Quanta Services (PWR) Expected to Announce Quarterly Earnings on Thursday

Quanta Services (NYSE:PWR) is projected to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $2.62 per share and revenue of $6.61 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Quanta Services Stock Up 0.4 %

NYSE:PWR opened at $286.71 on Wednesday. The firm’s 50-day moving average price is $319.99 and its 200-day moving average price is $304.91. The company has a market capitalization of $42.32 billion, a PE ratio of 52.90, a P/E/G ratio of 1.56 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. Quanta Services has a 1-year low of $206.58 and a 1-year high of $365.88.

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were given a $0.10 dividend. 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 0.14%. Quanta Services’s dividend payout ratio is currently 7.38%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PWR shares. Daiwa Capital Markets started coverage on shares of Quanta Services in a research report on Friday, December 6th. They issued an “outperform” rating and a $355.00 target price on the stock. Northland Securities reissued an “outperform” rating and set a $328.00 price objective (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Bank of America started coverage on shares of Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 price objective on the stock. UBS Group increased their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average price target 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.