Quanta Services, Inc. (NYSE:PWR) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.01. The company issued revenue guidance of $9.25-9.35 billion, compared to the consensus revenue estimate of $8.86 billion.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.30 billion. Quanta Services had a net margin of 3.21% and a return on equity of 8.36%. Quanta Services’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share.

Several research analysts have commented on PWR shares. Stifel Nicolaus restated a buy rating and issued a $45.00 target price on shares of Quanta Services in a research report on Thursday, September 7th. Credit Suisse Group restated a buy rating and issued a $47.00 target price on shares of Quanta Services in a research report on Friday, August 4th. BidaskClub upgraded shares of Quanta Services from a sell rating to a hold rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Quanta Services from a hold rating to a buy rating and set a $37.00 target price for the company in a research report on Monday, July 24th. Finally, Citigroup Inc. upgraded shares of Quanta Services from a neutral rating to a buy rating and set a $40.00 target price for the company in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $43.10.

In other news, Director John Michal Conaway sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $35.79, for a total value of $143,160.00. Following the completion of the transaction, the director now directly owns 17,152 shares in the company, valued at $613,870.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Randall C. Wisenbaker sold 9,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $35.15, for a total transaction of $316,350.00. Following the completion of the transaction, the executive vice president now owns 34,797 shares of the company’s stock, valued at $1,223,114.55. The disclosure for this sale can be found here. Insiders sold 17,000 shares of company stock valued at $597,550 over the last quarter. Insiders own 0.70% of the company’s stock.

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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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