NYSE:PWRQuanta Services Stock Price, Forecast & 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 (WHO). Since then, PWR stock has increased by 19.5% and is now trading at $38.87. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for Quanta Services.

Quanta Services is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Quanta Services.

Quanta Services Inc (NYSE:PWR) issued its quarterly earnings data on Thursday, May, 7th. The construction company reported $0.47 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.01. The construction company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.74 billion. Quanta Services had a return on equity of 9.72% and a net margin of 2.65%. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. 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 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Tuesday, June 30th. View Quanta Services' dividend history.

Quanta Services announced that its Board of Directors has authorized a share buyback plan on Tuesday, September 4th 2018, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Quanta Services issued an update on its FY20 earnings guidance on Thursday, May, 7th. The company provided earnings per share guidance of $3.04-$3.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.55. The company issued revenue guidance of $11.4-11.8 billion, compared to the consensus revenue estimate of $12.20 billion.

11 brokerages have issued 1 year price objectives for Quanta Services' stock. Their forecasts range from $41.00 to $52.00. On average, they anticipate Quanta Services' share price to reach $45.91 in the next year. This suggests a possible upside of 18.1% from the stock's current price. View analysts' price targets for Quanta Services.

Media headlines about PWR stock have trended negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Quanta Services earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave headlines about the construction company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Quanta Services.

Quanta Services saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 5,530,000 shares, a decline of 8.1% from the June 15th total of 6,020,000 shares. Based on an average trading volume of 1,550,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 4.1% of the shares of the company are short sold. View Quanta Services' Current Options Chain.

Some companies that are related to Quanta Services include Jacobs Engineering Group (JEC), Aecom (ACM), Emcor Group (EME), MasTec (MTZ), KBR (KBR), Fluor Co. (NEW) (FLR), Comfort Systems USA (FIX), Ameresco (AMRC), Dycom Industries (DY), Granite Construction (GVA), Primoris Services (PRIM), 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), Laredo Petroleum (LPI), Exxon Mobil (XOM), Teekay Tankers (TNK), General Electric (GE), Cisco Systems (CSCO), Ford Motor (F), Gilead Sciences (GILD), Intel (INTC) and Verizon Communications (VZ).

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

Quanta Services' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Anderson Hoagland & Co. (0.04%), Fulton Bank N. A. (0.02%), Municipal Employees Retirement System of Michigan (0.02%) and Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%). 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 Anderson Hoagland & Co., Fulton Bank N. A., and Nelson Van Denburg & Campbell Wealth Management Group 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 acquired by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan. 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 $38.87.

Quanta Services has a market capitalization of $5.35 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]