Vectren Corp (VVC) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Vectren Corp (NYSE:VVC) released its earnings data on Monday. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.01, Analyst Ratings.Net reports. The company had revenue of $542.50 million for the quarter, compared to the consensus estimate of $572.05 million.
Shares of Vectren Corp (NYSE:VVC) traded down 0.94% during mid-day trading on Monday, hitting $37.82. The stock had a trading volume of 591,965 shares. Vectren Corp has a 52 week low of $31.83 and a 52 week high of $42.74. The stock has a 50-day moving average of $40.46 and a 200-day moving average of $38.94. The company has a market cap of $3.119 billion and a price-to-earnings ratio of 22.86.
A number of analysts have recently weighed in on VVC shares. Analysts at KeyCorp downgraded shares of Vectren Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Analysts at Brean Capital raised their price target on shares of Vectren Corp from $43.00 to $44.00 in a research note on Wednesday, July 2nd.
Vectren Corporation (NYSE:VVC), is an energy holding company.
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