Quanta Services (PWR) Scheduled to Post Quarterly Earnings on Thursday

Quanta Services (NYSE:PWR) will be issuing its quarterly earnings data before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Quanta Services has set its FY18 guidance at $2.55-2.95 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Quanta Services had a return on equity of 7.72% and a net margin of 3.10%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. On average, analysts expect Quanta Services to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of PWR traded up $0.36 on Tuesday, reaching $31.17. The stock had a trading volume of 599,768 shares, compared to its average volume of 1,294,626. The stock has a market cap of $4.61 billion, a PE ratio of 17.51, a PEG ratio of 1.53 and a beta of 0.89. The company has a quick ratio of 1.77, a current ratio of 1.82 and a debt-to-equity ratio of 0.23. Quanta Services has a 12-month low of $30.25 and a 12-month high of $40.10.

Quanta Services declared that its board has approved a share buyback plan on Tuesday, September 4th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

A number of research analysts have recently commented on the company. B. Riley raised their target price on Quanta Services from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, August 6th. Zacks Investment Research lowered Quanta Services from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. ValuEngine lowered Quanta Services from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Finally, Cfra reissued a “buy” rating and issued a $40.00 target price on shares of Quanta Services in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. Quanta Services has an average rating of “Buy” and an average price target of $45.40.

About Quanta Services

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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Earnings History for Quanta Services (NYSE:PWR)

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