Brokerages expect Quanta Services Inc (NYSE:PWR) to report earnings per share (EPS) of $1.03 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Quanta Services’ earnings, with estimates ranging from $0.96 to $1.10. Quanta Services posted earnings per share of $0.63 during the same quarter last year, which suggests a positive year over year growth rate of 63.5%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Quanta Services will report full year earnings of $2.76 per share for the current year, with EPS estimates ranging from $2.64 to $2.84. For the next year, analysts forecast that the company will report earnings of $3.24 per share, with EPS estimates ranging from $3.16 to $3.37. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Quanta Services.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Quanta Services had a return on equity of 7.72% and a net margin of 3.10%. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The firm’s revenue was up 20.7% on a year-over-year basis.

PWR has been the topic of several analyst reports. Zacks Investment Research upgraded Quanta Services from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Monday, April 30th. ValuEngine downgraded Quanta Services from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Finally, B. Riley raised their price objective on Quanta Services from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $46.30.

NYSE PWR opened at $34.12 on Tuesday. Quanta Services has a 52 week low of $32.19 and a 52 week high of $40.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.77 and a current ratio of 1.82. The firm has a market cap of $5.08 billion, a PE ratio of 19.17, a P/E/G ratio of 1.70 and a beta of 0.89.

In related news, insider Jerry K. Lemon sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $36.91, for a total transaction of $73,820.00. Following the completion of the sale, the insider now directly owns 11,812 shares of the company’s stock, valued at approximately $435,980.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alpine Woods Capital Investors LLC grew its position in Quanta Services by 15.0% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 11,500 shares of the construction company’s stock valued at $684,000 after acquiring an additional 1,500 shares in the last quarter. Peddock Capital Advisors LLC boosted its stake in shares of Quanta Services by 7.8% in the 2nd quarter. Peddock Capital Advisors LLC now owns 21,388 shares of the construction company’s stock valued at $714,000 after buying an additional 1,542 shares during the period. Maple Capital Management Inc. boosted its stake in shares of Quanta Services by 25.6% in the 1st quarter. Maple Capital Management Inc. now owns 7,612 shares of the construction company’s stock valued at $261,000 after buying an additional 1,550 shares during the period. Norinchukin Bank The boosted its stake in shares of Quanta Services by 13.9% in the 1st quarter. Norinchukin Bank The now owns 14,089 shares of the construction company’s stock valued at $484,000 after buying an additional 1,719 shares during the period. Finally, Ramsey Quantitative Systems boosted its stake in shares of Quanta Services by 20.2% in the 2nd quarter. Ramsey Quantitative Systems now owns 10,375 shares of the construction company’s stock valued at $347,000 after buying an additional 1,741 shares during the period. 86.89% of the stock is owned by institutional investors.

Quanta Services Company Profile

Quanta Services, Inc provides specialty contracting services to the electric power, communication, and oil and gas industries in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment provides network solutions, including the design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities, as well as other engineering and technical services.

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