Piedmont Natural Gas (PNY) Scheduled to Post Earnings on Thursday
Piedmont Natural Gas (NYSE:PNY) is scheduled to be posting its Q214 quarterly earnings results on Thursday, June 5th. Analysts expect Piedmont Natural Gas to post earnings of $0.75 per share and revenue of $427.95 million for the quarter. Piedmont Natural Gas has set its FY14 guidance at $1.80-1.90 EPS.
Piedmont Natural Gas (NYSE:PNY) last released its earnings data on Thursday, March 6th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.19 by $0.07. The company had revenue of $657.70 million for the quarter, compared to the consensus estimate of $560.43 million. The company’s quarterly revenue was up 27.5% on a year-over-year basis. On average, analysts expect Piedmont Natural Gas to post $1.86 EPS for the current fiscal year and $1.91 EPS for the next fiscal year.
Piedmont Natural Gas (NYSE:PNY) opened at 35.51 on Wednesday. Piedmont Natural Gas has a 52-week low of $31.56 and a 52-week high of $36.55. The stock has a 50-day moving average of $35.33 and a 200-day moving average of $33.97. The company has a market cap of $2.768 billion and a price-to-earnings ratio of 18.69.
On a related note, analysts at Ned Davis Research upgraded shares of Piedmont Natural Gas from a “sell” rating to a “neutral” rating in a research note on Monday, March 10th.
Piedmont Natural Gas Company, Inc (NYSE:PNY) is an energy services company whose principal business is the distribution of natural gas to over one million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including 51,600 customers served by municipalities who are the Company’s wholesale customers.
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