DA Davidson Comments on Quanta Services Q1 Earnings

Quanta Services, Inc. (NYSE:PWR) – Analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Quanta Services in a research report issued on Friday, February 21st. DA Davidson analyst B. Thielman expects that the construction company will earn $1.49 per share for the quarter. The consensus estimate for Quanta Services’ current full-year earnings is $9.34 per share.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.61 billion.

Several other analysts have also recently issued reports on the company. Stifel Nicolaus increased their price objective on Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Citigroup reduced their price objective on Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Finally, Truist Financial reduced their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Quanta Services Stock Down 4.1 %

Shares of NYSE PWR opened at $269.75 on Monday. The stock has a market cap of $39.82 billion, a P/E ratio of 44.73, a PEG ratio of 1.41 and a beta of 1.05. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. Quanta Services has a 12-month low of $221.07 and a 12-month high of $365.88. The business’s fifty day simple moving average is $316.02 and its 200-day simple moving average is $305.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PWR. Vanguard Group Inc. grew its position in Quanta Services by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company’s stock worth $5,375,828,000 after purchasing an additional 161,277 shares during the last quarter. Capital World Investors lifted its holdings in shares of Quanta Services by 14.1% during the 4th quarter. Capital World Investors now owns 7,223,471 shares of the construction company’s stock worth $2,282,978,000 after acquiring an additional 891,977 shares during the period. State Street Corp lifted its holdings in shares of Quanta Services by 1.6% during the 3rd quarter. State Street Corp now owns 5,748,637 shares of the construction company’s stock worth $1,713,956,000 after acquiring an additional 89,975 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Quanta Services by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 3,558,827 shares of the construction company’s stock worth $1,121,830,000 after acquiring an additional 99,416 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Quanta Services by 3.7% during the 4th quarter. Invesco Ltd. now owns 1,913,847 shares of the construction company’s stock worth $604,871,000 after acquiring an additional 68,565 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

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.