NYSE:PWRQuanta Services Stock Price, Forecast & 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 52.0% and is now trading at $49.45.
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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 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Quanta Services is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Quanta Services Inc (NYSE:PWR) issued its quarterly earnings data on Thursday, August, 6th. The construction company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates 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%. Quanta Services's revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS.
View Quanta Services' earnings history.

Quanta Services declared a quarterly dividend on Friday, May 29th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.05 per share on Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Tuesday, June 30th.
View Quanta Services' dividend history.

Quanta Services announced that its board has initiated a share repurchase plan on Thursday, August 6th 2020, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Quanta Services updated its FY20 earnings guidance on Thursday, August, 6th. The company provided EPS 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.

11 brokers have issued 1 year price objectives for Quanta Services' stock. Their forecasts range from $41.00 to $55.00. On average, they anticipate Quanta Services' stock price to reach $47.64 in the next year. This suggests that the stock has a possible downside of 3.7%.
View analysts' price targets for Quanta Services.

Media stories about PWR stock have trended somewhat negative on Friday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Quanta Services earned a news impact score of -1.8 on InfoTrie's scale. They also gave news headlines about the construction company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
View the latest news about Quanta Services.

Quanta Services saw a drop in short interest in May. As of May 15th, there was short interest totaling 6,370,000 shares, a drop of 15.1% from the April 30th total of 7,500,000 shares. Based on an average trading volume of 1,910,000 shares, the short-interest ratio is presently 3.3 days. Approximately 4.7% of the company's shares 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), MasTec (MTZ), KBR (KBR), Comfort Systems USA (FIX), Fluor Co. (NEW) (FLR), Dycom Industries (DY), Ameresco (AMRC), Granite Construction (GVA), Primoris Services (PRIM), Argan (AGX), Tutor Perini (TPC), Great Lakes Dredge & Dock (GLDD) and MYR Group (MYRG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Quanta Services investors own include Skyworks Solutions (SWKS), Advanced Micro Devices (AMD), NVIDIA (NVDA), Cisco Systems (CSCO), Gilead Sciences (GILD), QUALCOMM (QCOM), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM) and Boeing (BA).

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 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 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., Kovitz Investment Group Partners LLC, Victory Capital Management Inc., Jennison Associates LLC, Lyrical Asset Management LP, Tygh Capital Management Inc., and Dalton Greiner Hartman Maher & Co.. 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 acquired 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, 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 $49.45.

Quanta Services has a market capitalization of $6.83 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]