TECO Energy, Inc. (TE) Updates FY14 Earnings Guidance
TECO Energy, Inc. (NYSE:TE) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $0.95-1.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.01, Stock Ratings Network.com reports.
A number of analysts have recently weighed in on TE shares. Analysts at Zacks reiterated a neutral rating on shares of TECO Energy in a research note on Friday, June 6th. They now have a $18.00 price target on the stock. On a related note, analysts at Ned Davis Research upgraded shares of TECO Energy from a neutral rating to a buy rating in a research note on Monday, May 12th. Finally, analysts at Deutsche Bank reiterated a hold rating on shares of TECO Energy in a research note on Wednesday, April 23rd. They now have a $19.00 price target on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $17.75.
Shares of TECO Energy, Inc. (NYSE:TE) traded down 0.12% on Thursday, hitting $17.21. 472,233 shares of the company’s stock traded hands. TECO Energy, Inc. has a 52-week low of $16.12 and a 52-week high of $18.45. The stock’s 50-day moving average is $17.50 and its 200-day moving average is $17.06. The company has a market cap of $3.748 billion and a price-to-earnings ratio of 18.02.
TECO Energy (NYSE:TE) last announced its earnings results on Tuesday, April 29th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $684.10 million for the quarter, compared to the consensus estimate of $680.82 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that TECO Energy, Inc. will post $1.02 earnings per share for the current fiscal year.
TECO Energy, Inc (NYSE:TE) is a holding company for regulated utilities and other businesses.
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