Quanta Services (NYSE:PWR - Get Free Report) announced its quarterly earnings data on Thursday. The construction company reported $2.74 EPS for the quarter, topping analysts' consensus estimates 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 during 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
Shares of PWR traded down $11.41 on Friday, reaching $269.75. 3,467,677 shares of the stock traded hands, compared to its average volume of 1,594,487. The firm has a market cap of $39.82 billion, a price-to-earnings ratio of 49.77, a P/E/G ratio of 1.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. Quanta Services has a 12 month low of $221.07 and a 12 month high of $365.88. The stock's 50-day moving average price is $316.02 and its 200-day moving average price is $305.18.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on PWR. Robert W. Baird raised their price objective on Quanta Services from $320.00 to $333.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. BMO Capital Markets assumed coverage on Quanta Services in a report on Monday, February 3rd. They set an "outperform" rating and a $338.00 price target for the company. Daiwa America upgraded Quanta Services to a "strong-buy" rating in a report on Friday, December 6th. Citigroup reduced their price target on Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Northland Securities reiterated an "outperform" rating and set a $328.00 price target (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $331.53.
Read Our Latest Report on PWR
Quanta Services Company Profile
(
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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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