Dominion Resources Inc. (Virginia) (D) Updates FY14 Earnings Guidance
Dominion Resources Inc. (Virginia) (NYSE:D) updated its FY14 earnings guidance on Friday. The company provided earnings per share guidance of $3.35-3.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.58, AnalystRatings.NET reports. Dominion Resources Inc. (Virginia) also updated its Q1 guidance to $0.85-1.00 EPS.
D has been the subject of a number of recent research reports. Analysts at S&P Equity Research downgraded shares of Dominion Resources Inc. (Virginia) from a hold rating to a sell rating in a research note to investors on Friday. On a related note, analysts at Ned Davis Research upgraded shares of Dominion Resources Inc. (Virginia) from a sell rating to a neutral rating in a research note to investors on Monday. Finally, analysts at Morgan Stanley upgraded shares of Dominion Resources Inc. (Virginia) from an equal weight rating to an overweight rating in a research note to investors on Monday, January 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $64.73.
Dominion Resources Inc. (NYSE:D) traded down 0.24% during mid-day trading on Friday, hitting $66.89. 1,371,496 shares of the company’s stock traded hands. Dominion Resources Inc. has a 1-year low of $53.79 and a 1-year high of $68.47. The stock has a 50-day moving average of $65.31 and a 200-day moving average of $62.74. The company has a market cap of $38.825 billion and a P/E ratio of 63.80.
Dominion Resources Inc. (Virginia) (NYSE:D) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.74 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.89 by $0.15. During the same quarter last year, the company posted $0.69 earnings per share. On average, analysts predict that Dominion Resources Inc. will post $3.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of 0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Wednesday, February 26th. This is an increase from Dominion Resources Inc. (Virginia)’s previous quarterly dividend of $0.56.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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