Analysts expect Quanta Services Inc (NYSE:PWR) to report $2.34 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Quanta Services’ earnings, with the highest sales estimate coming in at $2.44 billion and the lowest estimate coming in at $2.30 billion. Quanta Services reported sales of $2.10 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 11.4%. The business is expected to announce its next quarterly earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Quanta Services will report full year sales of $2.34 billion for the current year, with estimates ranging from $9.29 billion to $9.43 billion. For the next financial year, analysts expect that the business will report sales of $10.03 billion per share, with estimates ranging from $9.87 billion to $10.34 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Quanta Services.
Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. Quanta Services’s revenue was up 27.8% on a year-over-year basis.
Quanta Services (NYSE PWR) opened at $39.14 on Friday. Quanta Services has a 52-week low of $30.23 and a 52-week high of $40.10. The firm has a market capitalization of $6,090.00, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.80.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PWR. M&T Bank Corp grew its stake in shares of Quanta Services by 8.6% during the 2nd quarter. M&T Bank Corp now owns 8,806 shares of the construction company’s stock valued at $290,000 after acquiring an additional 695 shares during the period. Suntrust Banks Inc. grew its stake in shares of Quanta Services by 7.5% during the 2nd quarter. Suntrust Banks Inc. now owns 10,077 shares of the construction company’s stock valued at $331,000 after acquiring an additional 700 shares during the period. First Allied Advisory Services Inc. grew its stake in shares of Quanta Services by 10.6% during the 2nd quarter. First Allied Advisory Services Inc. now owns 7,347 shares of the construction company’s stock valued at $243,000 after acquiring an additional 702 shares during the period. Nomura Holdings Inc. grew its stake in shares of Quanta Services by 7.6% during the 2nd quarter. Nomura Holdings Inc. now owns 11,280 shares of the construction company’s stock valued at $371,000 after acquiring an additional 794 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of Quanta Services by 3.8% during the 3rd quarter. Brown Advisory Inc. now owns 38,146 shares of the construction company’s stock valued at $1,425,000 after acquiring an additional 1,400 shares during the period. 86.02% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “Quanta Services Inc (PWR) Expected to Post Quarterly Sales of $2.34 Billion” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/28/quanta-services-inc-pwr-expected-to-post-quarterly-sales-of-2-34-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.