FY2025 Earnings Estimate for Quanta Services, Inc. Issued By DA Davidson (NYSE:PWR)

Quanta Services, Inc. (NYSE:PWR) – Analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of Quanta Services in a research report issued on Tuesday, May 7th. DA Davidson analyst B. Thielman now forecasts that the construction company will earn $8.54 per share for the year, up from their prior estimate of $8.33. DA Davidson has a “Neutral” rating and a $250.00 price objective on the stock. The consensus estimate for Quanta Services’ current full-year earnings is $7.63 per share.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.21. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the business posted $1.54 EPS. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year.

Several other equities analysts also recently weighed in on the company. Evercore ISI increased their target price on Quanta Services from $255.00 to $288.00 and gave the stock an “outperform” rating in a research report on Tuesday. Stifel Nicolaus upped their price target on shares of Quanta Services from $237.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Robert W. Baird lifted their price target on shares of Quanta Services from $265.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Citigroup upped their price objective on Quanta Services from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, TD Cowen boosted their price target on Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $262.00.

Quanta Services Trading Down 1.0 %

Shares of PWR opened at $266.86 on Wednesday. Quanta Services has a fifty-two week low of $153.74 and a fifty-two week high of $271.96. The stock has a fifty day moving average of $251.91 and a two-hundred day moving average of $216.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.36. The company has a market capitalization of $39.07 billion, a PE ratio of 51.72 and a beta of 1.10.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.13%. The ex-dividend date was Monday, April 8th. Quanta Services’s dividend payout ratio is currently 6.98%.

Insider Activity

In other Quanta Services news, Director Worthing Jackman sold 9,572 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $237.31, for a total transaction of $2,271,531.32. Following the completion of the sale, the director now owns 7,486 shares in the company, valued at $1,776,502.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Quanta Services news, Director Margaret B. Shannon sold 8,515 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $239.92, for a total value of $2,042,918.80. Following the completion of the sale, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $8,172,394.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Worthing Jackman sold 9,572 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $237.31, for a total transaction of $2,271,531.32. Following the completion of the sale, the director now owns 7,486 shares in the company, valued at $1,776,502.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,125 shares of company stock worth $11,270,215. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Private Ocean LLC purchased a new stake in shares of Quanta Services in the 1st quarter valued at approximately $26,000. Salomon & Ludwin LLC purchased a new stake in Quanta Services in the 1st quarter worth about $26,000. Grove Bank & Trust boosted its position in Quanta Services by 75.6% during the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock worth $30,000 after acquiring an additional 68 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in shares of Quanta Services by 47.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock valued at $34,000 after purchasing an additional 52 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Quanta Services in the fourth quarter worth approximately $34,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.