Quanta Services, Inc. (PWR): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Quanta Services to Participate in Several Institutional Investor Conferences in March.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

This NYSE-listed company operates within the Engineering & Construction industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $243.81 and fluctuated between $246.96 as its day high and $242.68 as its day low. The current market capitalization of Quanta Services, Inc. is $35.54B. A total of 0.53 million shares were traded on the day, compared to an average of 958.19K shares.

In the most recent transaction, WAYNE DONALD sold 595 shares of PWR for 239.61 per share on Mar 12 ’24. After the transaction, the EVP and General Counsel now owns 41,954 company shares. In a previous transaction on Mar 05 ’24, WAYNE DONALD sold 904 shares at 241.81 per share. PWR shares that EVP and General Counsel owns now total 43,225.

Among the insiders who sold shares, WAYNE DONALD disposed of 8,842 shares on Mar 04 ’24 at a per-share price of $242.27. This resulted in the EVP and General Counsel holding 44,129 shares of PWR after the transaction. In another insider transaction, SHANNON MARGARET B sold 8,515 shares at $239.92 per share on Mar 01 ’24. Company shares held by the Director now total 34,063.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Quanta Services, Inc. pays an annual dividend of $0.33, resulting in a dividend yield of 0.14%, and it has a price to earnings (P/E) ratio of 48.72. PWR’s most recent ex-dividend date was 12/29/2023 when it declared a $0.09 quarterly dividend that was paid in cash on 1/12/2024. Previously, the company paid the dividend on 10/13/2023 with an ex-dividend date of 9/29/2023. The PWR stock dividend was $0.08 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, PWR has a high of $245.43 and a low of $152.00.

As of this writing, PWR has an earnings estimate of $1.33 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.44 per share and a lower estimate of $1.04. The company reported an EPS of $2.24 in the last quarter, which was 6.20% higher than expectations of $2.11.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PWR’s latest balance sheet shows that the firm has $229.10M in Cash & Short Term Investments as of fiscal 2021. There were $4.00B in debt and $3.16B in liabilities at the time. Its Book Value Per Share was $43.11, while its Total Shareholder’s Equity was $5.12B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PWR is Buy with a score of 4.69.

Most Popular

Related Posts