Westar Energy (WR) Posts Quarterly Results
Westar Energy (NYSE:WR) announced its earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03, Analyst Ratings News reports. The company had revenue of $559.88 million for the quarter, compared to the consensus estimate of $557.14 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis.
Shares of Westar Energy (NYSE:WR) opened at 34.53 on Thursday. Westar Energy has a 1-year low of $29.79 and a 1-year high of $35.24. The stock’s 50-day moving average is $33.27 and its 200-day moving average is $31.86. The company has a market cap of $4.391 billion and a P/E ratio of 14.91.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Westar Energy from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $35.80 price target on the stock. On the ratings front, analysts at ISI Group downgraded shares of Westar Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Finally, analysts at Barclays cut their price target on shares of Westar Energy from $36.00 to $33.00 in a research note on Monday, January 6th. They now have an “overweight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Westar Energy currently has an average rating of “Buy” and a consensus price target of $33.97.
Westar Energy, Inc (NYSE:WR) provides electric generation, transmission and distribution services to approximately 690,000 customers in Kansas.
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