Xcel Energy (NYSE:XEL) is set to announce its earnings results before the market opens on Thursday, April 26th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Xcel Energy has set its FY18 guidance at $2.37-2.47 EPS.
Xcel Energy (NYSE:XEL) last issued its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect Xcel Energy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Xcel Energy stock opened at $45.32 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. Xcel Energy has a 52-week low of $41.51 and a 52-week high of $52.22.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 15th will be issued a $0.38 dividend. This is a boost from Xcel Energy’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 3.35%.
Several research analysts have recently issued reports on XEL shares. SunTrust Banks restated a “hold” rating and issued a $44.00 target price on shares of Xcel Energy in a report on Tuesday, December 26th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Royal Bank of Canada restated a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a report on Thursday, February 1st. Finally, UBS started coverage on shares of Xcel Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $47.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Xcel Energy presently has a consensus rating of “Buy” and an average price target of $47.77.
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About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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