Questar Corp. (STR) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Questar Corp. (NYSE:STR) posted its quarterly earnings results on Wednesday. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.02, American Banking & Market News reports. The company had revenue of $149.60 million for the quarter, compared to the consensus estimate of $198.41 million. During the same quarter last year, the company posted $0.19 earnings per share. Questar Corp.’s revenue was up 5.5% compared to the same quarter last year. Questar Corp. updated its FY13 guidance to $1.16-1.20 EPS.
On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Questar Corp. in a research note to investors on Friday, October 4th. They now have a $24.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $24.88.
Shares of Questar Corp. (NYSE:STR) traded up 0.47% during mid-day trading on Wednesday, hitting $23.75. The stock had a trading volume of 1,386,251 shares. Questar Corp. has a 52 week low of $17.20 and a 52 week high of $26.01. The stock’s 50-day moving average is $23.07 and its 200-day moving average is $23.94. The company has a market cap of $4.158 billion and a price-to-earnings ratio of 19.88.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 9th. Stockholders of record on Friday, November 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, November 13th.
Questar Corporation (NYSE:STR) is a Rockies-based integrated natural gas holding company.
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