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 of Directors has authorized a stock repurchase plan on Sunday, June 4th 2017, which authorizes the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

Quanta Services Inc (NYSE:PWR) posted its quarterly earnings results on Thursday, May, 3rd. The construction company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.14. The construction company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.08 billion. Quanta Services had a return on equity of 7.57% and a net margin of 3.14%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $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 updated 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 EPS 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.

13 Wall Street analysts have issued 1 year price targets for Quanta Services' shares. Their predictions range from $42.00 to $53.00. On average, they expect Quanta Services' stock price to reach $45.6667 in the next year. View Analyst Ratings for Quanta Services.

Quanta Services saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,269,529 shares, an increase of 52.4% from the April 30th total of 2,145,256 shares. Based on an average daily trading volume, of 1,548,598 shares, the short-interest ratio is presently 2.1 days. Currently, 2.2% of the company's shares are sold short. View Quanta Services' Current Options Chain.

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

News stories about PWR stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Quanta Services earned a media sentiment score of 0.10 on Accern's scale. They also gave news stories about the construction company an impact score of 46.33 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Quanta Services' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.73%), Victory Capital Management Inc. (4.07%), Dimensional Fund Advisors LP (3.38%), Kovitz Investment Group Partners LLC (1.81%), Neuberger Berman Group LLC (1.05%) and Northern Trust Corp (0.99%). 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 Millennium Management LLC, OppenheimerFunds Inc., New York State Common Retirement Fund, Lord Abbett & CO. LLC, Cannell Peter B & Co. Inc., Victory Capital Management Inc., Stifel Financial Corp and Wells Fargo & Company MN. 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 purchased by a variety of institutional investors in the last quarter, including Greenhaven Associates Inc., Neuberger Berman Group LLC, Stanley Laman Group Ltd., State of New Jersey Common Pension Fund D, Guggenheim Capital LLC, Stevens Capital Management LP, MUFG Securities EMEA plc and Wesbanco Bank 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 $34.18.

Quanta Services has a market capitalization of $5.20 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]