Quanta Services Stock Forecast, Price & News

Quanta Services' stock was trading at $32.54 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PWR shares have increased by 114.0% and is now trading at $69.62.
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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 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Quanta Services.

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Quanta Services is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Quanta Services.

Quanta Services, Inc. (NYSE:PWR) posted its earnings results on Thursday, October, 29th. The construction company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.09 by $0.31. The construction company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.01 billion. Quanta Services had a return on equity of 11.02% and a net margin of 3.13%. The firm's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share.
View Quanta Services' earnings history.

Quanta Services declared a quarterly dividend on Thursday, August 27th. Shareholders of record on Thursday, October 1st will be paid 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 0.29%. The ex-dividend date is Wednesday, September 30th.
View Quanta Services' dividend history.

Quanta Services declared that its board has approved a share repurchase program on Thursday, August 6th 2020, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 7.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Quanta Services updated its FY20 earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of $3.52 to $3.64 for the period, compared to the Thomson Reuters consensus estimate of $3.35. The company issued revenue guidance of $11.10 billion to $11.30 billion, compared to the consensus revenue estimate of $11.23 billion.

11 brokers have issued 12-month target prices for Quanta Services' stock. Their forecasts range from $44.00 to $78.00. On average, they expect Quanta Services' share price to reach $59.00 in the next year. This suggests that the stock has a possible downside of 15.3%.
View analysts' price targets for Quanta Services.

Quanta Services saw a decrease in short interest in the month of October. As of October 30th, there was short interest totaling 2,350,000 shares, a decrease of 25.2% from the October 15th total of 3,140,000 shares. Based on an average daily volume of 1,350,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.7% 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), Fluor (FLR), Ameresco (AMRC), Dycom Industries (DY), Comfort Systems USA (FIX), Primoris Services (PRIM), Granite Construction (GVA), MYR Group (MYRG), Argan (AGX), 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), Johnson & Johnson (JNJ), Cisco Systems (CSCO), NVIDIA (NVDA), QUALCOMM (QCOM), Verizon Communications (VZ), Gilead Sciences (GILD), AT&T (T) 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.40%), State Street Corp (3.31%), Massachusetts Financial Services Co. MA (2.39%), Kovitz Investment Group Partners LLC (1.66%), AQR Capital Management LLC (1.12%) and Neuberger Berman Group LLC (0.99%). 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 BlackRock Inc., Rothschild & Co. Asset Management US Inc., Massachusetts Financial Services Co. MA, Greenhaven Associates Inc., Jennison Associates LLC, Kovitz Investment Group Partners LLC, Los Angeles Capital Management & Equity Research Inc., and Dalton Greiner Hartman Maher & Co.. Company insiders that have sold Quanta Services company stock in the last year include Donald Wayne, and Dorothy Upperman.
View insider buying and selling activity for Quanta Services.

PWR stock was purchased by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Thornburg Investment Management Inc., Public Sector Pension Investment Board, AJO LP, Key Group Holdings Cayman LTD., AQR Capital Management LLC, Morgan Stanley, and Goodman Financial Corp. 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 $69.62.

Quanta Services has a market capitalization of $9.67 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]