Quanta Services (NYSE:PWR) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Quanta Services (NYSE:PWR) announced its quarterly earnings results on Thursday. The construction company reported $2.74 EPS for the quarter, beating the consensus estimate 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 business had revenue of $6.55 billion for 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 Trading Down 0.3 %

Shares of NYSE:PWR traded down $0.85 during midday trading on Friday, hitting $280.31. The company had a trading volume of 775,099 shares, compared to its average volume of 1,514,743. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. Quanta Services has a 12 month low of $221.07 and a 12 month high of $365.88. The firm has a fifty day simple moving average of $317.38 and a 200 day simple moving average of $304.97. The stock has a market cap of $41.38 billion, a price-to-earnings ratio of 51.72, a PEG ratio of 1.46 and a beta of 1.05.

Analyst Ratings Changes

Several brokerages have recently commented on PWR. Daiwa Capital Markets assumed coverage on shares of Quanta Services in a research note on Friday, December 6th. They issued an “outperform” rating and a $355.00 target price on the stock. Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a research note on Friday, December 6th. Stifel Nicolaus lifted their target price on shares of Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. increased their price target on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Finally, Truist Financial cut their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

Quanta Services Company Profile

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.