Zacks: Analysts Expect Quanta Services Inc (PWR) to Announce $0.44 EPS

Equities research analysts forecast that Quanta Services Inc (NYSE:PWR) will post earnings of $0.44 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Quanta Services’ earnings. The highest EPS estimate is $0.46 and the lowest is $0.42. Quanta Services posted earnings per share of $0.56 in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.4%. The business is scheduled to issue its next earnings results on Tuesday, February 20th.

On average, analysts expect that Quanta Services will report full-year earnings of $1.96 per share for the current financial year, with EPS estimates ranging from $1.94 to $1.99. For the next financial year, analysts anticipate that the firm will report earnings of $2.51 per share, with EPS estimates ranging from $2.04 to $2.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Quanta Services.

Several equities analysts recently weighed in on PWR shares. Zacks Investment Research raised shares of Quanta Services from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Monday, October 16th. Citigroup set a $47.00 target price on shares of Quanta Services and gave the company a “buy” rating in a research note on Friday, October 27th. Robert W. Baird lifted their price objective on shares of Quanta Services from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating and set a $45.00 price objective on shares of Quanta Services in a research report on Friday, November 3rd. Finally, B. Riley lifted their price objective on shares of Quanta Services from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $45.33.

Institutional investors and hedge funds have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Quanta Services during the third quarter worth $111,000. Cerebellum GP LLC acquired a new stake in shares of Quanta Services during the fourth quarter worth $130,000. Intact Investment Management Inc. acquired a new stake in shares of Quanta Services during the third quarter worth $209,000. SSI Investment Management Inc. acquired a new stake in shares of Quanta Services during the fourth quarter worth $209,000. Finally, Maple Capital Management Inc. acquired a new stake in shares of Quanta Services during the third quarter worth $213,000. 85.66% of the stock is owned by institutional investors.

Quanta Services (PWR) traded up $0.45 during trading hours on Monday, hitting $33.98. 1,528,862 shares of the company traded hands, compared to its average volume of 1,509,854. Quanta Services has a twelve month low of $30.23 and a twelve month high of $40.10. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $5,250.00, a PE ratio of 18.37, a PEG ratio of 1.72 and a beta of 0.79.

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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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