Wall Street analysts expect Quanta Services Inc (NYSE:PWR) to announce earnings of $0.44 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Quanta Services’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.46. Quanta Services posted earnings per share of $0.56 during the same quarter last year, which indicates a negative year over year growth rate of 21.4%. The business is expected to issue its next earnings report before the market opens on Thursday, February 22nd.

On average, analysts expect that Quanta Services will report full-year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.94 to $1.99. For the next fiscal year, analysts expect that the business will report earnings of $2.51 per share, with EPS estimates ranging from $2.04 to $2.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Quanta Services.

Several research analysts have recently issued reports on PWR shares. Robert W. Baird set a $42.00 target price on Quanta Services and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Citigroup set a $47.00 target price on Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 27th. B. Riley increased their target price on Quanta Services from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised Quanta Services from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Finally, KeyCorp reissued a “buy” rating and issued a $45.00 target price on shares of Quanta Services in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. Quanta Services presently has an average rating of “Buy” and an average price target of $45.33.

Hedge funds have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware bought a new position in Quanta Services during the 3rd quarter valued at approximately $111,000. Avestar Capital LLC bought a new position in Quanta Services during the 4th quarter valued at approximately $108,000. Cerebellum GP LLC bought a new position in Quanta Services during the 4th quarter valued at approximately $130,000. SSI Investment Management Inc. bought a new position in Quanta Services during the 4th quarter valued at approximately $209,000. Finally, Intact Investment Management Inc. bought a new position in Quanta Services during the 3rd quarter valued at approximately $209,000. 85.66% of the stock is owned by institutional investors.

Quanta Services (PWR) opened at $34.43 on Monday. Quanta Services has a 52-week low of $30.23 and a 52-week high of $40.10. The stock has a market capitalization of $5,217.19, a P/E ratio of 17.65, a PEG ratio of 1.73 and a beta of 0.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.80.

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About Quanta Services

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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