Quanta Services Stock Forecast, Price & 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 stock has increased by 138.7% and is now trading at $77.66.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanta Services in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Quanta Services stock.
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27 employees have rated Quanta Services CEO Earl C. Austin on Glassdoor.com. Earl C. Austin has an approval rating of 82% among Quanta Services' employees.

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 quarterly earnings data on Thursday, October, 29th. The construction company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.31. The construction company earned $3.02 billion during the quarter, compared to analyst estimates of $3.01 billion. Quanta Services had a net margin of 3.45% and a trailing twelve-month return on equity of 11.61%. The business's quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share.
View Quanta Services' earnings history.

Quanta Services declared a quarterly dividend on Friday, December 11th. Investors of record on Monday, January 4th will be paid a dividend of $0.06 per share on Friday, January 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Thursday, December 31st. This is an increase from Quanta Services's previous quarterly dividend of $0.05.
View Quanta Services' dividend history.

Quanta Services pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.31%. Quanta Services does not yet have a strock track record of dividend growth. The dividend payout ratio of Quanta Services is 7.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Quanta Services will have a dividend payout ratio of 6.42% next year. This indicates that Quanta Services will be able to sustain or increase its dividend.
View Quanta Services' dividend history.

Quanta Services declared that its Board of Directors has authorized a stock buyback program on Thursday, August 6th 2020, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 7.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Quanta Services updated its FY20 earnings guidance on Thursday, October, 29th. The company provided EPS guidance of $3.52 to $3.64 for the period, compared to the Thomson Reuters consensus EPS 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 analysts have issued twelve-month price targets for Quanta Services' shares. Their forecasts range from $44.00 to $89.00. On average, they expect Quanta Services' stock price to reach $65.64 in the next twelve months. This suggests that the stock has a possible downside of 15.5%.
View analysts' price targets for Quanta Services or view Wall Street analyst' top-rated stocks.

Some companies that are related to Quanta Services include Jacobs Engineering Group (JEC), AECOM (ACM), MasTec (MTZ), EMCOR Group (EME), KBR (KBR), Fluor (FLR), Dycom Industries (DY), Ameresco (AMRC), Comfort Systems USA (FIX), Granite Construction (GVA), Primoris Services (PRIM), MYR Group (MYRG), Great Lakes Dredge & Dock (GLDD), Tutor Perini (TPC) and Argan (AGX).
View all of PWR's competitors.

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 variety of retail and institutional investors. Top institutional investors include Frontier Capital Management Co. LLC (1.84%), Stack Financial Management Inc (0.29%), Smith Graham & Co. Investment Advisors LP (0.10%), Dalton Greiner Hartman Maher & Co. (0.09%), Endurance Wealth Management Inc. (0.08%) and Brookstone Capital Management (0.07%). Company insiders that own Quanta Services stock include Bernard Fried, Donald Wayne, Dorothy Upperman, 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 Frontier Capital Management Co. LLC, Dalton Greiner Hartman Maher & Co., Smith Graham & Co. Investment Advisors LP, Pacer Advisors Inc., Tributary Capital Management LLC, New England Research & Management Inc., Stack Financial Management Inc, and Crossmark Global Holdings Inc.. Company insiders that have sold Quanta Services company stock in the last year include Donald Wayne, and Dorothy Upperman.
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PWR stock was purchased by a variety of institutional investors in the last quarter, including Brookstone Capital Management, First Citizens Bank & Trust Co., Piershale Financial Group Inc., First Hawaiian Bank, Viking Fund Management LLC, CFO4Life Group LLC, Park Avenue Securities LLC, and Kestra Advisory Services LLC. Company insiders that have bought Quanta Services stock in the last two years include John Michal Conaway, and Vincent D Foster.
View insider buying and selling activity for Quanta Services or or view top insider-buying stocks.

Shares of PWR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PWR stock can currently be purchased for approximately $77.66.

Quanta Services has a market capitalization of $10.78 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]