Quanta Services, Inc. (PWR) To Go Ex-Dividend on July 1st

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

Quanta Services has increased its dividend payment by an average of 0.1%annually over the last three years and has increased 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. 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 Performance

Quanta Services stock opened at $722.60 on Friday. The firm’s 50 day simple moving average is $632.01 and its 200-day simple moving average is $528.65. The company has a market cap of $108.43 billion, a P/E ratio of 99.12, a price-to-earnings-growth ratio of 2.48 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 has a fifty-two week low of $326.89 and a fifty-two week high of $788.75.

Quanta Services (NYSE:PWR) last released its earnings results 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. The business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities research analysts predict 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 repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is 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.