Analysts expect Quanta Services Inc (NYSE:PWR) to post $0.86 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Quanta Services’ earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.92. Quanta Services posted earnings of $0.40 per share during the same quarter last year, which suggests a positive year over year growth rate of 115%. The business is scheduled to report its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Quanta Services will report full year earnings of $3.52 per share for the current year, with EPS estimates ranging from $3.45 to $3.62. For the next financial year, analysts anticipate that the business will report earnings of $3.67 per share, with EPS estimates ranging from $3.45 to $3.81. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Quanta Services.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 21st. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.94 billion. Quanta Services had a net margin of 2.63% and a return on equity of 10.63%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share.

A number of research firms have weighed in on PWR. DA Davidson downgraded shares of Quanta Services from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. Zacks Investment Research raised shares of Quanta Services from a “sell” rating to a “hold” rating and set a $41.00 price target on the stock in a research note on Monday, February 25th. B. Riley reaffirmed a “buy” rating and set a $47.00 price target (down previously from $56.00) on shares of Quanta Services in a research note on Monday, March 11th. ValuEngine downgraded shares of Quanta Services from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Finally, Citigroup set a $46.00 price target on shares of Quanta Services and gave the stock a “buy” rating in a research note on Friday, February 22nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $42.60.

NYSE:PWR traded down $0.08 during trading hours on Friday, reaching $40.01. 1,241,777 shares of the company were exchanged, compared to its average volume of 1,292,785. The company has a quick ratio of 1.78, a current ratio of 1.84 and a debt-to-equity ratio of 0.29. The company has a market cap of $5.68 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.54 and a beta of 1.05. Quanta Services has a 52-week low of $27.90 and a 52-week high of $40.47.

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, April 4th. Quanta Services’s dividend payout ratio is currently 6.32%.

In other news, insider James Redgie Probst sold 100,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $40.00, for a total value of $4,000,000.00. Following the transaction, the insider now owns 47,420 shares of the company’s stock, valued at approximately $1,896,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Donald Wayne sold 1,295 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $36.09, for a total transaction of $46,736.55. Following the completion of the transaction, the executive vice president now directly owns 30,054 shares in the company, valued at approximately $1,084,648.86. The disclosure for this sale can be found here. In the last three months, insiders sold 105,295 shares of company stock worth $4,193,257. Insiders own 1.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Quanta Services by 126.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 180,641 shares of the construction company’s stock valued at $6,030,000 after purchasing an additional 100,743 shares in the last quarter. Martingale Asset Management L P grew its holdings in Quanta Services by 760.8% during the 3rd quarter. Martingale Asset Management L P now owns 124,924 shares of the construction company’s stock valued at $4,170,000 after purchasing an additional 110,411 shares in the last quarter. AMP Capital Investors Ltd grew its holdings in Quanta Services by 71.9% during the 3rd quarter. AMP Capital Investors Ltd now owns 18,736 shares of the construction company’s stock valued at $616,000 after purchasing an additional 7,838 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in Quanta Services by 25.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 36,570 shares of the construction company’s stock valued at $1,221,000 after purchasing an additional 7,323 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Quanta Services during the 3rd quarter valued at $1,389,000. 87.82% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Company Profile

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.

Recommended Story: Why is the LIBOR significant?

Get a free copy of the Zacks research report on Quanta Services (PWR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.