Wall Street brokerages expect that Quanta Services Inc (NYSE:PWR) will report sales of $2.34 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Quanta Services’ earnings, with the lowest sales estimate coming in at $2.30 billion and the highest estimate coming in at $2.44 billion. Quanta Services reported sales of $2.10 billion in the same quarter last year, which indicates a positive year over year growth rate of 11.4%. The firm is expected to announce its next quarterly earnings results before the market opens on Thursday, February 22nd.
On average, analysts expect that Quanta Services will report full year sales of $2.34 billion for the current year, with estimates ranging from $9.29 billion to $9.43 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $10.04 billion per share, with estimates ranging from $9.87 billion to $10.34 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Quanta Services.
Several equities research analysts have issued reports on PWR shares. Stifel Nicolaus restated a “buy” rating on shares of Quanta Services in a report on Thursday, December 14th. KeyCorp restated a “buy” rating and set a $46.00 price objective on shares of Quanta Services in a report on Wednesday, November 29th. B. Riley lifted their price objective on Quanta Services from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded Quanta Services from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Friday, February 9th. Finally, Citigroup boosted their price target on Quanta Services from $47.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.33.
Quanta Services (PWR) traded up $0.24 during mid-day trading on Wednesday, reaching $35.07. The company’s stock had a trading volume of 1,123,500 shares, compared to its average volume of 1,461,070. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. Quanta Services has a 52 week low of $30.23 and a 52 week high of $40.10. The stock has a market cap of $5,430.00, a P/E ratio of 18.96, a PEG ratio of 1.80 and a beta of 0.79.
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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