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. Since then, PWR stock has increased by 42.5% and is now trading at $46.36.
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, October 29th 2020.
View our earnings forecast for Quanta Services.

Quanta Services Inc (NYSE:PWR) issued its earnings results on Thursday, August, 6th. The construction company reported $0.74 earnings per share (EPS) 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 analysts' expectations of $2.51 billion. Quanta Services had a return on equity of 11.02% and a net margin of 3.13%. The firm's revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS.
View Quanta Services' earnings history.

Quanta Services announced a quarterly dividend on Friday, May 29th. Investors 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 dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, June 30th.
View Quanta Services' dividend history.

Quanta Services announced that its board has authorized a stock repurchase program on Tuesday, September 4th 2018, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 9.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Quanta Services updated its FY20 earnings guidance on Thursday, August, 6th. The company provided earnings per share 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 analysts 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 twelve months. This suggests a possible upside of 2.8% from the stock's current price.
View analysts' price targets for Quanta Services.

News coverage about PWR stock has trended very negative recently, InfoTrie reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Quanta Services earned a news impact score of -3.4 on InfoTrie's scale. They also assigned media coverage about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Quanta Services.

Quanta Services saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 5,090,000 shares, a drop of 5.0% from the July 15th total of 5,360,000 shares. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 3.8% of the company's shares are sold short.
View Quanta Services' Short Interest.

Some companies that are related to Quanta Services include Jacobs Engineering Group (JEC), Aecom (ACM), Emcor Group (EME), KBR (KBR), MasTec (MTZ), Comfort Systems USA (FIX), Fluor Co. (NEW) (FLR), Dycom Industries (DY), Ameresco (AMRC), Granite Construction (GVA), Primoris Services (PRIM), Argan (AGX), Tutor Perini (TPC), MYR Group (MYRG) and Great Lakes Dredge & Dock (GLDD).
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 number of institutional and retail investors. Top institutional investors include Copper Rock Capital Partners LLC (14.11%), Lyrical Asset Management LP (2.56%), Frontier Capital Management Co. LLC (2.32%), Jennison Associates LLC (1.31%), Greenhaven Associates Inc. (0.61%) and Fort Washington Investment Advisors Inc. OH (0.44%). 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 Victory Capital Management Inc., Jennison Associates LLC, Lyrical Asset Management LP, Tygh Capital Management Inc., Dalton Greiner Hartman Maher & Co., Russell Investments Group Ltd., Osborne Partners Capital Management LLC, and First Trust Advisors LP. 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, Thornburg Investment Management Inc., Stack Financial Management Inc, PNC Financial Services Group Inc., Strs Ohio, Chase Investment Counsel Corp, Dupont Capital Management Corp, and Cozad Asset Management Inc.. 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 $46.36.

Quanta Services has a market capitalization of $6.38 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]