News stories about Quanta Services (NYSE:PWR) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Quanta Services earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 46.2770714130091 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Quanta Services (NYSE PWR) traded up 1.67% during mid-day trading on Tuesday, hitting $34.17. The company’s stock had a trading volume of 1,499,138 shares. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 23.61 and a beta of 0.84. The stock’s 50 day moving average price is $32.58 and its 200 day moving average price is $34.73. Quanta Services has a 52-week low of $23.22 and a 52-week high of $38.82.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, May 4th. The construction company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.01 billion. Quanta Services had a return on equity of 7.08% and a net margin of 2.79%. Quanta Services’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. Equities analysts forecast that Quanta Services will post $1.99 EPS for the current year.

Quanta Services declared that its board has authorized a stock buyback plan on Thursday, May 25th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

PWR has been the topic of several research analyst reports. Robert W. Baird cut their price objective on Quanta Services from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, April 6th. FBR & Co lowered their target price on Quanta Services from $41.00 to $40.00 and set a “mkt perform” rating on the stock in a research note on Friday, April 7th. TheStreet lowered Quanta Services from a “b” rating to a “c+” rating in a research note on Friday, May 26th. ValuEngine upgraded Quanta Services from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded Quanta Services from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.88.

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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.

Insider Buying and Selling by Quarter for Quanta Services (NYSE:PWR)

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