Quanta Services, Inc. [PWR] stock prices are up 0.53% to $235.64 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PWR shares have gain 11.45% over the last week, with a monthly amount glided 19.02%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, QUANTA SERVICES REPORTS FOURTH QUARTER AND FULL-YEAR 2023 RESULTS. In a post published today on Yahoo Finance, Full-Year 2024 Guidance Reflects Solid Growth in Revenues and Opportunity for Double-Digit Growth in Net Income, Adjusted EBITDA, Cash Flow From Operations and Earnings Per Share.
From an analyst’s perspective:
Quanta Services, Inc. [NYSE: PWR] stock has seen the most recent analyst activity on February 13, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $237. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on January 10, 2024. Goldman upgraded its rating to a Buy and decreased its price target to $211 on November 08, 2023. Cowen reiterated its recommendation of a Outperform and raised its price target to $165 on December 27, 2022. Goldman downgraded its rating to Neutral for this stock on September 15, 2022, but kept the price target unchanged to $150. In a note dated July 15, 2022, Argus initiated an Buy rating and provided a target price of $150 on this stock.
The stock price of Quanta Services, Inc. [PWR] has been fluctuating between $151.70 and $237.31 over the past year. Currently, Wall Street analysts expect the stock to reach $132.6 within the next 12 months. Quanta Services, Inc. [NYSE: PWR] shares were valued at $235.64 at the most recent close of the market. An investor can expect a potential drop of -43.73% based on the average PWR price forecast.
Analyzing the PWR fundamentals
The Quanta Services, Inc. [NYSE:PWR] reported sales of 20.88B for trailing twelve months, representing a surge of 30.96%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 232.91 points at the first support level, and at 230.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 238.69, and for the 2nd resistance point, it is at 241.73.
Quanta Services, Inc. [PWR] reported earnings per share of $2.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.98/share, meaning a difference of $0.06 and a surprise factor of 3.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.24 per share as compared to estimates of $2.11 per share, a difference of $0.13 representing a surprise of 6.20%.
Ratios To Look Out For
It’s worth pointing out that Quanta Services, Inc. [NYSE:PWR]’s Current Ratio is 1.47. In addition, the Quick Ratio stands at 1.44 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 5.47 and price to earnings (TTM) ratio is 47.09.
Transactions by insiders
Recent insider trading involved WAYNE DONALD, EVP and General Counsel, that happened on Sep 01 when 5000.0 shares were sold. VP Tax, Upperman Dorothy completed a deal on Jun 07 to sell 4074.0 shares. Meanwhile, Director FRIED BERNARD sold 8000.0 shares on Jun 02.
