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

Quanta Services (NYSE:PWR) released its quarterly earnings results on Thursday. The construction company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Quanta Services updated its FY 2025 guidance to 9.900-10.500 EPS.

Quanta Services Stock Performance

Shares of PWR stock traded down $14.72 during trading on Thursday, reaching $277.35. The company had a trading volume of 2,586,896 shares, compared to its average volume of 1,493,316. The firm’s 50 day simple moving average is $318.48 and its two-hundred day simple moving average is $305.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. Quanta Services has a one year low of $206.58 and a one year high of $365.88. The company has a market capitalization of $40.94 billion, a PE ratio of 51.17, a PEG ratio of 1.44 and a beta of 1.05.

Analyst Ratings Changes

A number of equities research analysts have commented on PWR shares. Northland Securities restated an “outperform” rating and set a $328.00 price objective (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. UBS Group raised their price objective on Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial decreased 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. Finally, Daiwa Capital Markets started coverage on Quanta Services in a research report on Friday, December 6th. They set an “outperform” rating and a $355.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.50.

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.