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

Key Points

• Quanta Services declared a quarterly dividend of $0.11 per share, payable October 9 to shareholders of record on October 1. The dividend implies an annualized payout of $0.44 and a yield of about 0.1%.
• The dividend appears well covered, with a current payout ratio of 3.7%; Quanta has raised its dividend annually for six consecutive years.
• Quanta reported strong quarterly results, with EPS of $4.24 versus the $3.31 consensus estimate and revenue up 41.1% year over year to $9.56 billion. The board also authorized a $1 billion share-repurchase program covering up to 0.9% of outstanding shares.

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

Quanta Services has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 6 years. Quanta Services has a payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE PWR opened at $610.59 on Thursday. Quanta Services has a twelve month low of $363.01 and a twelve month high of $788.75. 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 firm has a 50-day moving average of $655.09 and a two-hundred day moving average of $642.05. The company has a market capitalization of $91.80 billion, a price-to-earnings ratio of 69.94, a PEG ratio of 2.00 and a beta of 1.20.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The company had revenue of $9.56 billion for the quarter, compared to analysts' expectations of $8.61 billion. During the same quarter in the previous year, the company posted $2.48 EPS. The business's revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, analysts expect that Quanta Services will post 15.35 earnings per share for the current fiscal year.

Quanta Services announced that its Board of Directors has approved a share repurchase plan on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board 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.

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