Spectra Energy Corp. (SE) Set to Announce Earnings on Monday
Spectra Energy Corp. (NYSE:SE) is scheduled to post its Q313 quarterly earnings results on Monday, November 4th. Analysts expect Spectra Energy Corp. to post earnings of $0.33 per share and revenue of $1.23 billion for the quarter.
Spectra Energy Corp. (NYSE:SE) last released its earnings data on Tuesday, August 6th. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.02. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts expect Spectra Energy Corp. to post $1.52 EPS for the current fiscal year and $1.67 EPS for the next fiscal year.
Spectra Energy Corp. (NYSE:SE) opened at 35.57 on Friday. Spectra Energy Corp. has a 52-week low of $26.55 and a 52-week high of $37.11. The stock’s 50-day moving average is $34.62 and its 200-day moving average is $33.5. The company has a market cap of $23.808 billion and a price-to-earnings ratio of 25.36.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 9th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.31 per share. This represents a $1.22 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, November 6th.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Spectra Energy Corp. in a research note to investors on Wednesday, September 4th. They set a “hold” rating and a $34.00 price target on the stock. On a related note, analysts at Scotiabank raised their price target on shares of Spectra Energy Corp. from $34.00 to $35.00 in a research note to investors on Thursday, August 8th. Finally, analysts at Credit Suisse raised their price target on shares of Spectra Energy Corp. from $46.00 to $47.00 in a research note to investors on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $36.27.
Spectra Energy Corp (NYSE:SE), incorporated on July 28, 2006, through its subsidiaries and equity affiliates, owns and operates a portfolio of complementary natural gas-related energy assets and is a natural gas infrastructure company.
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