Quanta Services (PWR) Expected to Announce Earnings on Thursday

Quanta Services (NYSE:PWR) will likely be releasing its earnings data before the market opens on Thursday, February 20th. Analysts expect Quanta Services to post earnings of $2.62 per share and revenue of $6.61 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $298.44 on Thursday. The company has a market cap of $44.05 billion, a PE ratio of 55.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. Quanta Services has a 12 month low of $205.82 and a 12 month high of $365.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. The company has a 50-day simple moving average of $322.55 and a 200-day simple moving average of $303.94.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, January 2nd. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. Quanta Services’s payout ratio is 7.38%.

Wall Street Analyst Weigh In

PWR has been the subject of a number of recent analyst reports. UBS Group boosted their target price on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Daiwa Capital Markets initiated coverage on shares of Quanta Services in a report on Friday, December 6th. They issued an “outperform” rating and a $355.00 target price for the company. Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Guggenheim initiated coverage on shares of Quanta Services in a report on Wednesday, January 8th. They issued a “neutral” rating for the company. Finally, Bank of America initiated coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price for the company. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $330.50.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.