Quanta Services, Inc. to Issue Quarterly Dividend of $0.11 (NYSE:PWR)

Quanta Services, Inc. (NYSE:PWR) declared a quarterly dividend on Friday, May 22nd. Investors of record on Wednesday, July 1st will be given a dividend of 0.11 per share by the construction company on Monday, July 13th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, July 1st.

Quanta Services has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Quanta Services has a dividend payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Quanta Services to earn $15.14 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 2.9%.

Quanta Services Stock Up 0.8%

Quanta Services stock opened at $722.60 on Friday. The company’s 50 day simple moving average is $632.01 and its 200 day simple moving average is $528.65. Quanta Services has a fifty-two week low of $326.89 and a fifty-two week high of $788.75. The firm has a market capitalization of $108.43 billion, a price-to-earnings ratio of 99.12, a PEG ratio of 2.46 and a beta of 1.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter last year, the firm earned $1.78 EPS. Quanta Services’s quarterly revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, sell-side analysts anticipate that Quanta Services will post 12.84 EPS for the current year.

Quanta Services declared that its board has authorized a stock repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.