Quanta Services Q4 EPS Forecast Lifted by Zacks Research

Quanta Services, Inc. (NYSE:PWR) – Analysts at Zacks Research upped their Q4 2024 EPS estimates for shares of Quanta Services in a research note issued to investors on Thursday, November 21st. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings per share of $2.41 for the quarter, up from their prior forecast 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.

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

A number of other equities analysts have also recently issued reports on the stock. Truist Financial upped their price target 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. JPMorgan Chase & Co. started coverage on shares of Quanta Services in a report on Monday, October 7th. They set a “neutral” rating and a $297.00 price target on the stock. UBS Group boosted their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Stifel Nicolaus upped their price objective on Quanta Services from $283.00 to $342.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Northland Securities restated an “outperform” rating and issued a $328.00 price target (up previously from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $314.27.

Quanta Services Trading Up 0.6 %

NYSE PWR opened at $341.92 on Monday. Quanta Services has a 12 month low of $180.97 and a 12 month high of $343.70. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average price is $309.24 and its 200-day moving average price is $280.37. The stock has a market cap of $50.47 billion, a P/E ratio of 63.08 and a beta of 1.01.

Quanta Services Increases Dividend

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

Institutional Trading of Quanta Services

Several large investors have recently added to or reduced their stakes in PWR. Versor Investments LP bought a new stake in shares of Quanta Services during the 3rd quarter valued at $406,000. Wealth Enhancement Advisory Services LLC grew its holdings in Quanta Services by 5.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 36,862 shares of the construction company’s stock valued at $9,366,000 after purchasing an additional 1,981 shares during the period. Cetera Investment Advisers increased its position in Quanta Services by 115.0% in the first quarter. Cetera Investment Advisers now owns 39,274 shares of the construction company’s stock worth $10,203,000 after buying an additional 21,003 shares in the last quarter. Czech National Bank raised its stake in shares of Quanta Services by 8.9% in the second quarter. Czech National Bank now owns 27,827 shares of the construction company’s stock worth $7,071,000 after buying an additional 2,264 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Quanta Services by 892.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the construction company’s stock valued at $262,000 after buying an additional 910 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

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.