DA Davidson Comments on Quanta Services Q1 Earnings

Quanta Services, Inc. (NYSE:PWR) – Stock analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Quanta Services in a research report issued on Friday, February 21st. DA Davidson analyst B. Thielman expects that the construction company will post earnings of $1.49 per share for the quarter. The consensus estimate for Quanta Services’ current full-year earnings is $9.34 per share.

Other analysts have also recently issued research reports about the stock. Guggenheim started coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating for the company. Northland Securities reiterated an “outperform” rating and set a $328.00 target price (up previously from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Citigroup lowered their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Finally, Daiwa Capital Markets cut Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Quanta Services Price Performance

PWR opened at $264.35 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services has a 12 month low of $227.11 and a 12 month high of $365.88. The company has a fifty day simple moving average of $312.93 and a 200 day simple moving average of $305.99. The stock has a market cap of $39.02 billion, a P/E ratio of 43.84, a P/E/G ratio of 1.41 and a beta of 1.05.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.61 billion.

Institutional Investors Weigh In On Quanta Services

Several hedge funds have recently bought and sold shares of PWR. Versor Investments LP bought a new position in Quanta Services in the 3rd quarter valued at about $406,000. Kestra Private Wealth Services LLC raised its holdings in Quanta Services by 85.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company’s stock valued at $1,502,000 after acquiring an additional 2,184 shares during the period. Principal Financial Group Inc. raised its holdings in Quanta Services by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company’s stock valued at $61,932,000 after acquiring an additional 11,012 shares during the period. Synovus Financial Corp raised its holdings in Quanta Services by 34.0% in the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company’s stock valued at $2,148,000 after acquiring an additional 1,830 shares during the period. Finally, Waverton Investment Management Ltd raised its holdings in Quanta Services by 6.5% in the 3rd quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company’s stock valued at $12,509,000 after acquiring an additional 2,557 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

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.