Wall Street analysts expect Quanta Services Inc (NYSE:PWR) to post earnings per share (EPS) of $1.04 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Quanta Services’ earnings. The lowest EPS estimate is $1.00 and the highest is $1.09. Quanta Services reported earnings of $0.88 per share in the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 7th.

On average, analysts expect that Quanta Services will report full year earnings of $3.37 per share for the current fiscal year, with EPS estimates ranging from $3.04 to $3.65. For the next financial year, analysts forecast that the business will post earnings of $3.73 per share, with EPS estimates ranging from $3.57 to $3.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Quanta Services.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.45). Quanta Services had a net margin of 2.80% and a return on equity of 11.41%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the business earned $0.59 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis.

PWR has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of Quanta Services from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. ValuEngine lowered shares of Quanta Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, DA Davidson lowered shares of Quanta Services from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.00.

NYSE PWR traded up $0.39 during trading hours on Tuesday, reaching $33.65. 1,622,390 shares of the company’s stock traded hands, compared to its average volume of 1,412,823. Quanta Services has a 52-week low of $27.90 and a 52-week high of $41.00. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 13.30 and a beta of 1.17. The business’s 50-day simple moving average is $36.94. The company has a current ratio of 1.97, a quick ratio of 1.93 and a debt-to-equity ratio of 0.45.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were paid a dividend of $0.04 per share. The ex-dividend date was Friday, June 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.48%. Quanta Services’s dividend payout ratio is currently 6.32%.

A number of large investors have recently added to or reduced their stakes in PWR. Swiss National Bank grew its position in Quanta Services by 1.1% during the first quarter. Swiss National Bank now owns 267,035 shares of the construction company’s stock valued at $10,078,000 after buying an additional 3,000 shares during the period. Intact Investment Management Inc. bought a new stake in Quanta Services during the first quarter valued at approximately $279,000. Cadence Bank NA bought a new stake in Quanta Services during the first quarter valued at approximately $265,000. AlphaCrest Capital Management LLC grew its position in Quanta Services by 25.4% during the first quarter. AlphaCrest Capital Management LLC now owns 15,802 shares of the construction company’s stock valued at $596,000 after buying an additional 3,202 shares during the period. Finally, Jennison Associates LLC grew its position in Quanta Services by 8.2% during the first quarter. Jennison Associates LLC now owns 2,209,785 shares of the construction company’s stock valued at $83,397,000 after buying an additional 166,566 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

About Quanta Services

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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