Investment Management LLC, First Trust Advisors LP, Bank of New York Mellon Corp, Jennison Associates LLC, NN Investment Partners Holdings N.V., Renaissance Technologies LLC and Wafra Inc.. Company insiders that have sold Quanta Services company stock in the last year include Jerry K Lemon, Patrick Wood III and Randall C Wisenbaker. View Insider Buying and Selling for Quanta Services.

PWR stock was acquired by a variety of institutional investors in the last quarter, including Greenhaven Associates Inc., Millennium Management LLC, Hexavest Inc., Assenagon Asset Management S.A., Fort Washington Investment Advisors Inc. OH, Bank of America Corp DE, Segall Bryant & Hamill LLC and Dalton Greiner Hartman Maher & Co.. 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 $33.89.

Quanta Services has a market capitalization of $5.13 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]