Quanta Services (PWR) Stock Price, News & Analysis

Company Overview

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. This segment also offers aviation services; emergency restoration services; and other engineering and technical services; design and construction solutions to wireline and wireless communications, cable multi-system operators, and other customers; and training for electric workers, as well as training for the gas distribution and communications industries. The company's Renewable Energy Infrastructure Solutions segment is involved in engineering, procurement, construction, repair, and maintenance of wind, solar, and hydropower generation facilities, as well as battery storage facilities; and provision of engineering and construction services for substations and switchyards, transmission, and other electrical infrastructures. The company's Underground Utility and Infrastructure Solutions segment offers design, engineering, procurement, construction, upgrade, repair, and maintenance services for natural gas systems for gas utility customers; fabrication services for pipeline support systems and structures and facilities; and engineering and construction services for pipeline and storage systems, and compressor and pump stations. The company was formerly known as Fabal Construction, Inc. and changed its name to Quanta Services, Inc. in November 1997. The company was incorporated in 1997 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $295.18 to $300.57
• 50-Day Range: $239.58 to $299.19
• 52-Week Range: $153.74 to $306.50
• Volume: 784,608 shs
• Average Volume: 911,508 shs
• Market Capitalization: $43.96 billion
• P/E Ratio: 57.83
• Dividend Yield: 0.12%
• Price Target: $286.69
• Consensus Rating: Moderate Buy

Quanta Services Stock Analysis - MarketRank™

Quanta Services scored higher than 89% of companies evaluated by MarketBeat, and ranked 19th out of 106 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Quanta Services has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Quanta Services has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 20.84%

Earnings Growth

Earnings for Quanta Services are expected to grow by 20.84% in the coming year, from $7.82 to $9.45 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Quanta Services is 57.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.06.

Price to Earnings Ratio vs. Sector

The P/E ratio of Quanta Services is 57.83, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 24.96.

Price to Book Value per Share Ratio

Quanta Services has a P/B Ratio of 6.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.55% of the outstanding shares of Quanta Services have been sold short.

Short Interest Ratio / Days to Cover

Quanta Services has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Quanta Services has recently decreased by 4.34%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Quanta Services has a dividend yield of 0.12%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Quanta Services does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Quanta Services is 6.98%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Quanta Services will have a dividend payout ratio of 3.81% next year. This indicates that Quanta Services will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -4.47

Percentage of Shares Shorted

2.55% of the outstanding shares of Quanta Services have been sold short.

Short Interest Ratio / Days to Cover

Quanta Services has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Quanta Services has recently decreased by 4.34%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 1.00

News Sentiment

Quanta Services has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Quanta Services this week, compared to 7 articles on an average week.

Search Interest

26 people have searched for PWR on MarketBeat in the last 30 days. This is an increase of 53% compared to the previous 30 days.

MarketBeat Follows

Only 13 people have added Quanta Services to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Quanta Services insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $53,115,572.00 in company stock.

Percentage Held by Insiders

Only 1.10% of the stock of Quanta Services is held by insiders.

Percentage Held by Institutions

90.49% of the stock of Quanta Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PWR Stock Analysis - Frequently Asked Questions

How have PWR shares performed this year?

Quanta Services' stock was trading at $215.80 on January 1st, 2024. Since then, PWR stock has increased by 38.3% and is now trading at $298.40.
View the best growth stocks for 2024 here.

How were Quanta Services' earnings last quarter?

Quanta Services, Inc. (NYSE:PWR) released its earnings results on Thursday, August, 1st. The construction company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.15. The company's quarterly revenue was up 10.8% on a year-over-year basis.
Read the conference call transcript.

Does Quanta Services have any subsidiaries?

The following companies are subsidiaries of Quanta Services: Arby Construction, North Houston Pole Line L.P., Stronghold Specialty Ltd., Banister Pipelines Constructors Corp., Nacap Australia, Valard Construction LLC, Price Gregory Services LLC, and others.

Who are Quanta Services' major shareholders?

Top institutional investors of Quanta Services include Neville Rodie & Shaw Inc. (0.10%), Czech National Bank (0.02%), SG Americas Securities LLC (0.02%) and Park Avenue Securities LLC (0.01%). Insiders that own company stock include Earl C Jr Austin, Derrick A Jensen, Vincent D Foster, Donald Wayne, Margaret B Shannon, Margaret B Shannon, James Redgie Probst, Gerald A Ducey Jr, Dorothy Upperman, Karl W Studer, Bernard Fried and Worthing Jackman.
View institutional ownership trends.

How do I buy shares of Quanta Services?

Shares of PWR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Quanta Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Quanta Services investors own include Skyworks Solutions (SWKS), Advanced Micro Devices (AMD), Johnson & Johnson (JNJ), Cisco Systems (CSCO), NVIDIA (NVDA), QUALCOMM (QCOM) and Verizon Communications (VZ).

Company Calendar

• Ex-Dividend for 7/12 Dividend: 7/01/2024
• Dividend Payable: 7/12/2024
• Last Earnings: 8/01/2024
• Ex-Dividend for 10/11 Dividend: 10/01/2024
• Today: 10/03/2024
• Dividend Payable: 10/11/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Electrical work
• Sub-Industry: Construction & Engineering
• Current Symbol: NYSE:PWR
• CUSIP: 74762E10
• CIK: 1050915
• Web: www.quantaservices.com
• Phone: (713) 629-7600
• Fax: 713-629-7676
• Employees: 52,500
• Year Founded: 2002

Price Target and Rating

• Average Stock Price Target: $286.69
• High Stock Price Target: $319.00
• Low Stock Price Target: $250.00
• Potential Upside/Downside: -3.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.79
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.16
• Trailing P/E Ratio: 57.83
• Forward P/E Ratio: 38.16
• P/E Growth: N/A
• Net Income: $744.69 million
• Net Margins: 3.59%
• Pretax Margin: 4.79%
• Return on Equity: 16.29%
• Return on Assets: 6.53%

Debt

• Debt-to-Equity Ratio: 0.45
• Current Ratio: 1.30
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: $20.88 billion
• Price / Sales: 2.11
• Cash Flow: $10.97 per share
• Price / Cash Flow: 27.20
• Book Value: $43.25 per share
• Price / Book: 6.90

Miscellaneous

• Outstanding Shares: 147,330,000
• Free Float: 144,778,000
• Market Cap: $43.96 billion
• Optionable: Optionable
• Beta: 1.01