Quanta Services, Inc. (NYSE:PWR – Get Rating) – Investment analysts at DA Davidson issued their Q1 2022 earnings per share (EPS) estimates for Quanta Services in a report released on Tuesday, May 3rd. DA Davidson analyst B. Thielman anticipates that the construction company will post earnings per share of $1.12 for the quarter. DA Davidson also issued estimates for Quanta Services’ FY2022 earnings at $5.65 EPS.
Quanta Services (NYSE:PWR – Get Rating) last released its earnings results on Thursday, February 24th. The construction company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.12. Quanta Services had a net margin of 3.74% and a return on equity of 13.85%. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter last year, the business earned $1.04 EPS. The business’s revenue was up 34.7% on a year-over-year basis.
Shares of PWR opened at $121.28 on Thursday. The company has a 50-day simple moving average of $124.91 and a 200-day simple moving average of $115.75. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $17.31 billion, a PE ratio of 36.20 and a beta of 1.19. Quanta Services has a 52-week low of $84.40 and a 52-week high of $140.04.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc acquired a new stake in shares of Quanta Services in the first quarter worth approximately $59,000. Precision Wealth Strategies LLC acquired a new stake in shares of Quanta Services in the first quarter worth approximately $205,000. Arizona State Retirement System boosted its position in shares of Quanta Services by 2.9% in the first quarter. Arizona State Retirement System now owns 38,520 shares of the construction company’s stock worth $5,070,000 after acquiring an additional 1,068 shares during the last quarter. Stack Financial Management Inc boosted its position in shares of Quanta Services by 0.4% in the first quarter. Stack Financial Management Inc now owns 270,284 shares of the construction company’s stock worth $35,572,000 after acquiring an additional 1,120 shares during the last quarter. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of Quanta Services in the first quarter worth approximately $71,000. 87.16% of the stock is currently owned by institutional investors and hedge funds.
In other Quanta Services news, Director Bernard Fried sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $112.61, for a total transaction of $337,830.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Donald Wayne sold 1,817 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $136.68, for a total transaction of $248,347.56. The disclosure for this sale can be found here. Insiders have sold a total of 21,034 shares of company stock valued at $2,378,756 over the last 90 days. 1.30% of the stock is currently owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 11th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, April 8th. This represents a $0.28 annualized dividend and a yield of 0.23%. Quanta Services’s dividend payout ratio (DPR) is currently 8.36%.
Quanta Services Company Profile (Get Rating)
Quanta Services, Inc provides specialty contracting services worldwide. The 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; energized 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.
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