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 shares have 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) announced its earnings results on Thursday, May, 7th. The construction company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The construction company earned $2.76 billion during the quarter, compared to analysts' expectations of $2.74 billion. Quanta Services had a net margin of 2.65% and a return on equity of 9.72%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. View Quanta Services' earnings history.

Quanta Services declared 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 0.51%. The ex-dividend date is Tuesday, June 30th. View Quanta Services' dividend history.

Quanta Services declared that its board has initiated a stock buyback plan on Tuesday, September 4th 2018, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 9.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors 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 analysts have issued 1-year price targets for Quanta Services' shares. Their forecasts range from $41.00 to $52.00. On average, they expect Quanta Services' share price to reach $45.91 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price. View analysts' price targets for Quanta Services.

News articles about PWR stock have been trending negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. 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 assigned news articles about the construction company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact 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 daily trading volume, of 1,550,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 4.1% of the shares of the stock are sold short. View Quanta Services' Current Options Chain.

Some companies that are related to Quanta Services include Jacobs Engineering Group (JEC), Aecom (ACM), Emcor Group (EME), KBR (KBR), MasTec (MTZ), 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 number of institutional and retail investors. Top institutional investors 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 purchased 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]