Quanta Services Q4 EPS Forecast Boosted by Zacks Research

Quanta Services, Inc. (NYSE:PWR) – Research analysts at Zacks Research boosted their Q4 2024 EPS estimates for Quanta Services in a research note issued to investors on Thursday, November 21st. Zacks Research analyst S. Mukherjee now expects that the construction company will post earnings of $2.41 per share for the quarter, up from their prior estimate 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 issued its quarterly 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. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.56 billion. During the same period last year, the business posted $2.08 earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year.

PWR has been the subject of a number of other research reports. Stifel Nicolaus upped their price objective on shares of Quanta Services from $283.00 to $342.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Truist Financial boosted their price objective on Quanta Services from $319.00 to $358.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on shares of Quanta Services in a research note on Wednesday, September 4th. They set a “hold” rating and a $256.00 price target on the stock. Citigroup increased their price target on shares of Quanta Services from $302.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, UBS Group raised their target price on Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $314.27.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $342.99 on Monday. Quanta Services has a 12 month low of $180.97 and a 12 month high of $344.45. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The company has a market cap of $50.63 billion, a P/E ratio of 63.27 and a beta of 1.01. The business’s 50 day moving average is $309.24 and its two-hundred day moving average is $280.37.

Quanta Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend 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 7.38%.

Institutional Investors Weigh In On Quanta Services

Several institutional investors have recently bought and sold shares of PWR. Electron Capital Partners LLC raised its stake in shares of Quanta Services by 395.1% during the 2nd quarter. Electron Capital Partners LLC now owns 2,622,142 shares of the construction company’s stock worth $666,260,000 after purchasing an additional 2,092,519 shares in the last quarter. Swedbank AB acquired a new stake in Quanta Services in the first quarter valued at $227,218,000. American Century Companies Inc. grew its position in shares of Quanta Services by 1,445.3% in the 2nd quarter. American Century Companies Inc. now owns 395,152 shares of the construction company’s stock valued at $100,404,000 after acquiring an additional 369,581 shares during the period. Alkeon Capital Management LLC increased its stake in shares of Quanta Services by 62.5% during the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Quanta Services by 17.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,235,655 shares of the construction company’s stock valued at $313,968,000 after purchasing an additional 186,306 shares during the period. Institutional investors own 90.49% of the company’s stock.

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.