Northeast Utilities (NU) Releases FY13 Earnings Guidance
Northeast Utilities (NYSE:NU) updated its FY13 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.45-$2.60 for the period, compared to the Thomson Reuters consensus estimate of $2.56, American Banking and Market News reports.
A number of analysts have recently weighed in on NU shares. Analysts at Credit Suisse initiated coverage on shares of Northeast Utilities in a research note to investors on Tuesday. They set an outperform rating and a $47.00 price target on the stock. On a related note, analysts at Morgan Stanley initiated coverage on shares of Northeast Utilities in a research note to investors on Monday, October 7th. They set an equal weight rating and a $43.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Northeast Utilities in a research note to investors on Monday, September 30th. They now have a $44.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $46.29.
Northeast Utilities (NYSE:NU) traded down 0.53% during mid-day trading on Thursday, hitting $42.89. 1,278,161 shares of the company’s stock traded hands. Northeast Utilities has a 52 week low of $36.68 and a 52 week high of $45.66. The stock has a 50-day moving average of $41.67 and a 200-day moving average of $42.58. The company has a market cap of $13.500 billion and a price-to-earnings ratio of 17.48.
Northeast Utilities (NYSE:NU) last announced its earnings results on Friday, November 1st. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.04. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Northeast Utilities will post $2.56 EPS for the current fiscal year.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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