$0.86 Earnings Per Share Expected for Quanta Services Inc (PWR) This Quarter

Analysts expect that Quanta Services Inc (NYSE:PWR) will post earnings per share (EPS) of $0.86 for the current quarter, according to Zacks. Six analysts have provided estimates for Quanta Services’ earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.80. Quanta Services reported earnings of $0.40 per share during the same quarter last year, which suggests a positive year over year growth rate of 115%. The business is expected to report its next quarterly earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Quanta Services will report full-year earnings of $3.52 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.62. For the next financial year, analysts expect that the company will post earnings of $3.67 per share, with EPS estimates ranging from $3.45 to $3.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Quanta Services.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 21st. The construction company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.94 billion. Quanta Services had a net margin of 2.63% and a return on equity of 10.63%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Quanta Services from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research note on Monday, February 25th. Citigroup set a $46.00 target price on shares of Quanta Services and gave the stock a “buy” rating in a research note on Friday, February 22nd. B. Riley reaffirmed a “buy” rating and set a $47.00 price objective (down previously from $56.00) on shares of Quanta Services in a research note on Monday, March 11th. Finally, ValuEngine raised shares of Quanta Services from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Quanta Services currently has an average rating of “Buy” and a consensus price target of $42.60.

NYSE PWR traded up $0.35 on Friday, hitting $37.74. The stock had a trading volume of 106,756 shares, compared to its average volume of 1,325,412. The company has a current ratio of 1.84, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29. Quanta Services has a 52-week low of $27.90 and a 52-week high of $37.95. The firm has a market capitalization of $5.29 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.43 and a beta of 1.04.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Thursday, April 4th. Quanta Services’s dividend payout ratio (DPR) is presently 6.32%.

In other news, Director Bernard Fried sold 4,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $36.63, for a total value of $146,520.00. Following the completion of the sale, the director now owns 8,953 shares in the company, valued at approximately $327,948.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Donald Wayne sold 1,295 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $36.09, for a total transaction of $46,736.55. Following the completion of the sale, the executive vice president now owns 30,054 shares of the company’s stock, valued at approximately $1,084,648.86. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in PWR. Fort L.P. purchased a new stake in shares of Quanta Services during the fourth quarter worth about $39,000. Private Capital Group LLC grew its holdings in shares of Quanta Services by 79.6% during the fourth quarter. Private Capital Group LLC now owns 1,690 shares of the construction company’s stock worth $51,000 after buying an additional 749 shares in the last quarter. CSat Investment Advisory L.P. grew its holdings in shares of Quanta Services by 53.7% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,858 shares of the construction company’s stock worth $56,000 after buying an additional 649 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of Quanta Services by 83.9% during the third quarter. Federated Investors Inc. PA now owns 3,203 shares of the construction company’s stock worth $107,000 after buying an additional 1,461 shares in the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Quanta Services by 119.9% during the fourth quarter. Synovus Financial Corp now owns 3,738 shares of the construction company’s stock worth $112,000 after buying an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 87.97% of the company’s stock.

Quanta Services Company Profile

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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