Wisconsin Energy Corp (WEC) Issues FY14 Earnings Guidance
Wisconsin Energy Corp (NYSE:WEC) updated its FY14 earnings guidance on Monday. The company provided EPS guidance of $2.58-2.64 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.61, American Banking and Market News reports.
A number of analysts have recently weighed in on WEC shares. Analysts at Robert W. Baird raised their price target on shares of Wisconsin Energy Corp from $47.00 to $50.00 in a research note on Wednesday, June 25th. They now have a neutral rating on the stock. On a related note, analysts at Zacks downgraded shares of Wisconsin Energy Corp from an outperform rating to a neutral rating in a research note on Tuesday, June 24th. They now have a $48.00 price target on the stock. Finally, analysts at ISI Group upgraded shares of Wisconsin Energy Corp from a cautious rating to a neutral rating in a research note on Tuesday, June 24th. They now have a $45.50 price target on the stock, up previously from $45.00. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Wisconsin Energy Corp presently has a consensus rating of Hold and a consensus target price of $46.69.
Shares of Wisconsin Energy Corp (NYSE:WEC) traded up 0.36% during mid-day trading on Monday, hitting $45.07. The stock had a trading volume of 684,018 shares. Wisconsin Energy Corp has a 52-week low of $39.52 and a 52-week high of $49.21. The stock’s 50-day moving average is $45.57 and its 200-day moving average is $44.53. The company has a market cap of $10.164 billion and a P/E ratio of 16.90.
Wisconsin Energy Corp (NYSE:WEC) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. On average, analysts predict that Wisconsin Energy Corp will post $2.62 earnings per share for the current fiscal year.
Wisconsin Energy Corporation is a diversified holding company. The Company operates primarily through two segments: a utility energy segment and a non-utility energy segment.
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