NYSE:PWR - Quanta Services Stock Price, Price Target & More

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

Quanta Services declared that its board has initiated a stock buyback plan on Sunday, June 4th 2017, which authorizes the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Quanta Services Inc (NYSE:PWR) released its quarterly earnings results on Thursday, May, 3rd. The construction company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.14. The construction company earned $2.42 billion during the quarter, compared to analyst estimates of $2.08 billion. Quanta Services had a return on equity of 7.57% and a net margin of 3.14%. The company's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. View Quanta Services' Earnings History.

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

Quanta Services issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided earnings per share (EPS) guidance of $2.55-$2.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.60. The company issued revenue guidance of $9.95-$10.55 billion, compared to the consensus revenue estimate of $10.11 billion.

12 equities research analysts have issued 12-month target prices for Quanta Services' stock. Their forecasts range from $42.00 to $53.00. On average, they expect Quanta Services' stock price to reach $46.00 in the next year. This suggests a possible upside of 38.6% from the stock's current price. View Analyst Ratings for Quanta Services.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanta Services in the last year. There are currently 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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

News articles about PWR stock have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.22 on Accern's scale. They also gave media stories about the construction company an impact score of 43.97 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Quanta Services' stock is owned by a number of of retail and institutional investors. Top institutional investors include Greenhaven Associates Inc. (1.68%), Dalton Greiner Hartman Maher & Co. (0.63%), Hexavest Inc. (0.60%), Copper Rock Capital Partners LLC (0.51%), Assenagon Asset Management S.A. (0.28%) and Neville Rodie & Shaw Inc. (0.21%). 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 NN Investment Partners Holdings N.V., Copper Rock Capital Partners LLC, Bank of Montreal Can, New England Research & Management Inc., Legacy Financial Advisors Inc., Radnor Capital Management LLC and Smith Graham & Co. Investment Advisors LP. Company insiders that have sold Quanta Services company stock in the last year include Jerry K Lemon, John Michal Conaway, Patrick Wood III and Randall C Wisenbaker. View Insider Buying and Selling for Quanta Services.

PWR stock was bought by a variety of institutional investors in the last quarter, including Greenhaven Associates Inc., Hexavest Inc., Assenagon Asset Management S.A., Dalton Greiner Hartman Maher & Co., Miller Howard Investments Inc. NY, Calamos Advisors LLC, Clinton Group Inc. and Neville Rodie & Shaw Inc.. 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 $33.18.

Quanta Services has a market capitalization of $4.98 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]