Quanta Services VP Unloads $50,344 in Stock (PWR)
Quanta Services (NYSE:PWR) VP Wilson M. Jr. Yancey unloaded 1,438 shares of Quanta Services stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $35.01, for a total value of $50,344.38. Following the completion of the sale, the vice president now directly owns 8,926 shares of the company’s stock, valued at approximately $312,499. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Quanta Services (NYSE:PWR) traded up 1.33% during mid-day trading on Monday, hitting $35.05. The stock had a trading volume of 441,559 shares. Quanta Services has a 1-year low of $25.57 and a 1-year high of $37.42. The stock’s 50-day moving average is $34.67 and its 200-day moving average is $34.47. The company has a market cap of $7.599 billion and a price-to-earnings ratio of 19.08.
Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, analysts predict that Quanta Services will post $1.99 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird upgraded shares of Quanta Services from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $40.00 price target on the stock, down previously from $41.00. Analysts at Global Hunter Securities initiated coverage on shares of Quanta Services in a research note on Thursday, June 19th. They set a “buy” rating and a $41.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Quanta Services currently has a consensus rating of “Buy” and a consensus target price of $37.33.
Quanta Services, Inc (NYSE:PWR) is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and natural gas and oil pipeline industries.
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