Media stories about Quanta Services (NYSE:PWR) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Quanta Services earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 47.6265218864766 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Q4 2017 EPS Estimates for Quanta Services, Inc. Reduced by Analyst (PWR) (americanbankingnews.com)
- Head-To-Head Analysis: Quanta Services (PWR) and The Competition (americanbankingnews.com)
- FY2017 EPS Estimates for Quanta Services, Inc. (PWR) Cut by Analyst (americanbankingnews.com)
- B. Riley Boosts Quanta Services, Inc. (PWR) Price Target to $48.00 (americanbankingnews.com)
- Quanta Services, Inc. (PWR) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
Quanta Services (NYSE PWR) traded up $0.88 during trading on Tuesday, reaching $36.72. The company’s stock had a trading volume of 1,867,900 shares, compared to its average volume of 1,571,152. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5,610.00, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 2.53 and a beta of 0.87. Quanta Services has a one year low of $30.23 and a one year high of $38.82.
Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.30 billion. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. Quanta Services’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. research analysts anticipate that Quanta Services will post 1.77 earnings per share for the current fiscal year.
Several research firms have recently commented on PWR. B. Riley raised their price target on Quanta Services from $45.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. KeyCorp reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Quanta Services in a research note on Friday, November 3rd. Robert W. Baird raised their price objective on Quanta Services from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Citigroup Inc. set a $47.00 price objective on Quanta Services and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research downgraded Quanta Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Quanta Services has a consensus rating of “Buy” and an average price target of $44.55.
In other news, Director Patrick Wood III sold 4,000 shares of Quanta Services stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $34.51, for a total value of $138,040.00. Following the completion of the sale, the director now owns 7,506 shares of the company’s stock, valued at $259,032.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Randall C. Wisenbaker sold 9,000 shares of Quanta Services stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $35.15, for a total value of $316,350.00. Following the completion of the sale, the executive vice president now directly owns 34,797 shares of the company’s stock, valued at approximately $1,223,114.55. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
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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