Equities analysts expect Quanta Services Inc (NYSE:PWR) to post $2.61 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Quanta Services’ earnings. The highest sales estimate is $2.66 billion and the lowest is $2.57 billion. Quanta Services reported sales of $2.42 billion during the same quarter last year, which indicates a positive year over year growth rate of 7.9%. The firm is expected to report its next earnings report on Thursday, May 2nd.
On average, analysts expect that Quanta Services will report full-year sales of $11.01 billion for the current financial year, with estimates ranging from $10.92 billion to $11.13 billion. For the next year, analysts anticipate that the company will post sales of $11.62 billion, with estimates ranging from $11.35 billion to $12.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Quanta Services.
Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 21st. The construction company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Quanta Services had a net margin of 2.63% and a return on equity of 10.63%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share.
In other Quanta Services news, CFO Derrick A. Jensen bought 8,560 shares of the stock in a transaction dated Wednesday, December 19th. The shares were acquired at an average cost of $29.11 per share, for a total transaction of $249,181.60. Following the completion of the transaction, the chief financial officer now owns 250,603 shares in the company, valued at approximately $7,295,053.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Earl C. Jr. Austin bought 25,500 shares of the stock in a transaction dated Wednesday, December 19th. The shares were acquired at an average price of $29.40 per share, for a total transaction of $749,700.00. Following the completion of the transaction, the chief executive officer now owns 441,647 shares of the company’s stock, valued at approximately $12,984,421.80. The disclosure for this purchase can be found here. Insiders acquired 52,060 shares of company stock worth $1,538,702 over the last quarter. 0.74% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in PWR. Palouse Capital Management Inc. grew its position in Quanta Services by 3.3% in the 4th quarter. Palouse Capital Management Inc. now owns 10,540 shares of the construction company’s stock valued at $317,000 after buying an additional 336 shares during the last quarter. Boston Partners grew its position in Quanta Services by 0.6% in the 4th quarter. Boston Partners now owns 76,946 shares of the construction company’s stock valued at $2,316,000 after buying an additional 484 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Quanta Services by 3.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,040 shares of the construction company’s stock valued at $423,000 after acquiring an additional 519 shares during the period. CWM Advisors LLC lifted its holdings in Quanta Services by 6.3% in the fourth quarter. CWM Advisors LLC now owns 9,231 shares of the construction company’s stock valued at $278,000 after acquiring an additional 549 shares during the period. Finally, Ramsey Quantitative Systems lifted its holdings in Quanta Services by 6.6% in the fourth quarter. Ramsey Quantitative Systems now owns 9,665 shares of the construction company’s stock valued at $291,000 after acquiring an additional 595 shares during the period. Institutional investors and hedge funds own 84.86% of the company’s stock.
NYSE:PWR traded up $0.20 during mid-day trading on Friday, hitting $35.19. The stock had a trading volume of 775,300 shares, compared to its average volume of 1,515,204. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. Quanta Services has a twelve month low of $27.90 and a twelve month high of $37.44. The company has a quick ratio of 1.81, a current ratio of 1.84 and a debt-to-equity ratio of 0.29.
About Quanta Services
Quanta Services, Inc provides specialty contracting services to the electric power, communication, and oil and gas industries in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment provides network solutions, including the design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities, as well as other engineering and technical services.
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