Quanta Services Stock Forecast, Price & 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 58.0% and is now trading at $51.42.
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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."
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) posted its quarterly earnings results on Thursday, August, 6th. The construction company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.47 by $0.27. The construction company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.51 billion. Quanta Services had a net margin of 3.13% and a return on equity of 11.02%. Quanta Services's quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS.
View Quanta Services' earnings history.

Quanta Services announced a quarterly dividend on Thursday, August 27th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.05 per share on Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, September 30th.
View Quanta Services' dividend history.

Quanta Services declared that its Board of Directors has approved a stock repurchase program on Thursday, August 6th 2020, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 7.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

Quanta Services issued an update on its FY20 earnings guidance on Thursday, August, 6th. The company provided earnings per share (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 brokerages have issued 1-year price targets for Quanta Services' stock. Their forecasts range from $44.00 to $62.00. On average, they anticipate Quanta Services' share price to reach $51.73 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
View analysts' price targets for Quanta Services.

Quanta Services saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 4,070,000 shares, a decline of 16.4% from the August 15th total of 4,870,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 3.0% 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), Dycom Industries (DY), Ameresco (AMRC), Fluor Co. (NEW) (FLR), Primoris Services (PRIM), Granite Construction (GVA), Argan (AGX), MYR Group (MYRG), Great Lakes Dredge & Dock (GLDD) and Tutor Perini (TPC).
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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), Cisco Systems (CSCO), Gilead Sciences (GILD), QUALCOMM (QCOM), Verizon Communications (VZ), Johnson & Johnson (JNJ), NVIDIA (NVDA), Boeing (BA) and Pfizer (PFE).

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 investors 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, John Michal Conaway 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., Nuveen Asset Management LLC, Kovitz Investment Group Partners LLC, Victory Capital Management Inc., Neuberger Berman Group LLC, Engine Capital Management LP, and AQR Capital Management 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 purchased 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, John Michal Conaway, 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 $51.42.

Quanta Services has a market capitalization of $7.14 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]