Quanta Services (PWR) Given Media Impact Rating of 0.25
Press coverage about Quanta Services (NYSE:PWR) has been trending positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 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 nearest to one being the most favorable. Quanta Services earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 45.54421891613 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- IHS Markit Score Update: Drop in demand for ETFs holding Quanta Services Inc is a negative sign for its shares (finance.yahoo.com)
- Quanta Services, Inc. :PWR-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Quanta Services Inc. (finance.yahoo.com)
- Stock Performance Check on Shares of Quanta Services, Inc. (NYSE:PWR) – Jonesboro Recorder (jonesbororecorder.com)
- Quanta Services, Inc. (NYSE:PWR) Traded Significantly Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
Shares of Quanta Services (PWR) opened at 35.61 on Friday. The firm has a market capitalization of $5.53 billion, a PE ratio of 20.24 and a beta of 0.84. The firm’s 50 day moving average is $33.83 and its 200-day moving average is $34.77. Quanta Services has a 12 month low of $24.49 and a 12 month high of $38.82.
Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Quanta Services had a return on equity of 8.36% and a net margin of 3.21%. The company’s revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, analysts expect that Quanta Services will post $2.03 EPS for the current fiscal year.
Quanta Services announced that its board has initiated a share buyback program on Thursday, May 25th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
Several research firms recently issued reports on PWR. Credit Suisse Group restated a “buy” rating and set a $46.00 price objective on shares of Quanta Services in a research report on Wednesday, July 26th. Robert W. Baird cut shares of Quanta Services from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $41.00 to $38.00 in a research report on Wednesday, July 26th. BidaskClub cut shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. FBR & Co upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $45.00 in a research report on Thursday, August 3rd. Finally, ValuEngine upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.11.
About Quanta Services
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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