Vectren Corp. (VVC) to Release Quarterly Earnings on Friday
Vectren Corp. (NYSE:VVC) is scheduled to announce its Q114 earnings results on Friday, May 9th. Analysts expect the company to announce earnings of $0.73 per share and revenue of $747.11 million for the quarter. Vectren Corp. has set its FY14 guidance at $2.15-2.35 EPS.
Vectren Corp. (NYSE:VVC) last announced its earnings results on Wednesday, February 19th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $638.60 million for the quarter, compared to the consensus estimate of $638.60 million. On average, analysts expect Vectren Corp. to post $2.26 EPS for the current fiscal year and $2.43 EPS for the next fiscal year.
Shares of Vectren Corp. (NYSE:VVC) opened at 40.71 on Thursday. Vectren Corp. has a one year low of $31.83 and a one year high of $41.14. The stock’s 50-day moving average is $39.53 and its 200-day moving average is $36.77. The company has a market cap of $3.355 billion and a P/E ratio of 24.23.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Tuesday, May 13th.
A number of research firms have recently commented on VVC. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Vectren Corp. in a research note on Thursday, April 17th. They now have a $40.00 price target on the stock. Analysts at Brean Capital raised their price target on shares of Vectren Corp. from $41.00 to $43.00 in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $39.25.
Vectren Corporation (NYSE:VVC) is an energy holding company.
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