Quanta Services, Inc. (NYSE:PWR) Announces $0.10 Quarterly Dividend

Quanta Services, Inc. (NYSE:PWR) declared a quarterly dividend on Thursday, August 28th, RTT News reports. Stockholders of record on Wednesday, October 1st will be given a dividend of 0.10 per share by the construction company on Friday, October 10th. This represents a c) annualized dividend and a dividend yield of 0.1%.

Quanta Services has a payout ratio of 3.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Quanta Services to earn $10.38 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 3.9%.

Quanta Services Stock Down 0.4%

NYSE PWR opened at $382.29 on Thursday. Quanta Services has a fifty-two week low of $227.08 and a fifty-two week high of $424.94. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The stock has a market cap of $56.97 billion, a PE ratio of 59.18, a P/E/G ratio of 2.28 and a beta of 1.10. The business has a 50 day moving average price of $386.50 and a two-hundred day moving average price of $326.61.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period in the prior year, the company posted $1.90 earnings per share. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, sell-side analysts predict that Quanta Services will post 9.34 EPS for the current fiscal year.

Analyst Ratings Changes

PWR has been the subject of a number of research analyst reports. Sanford C. Bernstein lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price target for the company. in a research note on Monday, July 28th. DA Davidson upped their target price on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. UBS Group increased their target price on Quanta Services from $413.00 to $474.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Piper Sandler reissued an “overweight” rating and set a $370.00 target price (up from $360.00) on shares of Quanta Services in a research report on Tuesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $392.45.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.