Quanta Services, Inc. (PWR) Scheduled to Post Earnings on Wednesday
Quanta Services, Inc. (NYSE:PWR) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Quanta Services to post earnings of $0.61 per share for the quarter. Quanta Services has set its FY17 guidance at $1.92-2.10 EPS.
Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.13 billion. Quanta Services had a return on equity of 8.36% and a net margin of 3.21%. The firm’s revenue was up 22.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share. On average, analysts expect Quanta Services to post $1.81 EPS for the current fiscal year and $2.3 EPS for the next fiscal year.
Quanta Services, Inc. (NYSE:PWR) opened at 37.88 on Wednesday. Quanta Services, Inc. has a one year low of $27.29 and a one year high of $38.82. The firm has a market capitalization of $5.88 billion, a P/E ratio of 21.53 and a beta of 0.83. The stock has a 50 day moving average price of $37.03 and a 200 day moving average price of $34.53.
In related news, EVP Randall C. Wisenbaker sold 9,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $35.15, for a total value of $316,350.00. Following the sale, the executive vice president now owns 34,797 shares in the company, valued at $1,223,114.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick Wood III sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $34.51, for a total transaction of $138,040.00. Following the completion of the sale, the director now owns 7,506 shares in the company, valued at approximately $259,032.06. The disclosure for this sale can be found here. In the last three months, insiders sold 17,000 shares of company stock worth $597,550. 0.70% of the stock is currently owned by insiders.
A number of equities research analysts have issued reports on PWR shares. Zacks Investment Research raised shares of Quanta Services from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Monday, October 16th. Robert W. Baird restated a “hold” rating and set a $39.00 price target on shares of Quanta Services in a research note on Friday, October 6th. BidaskClub cut shares of Quanta Services from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. TheStreet upgraded shares of Quanta Services from a “c+” rating to a “b-” rating in a research note on Friday, July 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 target price on shares of Quanta Services in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $42.40.
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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