FY2025 EPS Estimates for Quanta Services, Inc. Lifted by DA Davidson (NYSE:PWR)

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

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

Several other brokerages have also recently commented on PWR. Citigroup raised their target price on Quanta Services from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Stifel Nicolaus upped their target price on Quanta Services from $237.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. TD Cowen lifted their target price on shares of Quanta Services from $205.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Robert W. Baird increased their target price on Quanta Services from $265.00 to $287.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, KeyCorp started coverage on shares of Quanta Services in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and a consensus target price of $262.00.

Quanta Services Stock Down 0.8 %

Shares of NYSE:PWR opened at $264.86 on Wednesday. The firm has a 50 day simple moving average of $252.43 and a 200 day simple moving average of $216.74. Quanta Services has a 52 week low of $153.74 and a 52 week high of $271.96. 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 cap of $38.77 billion, a PE ratio of 51.33 and a beta of 1.10.

Institutional Trading of Quanta Services

Several institutional investors and hedge funds have recently bought and sold shares of PWR. Private Ocean LLC bought a new stake in shares of Quanta Services during the 1st quarter worth about $26,000. Salomon & Ludwin LLC bought a new position in shares of Quanta Services during the first quarter worth approximately $26,000. Grove Bank & Trust lifted its holdings 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 purchasing an additional 68 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in 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 buying an additional 52 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Quanta Services during the 4th quarter worth $34,000. Institutional investors own 90.49% of the company’s stock.

Insider Transactions at Quanta Services

In related news, EVP Donald Wayne sold 1,101 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total value of $288,395.94. Following the completion of the sale, the executive vice president now owns 40,065 shares in the company, valued at approximately $10,494,626.10. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Quanta Services news, EVP Donald Wayne sold 1,101 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the transaction, the executive vice president now owns 40,065 shares in the company, valued at approximately $10,494,626.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Derrick A. Jensen sold 18,500 shares of Quanta Services stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the sale, the executive vice president now directly owns 263,725 shares in the company, valued at approximately $62,476,452.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,125 shares of company stock worth $11,270,215. 1.10% of the stock is currently owned by company insiders.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 9th were paid a dividend of $0.09 per share. The ex-dividend date was Monday, April 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.14%. Quanta Services’s dividend payout ratio (DPR) is presently 6.98%.

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.