Quanta Services Q4 EPS Forecast Raised by Zacks Research

Quanta Services, Inc. (NYSE:PWR) – Equities research analysts at Zacks Research upped their Q4 2024 earnings estimates for shares of Quanta Services in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings of $2.41 per share 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.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group assumed coverage on shares of Quanta Services in a report on Wednesday, September 4th. They set a “hold” rating and a $256.00 price objective for the company. UBS Group increased their price target on Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wolfe Research initiated coverage on Quanta Services in a report on Thursday, September 19th. They issued an “outperform” rating and a $313.00 price objective for the company. Truist Financial increased their target price on Quanta Services from $319.00 to $358.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, B. Riley boosted their price target on Quanta Services from $286.00 to $303.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Four equities research 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, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $314.27.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $346.54 on Monday. The business has a 50-day simple moving average of $310.67 and a two-hundred day simple moving average of $280.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The firm has a market cap of $51.15 billion, a price-to-earnings ratio of 63.82 and a beta of 1.01. Quanta Services has a fifty-two week low of $180.97 and a fifty-two week high of $350.19.

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

Institutional Investors Weigh In On Quanta Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Synovus Financial Corp grew its position in shares of Quanta Services by 34.0% during the third quarter. Synovus Financial Corp now owns 7,206 shares of the construction company’s stock worth $2,148,000 after purchasing an additional 1,830 shares in the last quarter. Tidal Investments LLC grew its holdings in Quanta Services by 10.5% during the 3rd quarter. Tidal Investments LLC now owns 18,779 shares of the construction company’s stock valued at $5,597,000 after buying an additional 1,781 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Quanta Services during the third quarter valued at approximately $1,058,000. Diamant Asset Management Inc. purchased a new position in shares of Quanta Services in the third quarter worth $206,000. Finally, Second Line Capital LLC bought a new position in shares of Quanta Services during the third quarter worth $2,902,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, January 2nd. Quanta Services’s dividend payout ratio (DPR) is presently 7.38%.

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.