Analysts Offer Predictions for Quanta Services Q4 Earnings

Quanta Services, Inc. (NYSE:PWR) – Stock analysts at Zacks Research boosted their Q4 2024 earnings estimates for Quanta Services in a research report issued on Thursday, November 21st. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings of $2.41 per share for the quarter, up from their prior forecast of $2.31. The consensus estimate for Quanta Services’ current full-year earnings is $7.88 per share. Zacks Research also issued estimates for Quanta Services’ Q1 2025 earnings at $1.45 EPS, Q3 2025 earnings at $2.84 EPS, Q4 2025 earnings at $2.85 EPS, Q1 2026 earnings at $1.77 EPS, Q2 2026 earnings at $2.52 EPS and Q3 2026 earnings at $3.25 EPS.

A number of other research firms have also recently issued reports on PWR. Northland Securities reiterated an “outperform” rating and issued a $328.00 target price (up from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. B. Riley increased their price objective on Quanta Services from $286.00 to $303.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group began coverage on shares of Quanta Services in a report on Wednesday, September 4th. They issued a “hold” rating and a $256.00 price objective for the company. Robert W. Baird boosted their price target on shares of Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, UBS Group increased their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.27.

Quanta Services Trading Up 0.3 %

Shares of NYSE PWR opened at $342.99 on Monday. Quanta Services has a 12-month low of $180.97 and a 12-month high of $344.45. The company has a market cap of $50.63 billion, a price-to-earnings ratio of 63.27 and a beta of 1.01. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. The stock’s 50 day simple moving average is $309.24 and its 200 day simple moving average is $280.37.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.46 by $0.26. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.56 billion. During the same period in the previous year, the business posted $2.08 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis.

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Thursday, January 2nd. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s dividend payout ratio (DPR) is 7.38%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Quanta Services in the third quarter worth approximately $31,000. EntryPoint Capital LLC acquired a new position in shares of Quanta Services in the first quarter worth $25,000. Cambridge Trust Co. purchased a new stake in shares of Quanta Services during the first quarter worth $26,000. Prestige Wealth Management Group LLC purchased a new stake in shares of Quanta Services during the 3rd quarter worth about $30,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Quanta Services during the 2nd quarter valued at about $33,000. 90.49% of the stock is owned by institutional investors and hedge funds.

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.