Media headlines about Quanta Services (NYSE:PWR) have been trending positive on Saturday, according to AlphaOne. AlphaOne, a unit of Accern, ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Quanta Services earned a daily sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave media stories about the construction company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Several research firms recently issued reports on PWR. FBR & Co upped their price objective on Quanta Services from $29.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, January 26th. Credit Suisse Group AG increased their price target on Quanta Services from $32.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. DA Davidson reissued a “buy” rating on shares of Quanta Services in a report on Thursday, February 16th. Robert W. Baird lowered their price target on Quanta Services from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, April 6th. Finally, Stifel Nicolaus increased their price target on Quanta Services from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $38.71.
Shares of Quanta Services (NYSE:PWR) opened at 31.44 on Friday. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 21.73 and a beta of 0.69. The firm has a 50-day moving average price of $34.69 and a 200-day moving average price of $34.98. Quanta Services has a 52 week low of $21.60 and a 52 week high of $38.82.
Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, May 4th. The construction company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Quanta Services had a net margin of 1.42% and a return on equity of 5.53%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 27.1% compared to the same quarter last year. On average, equities analysts anticipate that Quanta Services will post $1.96 earnings per share for the current year.
In other news, VP Nicholas M. Grindstaff sold 27,000 shares of Quanta Services stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $38.20, for a total transaction of $1,031,400.00. Following the completion of the sale, the vice president now directly owns 23,659 shares in the company, valued at $903,773.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick Wood III sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $38.08, for a total transaction of $190,400.00. Following the completion of the sale, the director now owns 11,506 shares of the company’s stock, valued at $438,148.48. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.
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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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