Scana Corporation (SCG) Issues Quarterly Earnings Results

Scana Corporation (NYSE:SCG) posted its earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Scana Corporation had a net margin of 10.45% and a return on equity of 10.05%. Scana Corporation’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.32 earnings per share. Scana Corporation updated its FY17 guidance to $4.15 to $4.35 EPS.

Shares of Scana Corporation (SCG) traded down $0.66 during midday trading on Friday, reaching $43.94. 2,392,700 shares of the company traded hands, compared to its average volume of 1,323,365. The stock has a market cap of $6,360.69, a price-to-earnings ratio of 10.96, a PEG ratio of 3.04 and a beta of 0.21. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.41 and a current ratio of 0.88. Scana Corporation has a 12 month low of $41.15 and a 12 month high of $74.99.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be issued a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 5.58%. The ex-dividend date is Monday, December 11th. Scana Corporation’s payout ratio is presently 77.78%.

SCG has been the subject of several recent research reports. TheStreet lowered shares of Scana Corporation from a “b-” rating to a “c+” rating in a report on Monday, October 23rd. Gabelli lowered shares of Scana Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Williams Capital cut their target price on shares of Scana Corporation from $70.00 to $50.00 and set a “hold” rating for the company in a report on Wednesday, September 27th. Zacks Investment Research raised shares of Scana Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Scana Corporation from a “sell” rating to a “neutral” rating and cut their target price for the company from $66.00 to $64.00 in a report on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Scana Corporation has a consensus rating of “Hold” and an average price target of $61.44.

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About Scana Corporation

SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina.

Earnings History for Scana Corporation (NYSE:SCG)

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