On Tuesday, Quanta Services, Inc. (NYSE: PWR) opened higher 2.60% from the last session, before settling in for the closing price of $245.56. Price fluctuations for PWR have ranged from $153.74 to $265.82 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 14.12% annually for the last half of the decade. Company’s average yearly earnings per share was noted 16.43% at the time writing. With a float of $143.95 million, this company’s outstanding shares have now reached $145.51 million.
In an organization with 52500 employees, it is important to assess its efficiency.
Quanta Services, Inc. (PWR) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Engineering & Construction industry is another important factor to consider. The insider ownership of Quanta Services, Inc. is 1.24%, while institutional ownership is 93.05%. The most recent insider transaction that took place on Mar 27 ’24, was worth 288,396. In this transaction EVP and General Counsel of this company sold 1,101 shares at a rate of $261.94, taking the stock ownership to the 40,065 shares. Before that another transaction happened on Mar 12 ’24, when Company’s EVP and General Counsel sold 595 for $239.61, making the entire transaction worth $142,568. This insider now owns 41,954 shares in total.
Quanta Services, Inc. (PWR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 16.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.22% during the next five years compared to 21.34% growth over the previous five years of trading.
Quanta Services, Inc. (NYSE: PWR) Trading Performance Indicators
Check out the current performance indicators for Quanta Services, Inc. (PWR). In the past quarter, the stock posted a quick ratio of 1.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.76. Likewise, its price to free cash flow for the trailing twelve months is 32.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.00, a number that is poised to hit 1.29 in the next quarter and is forecasted to reach 9.59 in one year’s time.
Technical Analysis of Quanta Services, Inc. (PWR)
Let’s dig in a bit further. During the last 5-days, its volume was 0.94 million. That was better than the volume of 0.92 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 24.99%. Additionally, its Average True Range was 6.09.
During the past 100 days, Quanta Services, Inc.’s (PWR) raw stochastic average was set at 83.33%, which indicates a significant increase from 40.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.94% in the past 14 days, which was lower than the 27.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $243.21, while its 200-day Moving Average is $206.54. However, in the short run, Quanta Services, Inc.’s stock first resistance to watch stands at $254.22. Second resistance stands at $256.50. The third major resistance level sits at $260.46. If the price goes on to break the first support level at $247.99, it is likely to go to the next support level at $244.03. The third support level lies at $241.75 if the price breaches the second support level.
Quanta Services, Inc. (NYSE: PWR) Key Stats
There are currently 146,384K shares outstanding in the company with a market cap of 36.72 billion. Presently, the company’s annual sales total 20,882 M according to its annual income of 744,690 K. Last quarter, the company’s sales amounted to 5,784 M and its income totaled 210,910 K.
