Quanta Services (NYSE:PWR) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.99-3.33 for the period, compared to the Thomson Reuters consensus estimate of $3.61. The company issued revenue guidance of $11.5-11.9 billion, compared to the consensus revenue estimate of $11.42 billion.Quanta Services also updated its FY19 guidance to $2.99 EPS.
A number of brokerages recently weighed in on PWR. ValuEngine downgraded shares of Quanta Services from a hold rating to a sell rating in a research report on Thursday. Citigroup increased their price objective on shares of Quanta Services from $47.00 to $48.00 and gave the company a buy rating in a research report on Friday. Finally, DA Davidson downgraded shares of Quanta Services from a buy rating to a neutral rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Quanta Services currently has an average rating of Hold and an average price target of $43.00.
Shares of PWR stock opened at $33.51 on Friday. Quanta Services has a 12 month low of $27.90 and a 12 month high of $41.00. The stock has a market capitalization of $5.32 billion, a PE ratio of 13.25 and a beta of 1.17. The company has a current ratio of 2.00, a quick ratio of 1.95 and a debt-to-equity ratio of 0.41. The firm’s 50 day simple moving average is $38.00.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.48%. Quanta Services’s dividend payout ratio is currently 6.32%.
About Quanta Services
Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.
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