Quanta Services (NYSE:PWR - Get Free Report) announced its quarterly earnings data on Thursday. The construction company reported $2.74 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.12, Zacks reports. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. Quanta Services updated its FY 2025 guidance to 9.900-10.500 EPS.
Quanta Services Stock Performance
NYSE:PWR traded down $11.41 during midday trading on Friday, reaching $269.75. The stock had a trading volume of 3,467,677 shares, compared to its average volume of 1,594,487. 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 stock has a market cap of $39.82 billion, a P/E ratio of 49.77, a P/E/G ratio of 1.46 and a beta of 1.05. The firm has a fifty day simple moving average of $316.02 and a two-hundred day simple moving average of $305.18. Quanta Services has a 12-month low of $221.07 and a 12-month high of $365.88.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Robert W. Baird raised their price target on Quanta Services from $320.00 to $333.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Northland Securities reiterated an "outperform" rating and issued a $328.00 price target (up from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Roth Mkm began coverage on shares of Quanta Services in a report on Friday. They set a "buy" rating and a $350.00 price objective on the stock. Guggenheim started coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a "neutral" rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Four investment 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 stock currently has an average rating of "Moderate Buy" and an average target price of $331.53.
View Our Latest Analysis on PWR
About Quanta Services
(
Get Free Report)
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.
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