FY2025 EPS Estimates for Quanta Services Reduced by Analyst

Quanta Services, Inc. (NYSE:PWR) – Research analysts at Northland Capmk lowered their FY2025 EPS estimates for shares of Quanta Services in a research report issued to clients and investors on Wednesday, July 2nd. Northland Capmk analyst G. Richard now expects that the construction company will earn $9.62 per share for the year, down from their previous estimate of $9.69. Northland Capmk has a “Hold” rating on the stock. The consensus estimate for Quanta Services’ current full-year earnings is $9.34 per share.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.88 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.06%. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 EPS.

Other equities analysts also recently issued reports about the stock. Piper Sandler restated an “overweight” rating and issued a $370.00 target price (up from $360.00) on shares of Quanta Services in a research note on Tuesday, May 27th. Truist Financial dropped their target price on shares of Quanta Services from $398.00 to $324.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Northland Securities downgraded shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 target price on the stock. in a research note on Wednesday. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. Finally, BMO Capital Markets set a $352.00 price objective on shares of Quanta Services in a research note on Friday, May 2nd. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $350.95.

Quanta Services Price Performance

Shares of PWR stock opened at $386.51 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 1.26. The company has a market capitalization of $57.30 billion, a P/E ratio of 62.34, a P/E/G ratio of 3.01 and a beta of 1.08. The company’s 50-day simple moving average is $347.47 and its two-hundred day simple moving average is $308.51. Quanta Services has a one year low of $227.08 and a one year high of $387.37.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.10%. Quanta Services’s payout ratio is 6.45%.

Institutional Investors Weigh In On Quanta Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. HBW Advisory Services LLC lifted its position in Quanta Services by 51.8% during the second quarter. HBW Advisory Services LLC now owns 2,101 shares of the construction company’s stock valued at $794,000 after acquiring an additional 717 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Quanta Services by 26.6% in the second quarter. Central Pacific Bank Trust Division now owns 2,590 shares of the construction company’s stock worth $979,000 after buying an additional 544 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Quanta Services in the first quarter worth $1,842,000. Swedbank AB raised its holdings in shares of Quanta Services by 50.5% in the first quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after buying an additional 401,418 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Quanta Services by 8.6% in the first quarter. Voya Investment Management LLC now owns 598,067 shares of the construction company’s stock worth $152,017,000 after buying an additional 47,469 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

About Quanta Services

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.