Quanta Services, Inc. (PWR) Set to Announce Earnings on Tuesday
Quanta Services, Inc. (NYSE:PWR) is set to issue its Q416 quarterly earnings data on Tuesday, February 21st. Analysts expect the company to announce earnings of $0.57 per share and revenue of $2.15 billion for the quarter.
Shares of Quanta Services, Inc. (NYSE:PWR) opened at 37.73 on Friday. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 56.74 and a beta of 0.69. Quanta Services, Inc. has a 52-week low of $17.83 and a 52-week high of $38.08. The stock has a 50 day moving average of $35.78 and a 200 day moving average of $30.62.
In related news, EVP Randall C. Wisenbaker sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $35.00, for a total transaction of $157,500.00. Following the completion of the sale, the executive vice president now directly owns 35,693 shares in the company, valued at $1,249,255. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.
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Several research analysts have commented on PWR shares. TheStreet upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. Zacks Investment Research cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 8th. Robert W. Baird upgraded shares of Quanta Services from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $40.00 in a report on Tuesday, November 15th. Avondale Partners cut shares of Quanta Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 18th. Finally, KeyCorp raised their target price on shares of Quanta Services from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, November 29th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $33.50.
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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