Westar Energy (WR) Set to Announce Earnings on Thursday
Westar Energy (NYSE:WR) will release its earnings data on Thursday, May 8th. Westar Energy has set its FY14 guidance at $2.25-2.40 EPS.Investors interested in registering for the company’s conference call can do so using this link.
Westar Energy (NYSE:WR) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.03. The company had revenue of $559.88 million for the quarter, compared to the consensus estimate of $557.14 million. During the same quarter last year, the company posted $0.36 earnings per share. Westar Energy’s revenue was up 6.9% compared to the same quarter last year. On average, analysts expect Westar Energy to post $2.35 EPS for the current fiscal year and $2.36 EPS for the next fiscal year.
Westar Energy (NYSE:WR) opened at 35.12 on Wednesday. Westar Energy has a 52-week low of $29.79 and a 52-week high of $36.35. The stock has a 50-day moving average of $35.16 and a 200-day moving average of $33.28. The company has a market cap of $4.523 billion and a P/E ratio of 15.56.
A number of research firms have recently commented on WR. Analysts at Edward Jones downgraded shares of Westar Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. On a related note, analysts at Argus raised their price target on shares of Westar Energy from $39.00 to $41.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Argus upgraded shares of Westar Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. They now have a $39.00 price target on the stock. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.23.
Westar Energy, Inc (NYSE:WR) provides electric generation, transmission and distribution services to approximately 690,000 customers in Kansas.
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