Vectren (NYSE:VVC) released its earnings results on Monday. The utilities provider reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.13), Fidelity Earnings reports. The company had revenue of $665.00 million for the quarter, compared to analysts’ expectations of $707.00 million. Vectren had a net margin of 7.72% and a return on equity of 12.33%. Vectren’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Vectren updated its FY 2018 guidance to $2.80-2.90 EPS and its FY18 guidance to $2.80-2.90 EPS.
NYSE VVC opened at $71.63 on Wednesday. The firm has a market cap of $5.94 billion, a P/E ratio of 27.55, a P/E/G ratio of 3.58 and a beta of 0.38. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. Vectren has a fifty-two week low of $58.00 and a fifty-two week high of $71.74.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This is an increase from Vectren’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.68%. Vectren’s payout ratio is 69.23%.
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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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