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Quanta Services Inc (NYSE:PWR) – B. Riley cut their FY2018 earnings per share estimates for shares of Quanta Services in a report issued on Monday. B. Riley analyst A. Rygiel now anticipates that the construction company will post earnings per share of $2.27 for the year, down from their previous forecast of $2.81. B. Riley has a “Buy” rating and a $48.00 price objective on the stock. B. Riley also issued estimates for Quanta Services’ Q4 2018 earnings at $0.55 EPS.
Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Quanta Services had a return on equity of 7.75% and a net margin of 3.33%. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business posted $0.56 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Quanta Services from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Friday, February 9th. Citigroup increased their price target on Quanta Services from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Stephens reissued a “buy” rating and set a $49.00 price target on shares of Quanta Services in a research note on Wednesday, January 31st. Credit Suisse Group reissued an “outperform” rating and set a $42.00 price target (down from $46.00) on shares of Quanta Services in a research note on Friday, February 23rd. Finally, KeyCorp reissued a “buy” rating and set a $46.00 price target on shares of Quanta Services in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. Quanta Services has a consensus rating of “Buy” and a consensus target price of $45.15.
Quanta Services (PWR) traded up $0.32 during trading hours on Thursday, hitting $34.18. The company had a trading volume of 858,428 shares, compared to its average volume of 1,549,134. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.87. Quanta Services has a 12-month low of $30.23 and a 12-month high of $40.10. The stock has a market capitalization of $5,328.58, a PE ratio of 16.78, a P/E/G ratio of 1.80 and a beta of 0.86.
Several large investors have recently bought and sold shares of PWR. Xact Kapitalforvaltning AB bought a new stake in shares of Quanta Services during the 4th quarter worth approximately $488,000. Halsey Associates Inc. CT lifted its stake in shares of Quanta Services by 4.7% during the 4th quarter. Halsey Associates Inc. CT now owns 410,816 shares of the construction company’s stock worth $16,067,000 after acquiring an additional 18,421 shares during the last quarter. Pier Capital LLC lifted its stake in shares of Quanta Services by 21.5% during the 4th quarter. Pier Capital LLC now owns 186,637 shares of the construction company’s stock worth $7,299,000 after acquiring an additional 33,030 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Quanta Services during the 4th quarter worth approximately $14,666,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Quanta Services during the 4th quarter worth approximately $1,872,000. 83.60% of the stock is owned by institutional investors and hedge funds.
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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.