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 announced that its board has authorized a share repurchase program on Sunday, June 4th 2017, which permits the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Quanta Services Inc (NYSE:PWR) released its earnings results on Thursday, May, 3rd. The construction company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.14. The construction company earned $2.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. Quanta Services had a net margin of 3.14% and a return on equity of 7.57%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company 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 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 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 equities research analysts have issued 12-month price targets for Quanta Services' shares. Their forecasts range from $42.00 to $53.00. On average, they anticipate Quanta Services' share price to reach $45.6667 in the next twelve months. 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 trading volume of 1,548,598 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.2% of the shares of the company are short sold.

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

News headlines about PWR stock have trended somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Quanta Services earned a news impact score of 0.07 on Accern's scale. They also gave media headlines about the construction company an impact score of 45.44 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Quanta Services' stock is owned by a number of of institutional and retail 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 acquired 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 $35.37.

Quanta Services has a market capitalization of $5.33 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]