Equities analysts expect Quanta Services, Inc. (NYSE:PWR) to post earnings of $0.44 per share for the current quarter, according to Zacks. Eight analysts have provided estimates for Quanta Services’ earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.42. Quanta Services posted earnings per share of $0.56 in the same quarter last year, which would suggest a negative year over year growth rate of 21.4%. The company is expected to report its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Quanta Services will report full-year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.94 to $2.02. For the next fiscal year, analysts anticipate that the business will report earnings of $2.44 per share, with EPS estimates ranging from $2.04 to $2.64. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Quanta Services.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. Quanta Services’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Quanta Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Citigroup set a $47.00 price target on Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and set a $39.00 price target on shares of Quanta Services in a research report on Friday, October 6th. ValuEngine downgraded Quanta Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Seaport Global Securities reissued a “buy” rating and set a $45.00 price target (up previously from $41.00) on shares of Quanta Services in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Quanta Services presently has an average rating of “Buy” and a consensus target price of $44.64.

Shares of Quanta Services (NYSE:PWR) traded down $0.13 during mid-day trading on Wednesday, reaching $38.29. The company had a trading volume of 1,356,614 shares, compared to its average volume of 1,566,133. The firm has a market capitalization of $6,003.17, a PE ratio of 20.31, a PEG ratio of 2.74 and a beta of 0.86. Quanta Services has a 52-week low of $30.23 and a 52-week high of $39.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.80 and a current ratio of 1.85.

Large investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Quanta Services in the third quarter valued at $111,000. Tower Research Capital LLC TRC grew its position in shares of Quanta Services by 182.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,390 shares of the construction company’s stock valued at $112,000 after purchasing an additional 2,190 shares during the period. Bessemer Group Inc. grew its position in shares of Quanta Services by 22.2% in the second quarter. Bessemer Group Inc. now owns 4,628 shares of the construction company’s stock valued at $152,000 after purchasing an additional 840 shares during the period. Commonwealth Bank of Australia purchased a new stake in shares of Quanta Services in the second quarter valued at $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Quanta Services by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the construction company’s stock valued at $189,000 after purchasing an additional 708 shares during the period. 85.97% of the stock is owned by institutional investors and hedge funds.

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About Quanta Services

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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