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

Quanta Services, Inc. (NYSE:PWR) announced a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Thursday, October 1st will be given a dividend of 0.11 per share by the construction company on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 1st.

Quanta Services has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Quanta Services has a payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Quanta Services to earn $17.66 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 2.5%.

Quanta Services Stock Performance

PWR opened at $610.59 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $655.09 and its 200-day moving average is $642.05. The stock has a market cap of $91.80 billion, a PE ratio of 69.94, a price-to-earnings-growth ratio of 2.00 and a beta of 1.20. Quanta Services has a twelve month low of $363.01 and a twelve month high of $788.75.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, analysts predict that Quanta Services will post 15.35 earnings per share for the current year.

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.