Equities analysts forecast that Vectren Corp (NYSE:VVC) will post earnings per share (EPS) of $0.50 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Vectren’s earnings. Vectren reported earnings per share of $0.45 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.1%. The company is expected to issue its next earnings results on Thursday, August 2nd.
On average, analysts expect that Vectren will report full-year earnings of $2.87 per share for the current financial year, with EPS estimates ranging from $2.85 to $2.90. For the next year, analysts anticipate that the firm will post earnings of $3.06 per share, with EPS estimates ranging from $3.05 to $3.08. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Vectren.
Vectren (NYSE:VVC) last posted its earnings results on Tuesday, May 1st. The utilities provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. The business had revenue of $658.40 million for the quarter, compared to analyst estimates of $688.00 million. Vectren had a net margin of 8.33% and a return on equity of 11.94%. Vectren’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS.
VVC has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Vectren from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Saturday, April 7th. Citigroup lowered shares of Vectren from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a report on Wednesday, April 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Vectren has an average rating of “Hold” and a consensus target price of $66.00.
A number of hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its stake in Vectren by 9.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,282,889 shares of the utilities provider’s stock worth $82,002,000 after buying an additional 112,613 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Vectren in the 1st quarter worth approximately $1,655,000. OLD Republic International Corp grew its stake in Vectren by 100.0% in the 1st quarter. OLD Republic International Corp now owns 358,088 shares of the utilities provider’s stock worth $21,938,000 after buying an additional 179,044 shares in the last quarter. Legal & General Group Plc grew its stake in Vectren by 6.8% in the 1st quarter. Legal & General Group Plc now owns 192,210 shares of the utilities provider’s stock worth $12,286,000 after buying an additional 12,168 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in Vectren in the 1st quarter worth approximately $5,593,000. 66.33% of the stock is owned by institutional investors and hedge funds.
Vectren traded down $0.08, reaching $71.39, during midday trading on Thursday, MarketBeat Ratings reports. 432,481 shares of the stock were exchanged, compared to its average volume of 801,878. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $5.92 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 3.55 and a beta of 0.60. Vectren has a 52 week low of $57.48 and a 52 week high of $71.55.
The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.52%. Vectren’s dividend payout ratio is presently 69.23%.
Vectren Company Profile
Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts.
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