$0.84 EPS Expected for Quanta Services Inc (NYSE:PWR) This Quarter

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Wall Street brokerages expect Quanta Services Inc (NYSE:PWR) to report earnings of $0.84 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Quanta Services’ earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.85. Quanta Services posted earnings of $0.96 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.5%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 20th.

On average, analysts expect that Quanta Services will report full-year earnings of $3.23 per share for the current financial year, with EPS estimates ranging from $3.14 to $3.29. For the next financial year, analysts forecast that the company will report earnings of $3.89 per share, with EPS estimates ranging from $3.60 to $4.05. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Quanta Services.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.17 billion. Quanta Services had a net margin of 2.81% and a return on equity of 12.17%. Quanta Services’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS.

Several research firms have recently weighed in on PWR. Vertical Research began coverage on shares of Quanta Services in a research note on Friday, August 23rd. They issued a “buy” rating and a $41.00 price objective for the company. ValuEngine upgraded shares of Quanta Services from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Citigroup boosted their price target on shares of Quanta Services from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. DA Davidson boosted their price target on shares of Quanta Services from $40.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Stephens set a $42.00 price target on shares of Quanta Services and gave the company a “buy” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $44.86.

Shares of NYSE:PWR traded down $0.21 during mid-day trading on Tuesday, hitting $42.93. The company had a trading volume of 736,882 shares, compared to its average volume of 1,400,938. The firm has a fifty day moving average price of $39.60 and a 200 day moving average price of $37.35. The company has a market capitalization of $6.23 billion, a PE ratio of 16.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.82 and a quick ratio of 1.80. Quanta Services has a one year low of $27.90 and a one year high of $44.09.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.37%. Quanta Services’s dividend payout ratio (DPR) is presently 6.32%.

In other Quanta Services news, CAO Jerry K. Lemon sold 2,750 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.70, for a total transaction of $120,175.00. Following the completion of the sale, the chief accounting officer now owns 10,277 shares in the company, valued at approximately $449,104.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dorothy Upperman sold 5,764 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $43.86, for a total transaction of $252,809.04. Following the sale, the vice president now owns 13,134 shares of the company’s stock, valued at approximately $576,057.24. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PWR. Cetera Advisor Networks LLC purchased a new position in Quanta Services during the 3rd quarter worth $228,000. Trillium Asset Management LLC boosted its holdings in Quanta Services by 11.1% during the 3rd quarter. Trillium Asset Management LLC now owns 286,557 shares of the construction company’s stock worth $10,832,000 after acquiring an additional 28,635 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Quanta Services by 22.0% during the 3rd quarter. AE Wealth Management LLC now owns 26,771 shares of the construction company’s stock worth $1,012,000 after acquiring an additional 4,828 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Quanta Services by 12.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 31,985 shares of the construction company’s stock worth $1,209,000 after acquiring an additional 3,569 shares during the last quarter. Finally, Boston Advisors LLC boosted its holdings in Quanta Services by 64.6% during the 3rd quarter. Boston Advisors LLC now owns 229,133 shares of the construction company’s stock worth $8,661,000 after acquiring an additional 89,959 shares during the last quarter. Institutional investors and hedge funds own 85.57% of the company’s stock.

Quanta Services Company Profile

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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