Quanta Services (NYSE:PWR) issued its earnings results on Thursday. The construction company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13, MarketWatch Earnings reports. Quanta Services had a net margin of 2.63% and a return on equity of 10.63%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the business earned $0.40 EPS. The firm’s revenue was up 16.1% on a year-over-year basis. Quanta Services updated its FY19 guidance to $3.40-3.86 EPS.
Shares of NYSE PWR traded down $0.56 during trading on Friday, reaching $39.19. The company had a trading volume of 15,967 shares, compared to its average volume of 1,410,803. Quanta Services has a 52 week low of $27.90 and a 52 week high of $41.00. The company has a market cap of $5.67 billion, a PE ratio of 15.67, a P/E/G ratio of 1.57 and a beta of 1.07. The company has a current ratio of 1.84, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29.
The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, April 4th. Quanta Services’s dividend payout ratio is presently 6.32%.
Several institutional investors and hedge funds have recently bought and sold shares of PWR. Fort L.P. bought a new stake in shares of Quanta Services during the fourth quarter worth approximately $39,000. Private Capital Group LLC grew its holdings in Quanta Services by 79.6% during the fourth quarter. Private Capital Group LLC now owns 1,690 shares of the construction company’s stock valued at $51,000 after purchasing an additional 749 shares during the period. Valeo Financial Advisors LLC grew its holdings in Quanta Services by 2,541.8% during the first quarter. Valeo Financial Advisors LLC now owns 1,453 shares of the construction company’s stock valued at $55,000 after purchasing an additional 1,398 shares during the period. CSat Investment Advisory L.P. grew its holdings in Quanta Services by 53.7% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,858 shares of the construction company’s stock valued at $56,000 after purchasing an additional 649 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in Quanta Services during the first quarter valued at approximately $69,000. 87.27% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on PWR shares. B. Riley reiterated a “buy” rating and set a $47.00 target price (down from $56.00) on shares of Quanta Services in a research report on Monday, March 11th. Zacks Investment Research lowered shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Citigroup set a $46.00 target price on shares of Quanta Services and gave the company a “buy” rating in a research report on Friday, February 22nd. ValuEngine raised shares of Quanta Services from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, DA Davidson downgraded shares of Quanta Services from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $42.60.
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Quanta Services Company Profile
Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.
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