$0.32 EPS Expected for Quanta Services Inc (PWR) This Quarter

Equities research analysts expect Quanta Services Inc (NYSE:PWR) to announce $0.32 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Quanta Services’ earnings, with estimates ranging from $0.28 to $0.40. Quanta Services reported earnings of $0.39 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 17.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Quanta Services will report full-year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.73. For the next financial year, analysts anticipate that the business will report earnings of $3.10 per share, with EPS estimates ranging from $2.85 to $3.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Quanta Services.

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Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Quanta Services had a return on equity of 7.75% and a net margin of 3.33%. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis.

Several analysts have issued reports on the stock. Citigroup boosted their target price on shares of Quanta Services from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Stephens reissued a “buy” rating and set a $49.00 target price on shares of Quanta Services in a research note on Wednesday, January 31st. Zacks Investment Research raised shares of Quanta Services from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Friday, February 9th. Credit Suisse Group reissued an “outperform” rating and set a $42.00 target price (down from $46.00) on shares of Quanta Services in a research note on Friday, February 23rd. Finally, Alembic Global Advisors set a $45.00 target price on shares of Quanta Services and gave the company a “buy” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $45.15.

Several hedge funds and other institutional investors have recently bought and sold shares of PWR. Avestar Capital LLC acquired a new position in shares of Quanta Services in the fourth quarter worth $108,000. Cerebellum GP LLC acquired a new position in shares of Quanta Services in the fourth quarter worth $130,000. SSI Investment Management Inc. acquired a new position in shares of Quanta Services in the fourth quarter worth $209,000. Commerce Bank acquired a new position in shares of Quanta Services in the fourth quarter worth $222,000. Finally, Parametrica Management Ltd acquired a new position in shares of Quanta Services in the fourth quarter worth $264,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:PWR opened at $33.72 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.87 and a current ratio of 1.92. Quanta Services has a 12-month low of $30.23 and a 12-month high of $40.10. The firm has a market cap of $5,184.27, a price-to-earnings ratio of 18.84, a PEG ratio of 1.75 and a beta of 0.86.

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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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