Quanta Services (NYSE:PWR) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Quanta Services (NYSE:PWR) posted its quarterly earnings results on Thursday. The construction company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.12, Zacks reports. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services updated its FY 2025 guidance to 9.900-10.500 EPS.

Quanta Services Stock Performance

PWR traded down $0.85 during trading on Friday, reaching $280.31. 775,099 shares of the company’s stock were exchanged, compared to its average volume of 1,514,743. The company has a market capitalization of $41.38 billion, a P/E ratio of 51.72, a PEG ratio of 1.46 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $317.38 and a 200 day moving average price of $304.97. Quanta Services has a fifty-two week low of $221.07 and a fifty-two week high of $365.88.

Analysts Set New Price Targets

Several equities analysts have commented on PWR shares. Daiwa Capital Markets began coverage on shares of Quanta Services in a research report on Friday, December 6th. They set an “outperform” rating and a $355.00 target price on the stock. BMO Capital Markets began coverage on Quanta Services in a research note on Monday, February 3rd. They issued an “outperform” rating and a $338.00 price objective on the stock. Truist Financial decreased their target price on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Guggenheim initiated coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Finally, Northland Securities reaffirmed an “outperform” rating and set a $328.00 price objective (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $331.53.

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.