Vectren Corp (VVC) Releases FY14 Earnings Guidance
Vectren Corp (NYSE:VVC) updated its FY14 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.25-2.35 for the period, compared to the Thomson Reuters consensus estimate of $2.26, AnalystRatingsNetwork reports.
Several analysts have recently commented on the stock. 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 Corp (NYSE:VVC) traded down 0.94% on Monday, hitting $37.82. 591,965 shares of the company’s stock traded hands. Vectren Corp has a 1-year low of $31.83 and a 1-year high of $42.74. The stock’s 50-day moving average is $40.46 and its 200-day moving average is $38.94. The company has a market cap of $3.119 billion and a P/E ratio of 22.86.
Vectren Corp (NYSE:VVC) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.01. The company had revenue of $542.50 million for the quarter, compared to the consensus estimate of $572.05 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Vectren Corp will post $2.26 earnings per share for the current fiscal year.
Vectren Corporation (NYSE:VVC), is an energy holding company.
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