News articles about Quanta Services (NYSE:PWR) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Quanta Services earned a news impact score of 0.17 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.1769496382419 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
A number of research firms have recently issued reports on PWR. Zacks Investment Research lowered shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. KeyCorp reissued an “overweight” rating and issued a $49.00 price target (up from $46.00) on shares of Quanta Services in a research report on Friday, February 23rd. Citigroup increased their price target on shares of Quanta Services from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Stephens reissued a “buy” rating and issued a $49.00 price target on shares of Quanta Services in a research report on Wednesday, January 31st. Finally, Alembic Global Advisors set a $45.00 price objective on shares of Quanta Services and gave the company a “buy” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. Quanta Services has an average rating of “Buy” and a consensus price target of $45.15.
Shares of PWR opened at $34.68 on Wednesday. The company has a market cap of $5,250.38, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 1.77 and a beta of 0.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.87 and a current ratio of 1.92. Quanta Services has a twelve month low of $30.23 and a twelve month high of $40.10.
Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.34 billion. Quanta Services had a net margin of 3.33% and a return on equity of 7.75%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share. analysts predict that Quanta Services will post 2.41 earnings per share for the current year.
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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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