Quanta Services Q4 EPS Estimate Boosted by Zacks Research

Quanta Services, Inc. (NYSE:PWR) – Zacks Research increased their Q4 2024 earnings estimates for Quanta Services in a 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 previous estimate 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 also recently issued reports on PWR. Robert W. Baird lifted their price objective on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. B. Riley boosted their price target on shares of Quanta Services from $286.00 to $303.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. 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 research report on Wednesday, October 23rd. Truist Financial lifted their price objective on shares of Quanta Services from $319.00 to $358.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Wolfe Research started coverage on shares of Quanta Services in a report on Thursday, September 19th. They issued an “outperform” rating and a $313.00 price target for the company. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and an average price target of $314.27.

Quanta Services Price Performance

NYSE:PWR opened at $341.92 on Monday. The business’s 50-day moving average is $309.24 and its 200 day moving average is $280.37. Quanta Services has a 12 month low of $180.97 and a 12 month high of $343.70. The company has a market capitalization of $50.47 billion, a P/E ratio of 63.08 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.

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

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s payout ratio is 6.64%.

Institutional Investors Weigh In On Quanta Services

Hedge funds and other institutional investors have recently modified their holdings of the business. EntryPoint Capital LLC bought a new position in Quanta Services in the 1st quarter valued at $25,000. Cambridge Trust Co. purchased a new position in Quanta Services in the 1st quarter worth about $26,000. Prestige Wealth Management Group LLC bought a new stake in Quanta Services during the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new stake in Quanta Services in the 3rd quarter valued at about $31,000. Finally, Valley Wealth Managers Inc. bought a new position in Quanta Services in the 2nd quarter worth about $33,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

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.