SCANA Co. (SCG) Updates FY14 Earnings Guidance
SCANA Co. (NYSE:SCG) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.45-3.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.59, StockRatingsNetwork reports.
SCANA Co. (NYSE:SCG) opened at 52.10 on Thursday. SCANA Co. has a 52-week low of $44.75 and a 52-week high of $53.89. The stock’s 50-day moving average is $52.57 and its 200-day moving average is $50.70. The company has a market cap of $7.377 billion and a P/E ratio of 14.26.
SCANA (NYSE:SCG) last announced its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.00 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts predict that SCANA Co. will post $3.60 earnings per share for the current fiscal year.
SCG has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of SCANA from $55.00 to $53.00 in a research note on Thursday, June 5th. They now have an equal weight rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of SCANA in a research note on Monday, May 19th. They now have a $54.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of SCANA from a neutral rating to a buy rating in a research note on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $50.80.
SCANA Corporation is a holding company. The Company, through its wholly owned regulated subsidiaries, is primarily engaged in the generation, transmission, distribution and sale of electricity in parts of South Carolina and in the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.