Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Quanta Services (PWR) Share Price
News stories about Quanta Services (NYSE:PWR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Quanta Services earned a news impact score of 0.23 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 45.8723604182214 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Centre Asset Management Has Increased Quanta Services (PWR) Position; Shorts at Cerus (CERS) Lowered By 7.64% – Teletechwire (press release) (teletechwire.com)
- Stock Traders Purchase Large Volume of Put Options on Quanta Services (PWR) (americanbankingnews.com)
- Southport Management Boosted Its Quanta Svcs (PWR) Position; As Columbus Mckinnon NY Com (CMCO) Market … – Hill Country Times (hillcountrytimes.com)
- Brokerages Anticipate Quanta Services Inc (PWR) to Post $0.44 EPS (americanbankingnews.com)
A number of equities research analysts have recently commented on PWR shares. Zacks Investment Research raised shares of Quanta Services from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Monday, October 16th. Robert W. Baird reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Quanta Services in a research note on Friday, October 6th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Quanta Services in a research note on Thursday, December 14th. Citigroup set a $47.00 price objective on shares of Quanta Services and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $45.00 price objective (up from $41.00) on shares of Quanta Services in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $44.64.
Quanta Services (NYSE:PWR) traded down $0.22 during trading on Friday, hitting $39.11. 534,945 shares of the company were exchanged, compared to its average volume of 1,372,546. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. Quanta Services has a 52 week low of $30.23 and a 52 week high of $39.71. The firm has a market cap of $6,085.17, a P/E ratio of 21.14, a PEG ratio of 2.77 and a beta of 0.86.
Quanta Services (NYSE:PWR) last released its earnings results on Thursday, November 2nd. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. Quanta Services had a net margin of 3.18% and a return on equity of 8.47%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company earned $0.55 EPS. Quanta Services’s quarterly revenue was up 27.8% compared to the same quarter last year. analysts anticipate that Quanta Services will post 1.77 earnings per share for the current fiscal year.
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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