Quanta Services, Inc. (NYSE:PWR) is scheduled to release its earnings data before the market opens on Wednesday, November 1st. Analysts expect Quanta Services to post earnings of $0.61 per share for the quarter. Quanta Services has set its FY17 guidance at $1.92-2.10 EPS.
Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). Quanta Services had a return on equity of 8.36% and a net margin of 3.21%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Quanta Services’s quarterly revenue was up 22.8% compared to the same quarter last year. On average, analysts expect Quanta Services to post $1.81 EPS for the current fiscal year and $2.3 EPS for the next fiscal year.
Quanta Services, Inc. (NYSE PWR) opened at 37.98 on Monday. The stock has a market capitalization of $5.89 billion, a PE ratio of 21.59 and a beta of 0.83. The company’s 50-day moving average price is $37.21 and its 200 day moving average price is $34.59. Quanta Services, Inc. has a 52-week low of $27.29 and a 52-week high of $38.82.
In other news, EVP Randall C. Wisenbaker sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $35.15, for a total transaction of $316,350.00. Following the completion of the transaction, the executive vice president now owns 34,797 shares in the company, valued at $1,223,114.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Patrick Wood III sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $34.51, for a total value of $138,040.00. Following the transaction, the director now owns 7,506 shares of the company’s stock, valued at approximately $259,032.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,000 shares of company stock valued at $597,550. Company insiders own 0.70% of the company’s stock.
A number of brokerages have issued reports on PWR. FBR & Co upgraded Quanta Services to an “outperform” rating and increased their price target for the stock from $40.00 to $45.00 in a research note on Wednesday, August 9th. BidaskClub upgraded Quanta Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Citigroup Inc. set a $47.00 price target on Quanta Services and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $45.00 price target on shares of Quanta Services in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.10.
Quanta Services Company Profile
Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.
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