Quanta Services, Inc. [PWR] stock prices are down -1.53% to $258.29 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PWR shares have lost -0.56% over the last week, with a monthly amount glided 7.75%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, Quanta Services Announces First Quarter 2024 Earnings Release & Conference Call Schedule. In a post published today on Yahoo Finance, Quanta Services, Inc. (NYSE: PWR) announced today that it will release its first quarter 2024 financial results on Thursday, May 2, 2024, before the market opens. In conjunction with the press release, Quanta has scheduled a conference call and webcast for 9:00 a.m. Eastern time on Thursday, May 2, 2024.
From an analyst’s perspective:
Quanta Services, Inc. [NYSE: PWR] stock has seen the most recent analyst activity on March 14, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $301. Previously, TD Cowen reaffirmed its Outperform rating on February 27, 2024, and elevated its price target to $270. On February 13, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $237 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Goldman upgraded its rating to Buy for this stock on November 08, 2023, and downed its price target to $211. In a note dated December 27, 2022, Cowen reiterated an Outperform rating on this stock and boosted its target price from $155 to $165.
The stock price of Quanta Services, Inc. [PWR] has been fluctuating between $153.74 and $263.11 over the past year. Currently, Wall Street analysts expect the stock to reach $160.67 within the next 12 months. Quanta Services, Inc. [NYSE: PWR] shares were valued at $258.29 at the most recent close of the market. An investor can expect a potential drop of -37.79% 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 0.14% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.13 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
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 254.84 points at the first support level, and at 251.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 263.78, and for the 2nd resistance point, it is at 269.27.
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. Further, the Quick Ratio stands at 1.44, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 5.99 and price to earnings (TTM) ratio is 51.61.
Transactions by insiders
Recent insider trading involved WAYNE DONALD, EVP and General Counsel, that happened on Mar 27 ’24 when 1101.0 shares were sold. EVP and General Counsel, WAYNE DONALD completed a deal on Mar 12 ’24 to sell 595.0 shares. Meanwhile, EVP and General Counsel WAYNE DONALD sold 904.0 shares on Mar 05 ’24.
